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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 06/2/15 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
07/14/14 - 1.20
52 Week Low
02/15/15 - 1.00
Market Cap
370.7M
Average Volume 10 Days
0.0
EPS TTM
-0.10
Shares Outstanding
330.9M
EX-Date
04/2/09
P/E TM
--
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 various insurance products in the United Arab Emirates. Its insurance products include motor, travel, engineering, property, general accident, home, life, marine, corporate travel, group medical, and group life insurance. The company serves individuals, corporates, and government entities. 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

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Executives, Board Directors

union insurance co (UNION) Key Developments

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.

Union Insurance Company P.S.C. Reports Audited Earnings Results for the Year Ended December 31, 2014

Union Insurance Company P.S.C. reported audited earnings results for the year ended December 31, 2014. For the year, the company reported gross written premium of AED 531,545,179 against AED 353,734,998 a year ago. Net earned premium was AED 220,604,347 against AED 135,071,193 a year ago. Net commission earned was AED 7,243,380 against AED 10,036,300 a year ago. Underwriting profit was AED 91,200,218 against AED 45,619,755 a year ago. Profit was AED 44,098,208 or AED 0.13 per basic and diluted share against AED 66,665,802 or AED 0.20 per basic and diluted share a year ago. Net cash generated from operating activities was AED 47,004,629 against AED 18,527,139 a year ago. Purchase of property and equipment (net) was AED 6,979,241 against AED 7,183,596 a year ago.

Union Insurance Company P.S.C. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Union Insurance Company P.S.C. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported gross written premium of AED 119,034,276 against AED 75,696,102 a year ago. Net earned premium was AED 57,731,247 against AED 32,248,874 a year ago. Net commission earned was AED 506,987 against AED 9,119 a year ago. Underwriting profit was AED 21,504,570 against AED 9,298,327 a year ago. Profit was AED 20,108,031 or AED 0.061 per basic and diluted share against AED 6,146,818 or AED 0.019 per basic and diluted share a year ago. For the nine months, the company reported gross written premium of AED 413,816,525 against AED 262,584,908 a year ago. Net earned premium was AED 155,434,909 against AED 99,416,493 a year ago. Net commission earned was AED 10,444,063 against AED 8,796,536 a year ago. Underwriting profit was AED 70,712,256 against AED 34,659,929 a year ago. Profit was AED 43,749,662 or AED 0.132 per basic and diluted share against AED 27,328,266 or AED 0.083 per basic and diluted share a year ago. Net cash generated from operating activities was AED 19,188,855 against AED 48,836,669 a year ago. Purchase of property and equipment was AED 6,336,021 against AED 6,169,263 a year ago.

 

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Valuation UNION Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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