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Last 1.12 AED
Change Today 0.00 / 0.00%
Volume 0.0
UNION On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 08/30/15 All times are local (Market data is delayed by at least 15 minutes).

union insurance co (UNION) Snapshot

Open
1.12
Previous Close
1.12
Day High
1.12
Day Low
1.12
52 Week High
01/4/15 - 1.19
52 Week Low
02/15/15 - 1.00
Market Cap
370.7M
Average Volume 10 Days
42.5K
EPS TTM
0.04
Shares Outstanding
330.9M
EX-Date
04/2/09
P/E TM
28.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for UNION INSURANCE CO (UNION)

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union insurance co (UNION) Details

Union Insurance Company P.S.C. provides a range of retail and commercial insurance products to individuals, corporates, and government entities in the United Arab Emirates and the Middle East region. The company operates through two segments, General Insurance and Life Assurance. It offers life, health, property, motor, personal accident, energy, engineering, general accident, group life, group medical, marine, travel, and home insurance products. Union Insurance Company P.S.C. was founded in 1998 and is based in Dubai, the United Arab Emirates.

239 Employees
Last Reported Date: 03/10/15
Founded in 1998

union insurance co (UNION) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
President – General Insurance
Total Annual Compensation: --
President of Life, Affinity, Bancassurance & ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

union insurance co (UNION) Key Developments

Union Insurance Announces Earnings Results for the First Half Ended June 30, 2015

Union Insurance announced earnings results for the first half ended June 30, 2015. For the period, the company’s gross insurance premium revenue was AED 331,210,000 compared to AED 294,782,000 a year ago. Under writing profit for the period was AED 53,318,000 compared to AED 49,208,000 a year ago. Net loss was AED 7,404,000 or AED 0.022 per share compared to net profit of AED 23,642,000 or AED 0.071 per share a year ago.

Union Insurance Company Launches MaxMedical in the UAE

Union Insurance Company announced it has launched MaxMedical, an international health insurance product, in the UAE. The new product comes with the first- of- its- kind dormant option that allows policyholders to make the policy inactive for as long as they need while they are insured with their employer. Customers can also choose to add a dental cover to MaxMedical to avail of MaxDent. MaxMedical is in accordance with the UAE regulatory bodies and is debuting in the UAE. It will soon be available to residents of other countries in the region.

Union Insurance Company P.S.C. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Union Insurance Company P.S.C. announced unaudited earnings results for the first quarter ended March 31, 2015. For the period, the company reported gross insurance premium revenue of AED 172 million against AED 139 million a year ago. Net loss for the period was AED 17 million or AED 0.051 per basic and diluted share against net profit of AED 60 million or AED 0.181 per basic and diluted share a year ago. Net cash used in operating activities was AED 10,828,146 against AED 57,175,489 a year ago. Purchase of property and equipment was AED 1,200,391 against AED 1,064,572 a year ago. Net earned premium was AED 65,934,640 against AED 42,281,455 a year ago. Underwriting profit was AED 27,016,038 against AED 18,940,500 a year ago.

 

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Industry Analysis

UNION

Industry Average

Valuation UNION Industry Range
Price/Earnings 28.6x
Price/Sales 1.3x
Price/Book 1.1x
Price/Cash Flow 21.4x
TEV/Sales 0.5x
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