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union insurance co (UNION) Snapshot

Open
1.00
Previous Close
1.00
Day High
1.00
Day Low
1.00
52 Week High
05/12/14 - 1.20
52 Week Low
03/19/14 - 1.00
Market Cap
330.9M
Average Volume 10 Days
500.0
EPS TTM
0.25
Shares Outstanding
330.9M
EX-Date
04/2/09
P/E TM
4.0x
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 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.

207 Employees
Last Reported Date: 03/13/14
Founded in 1998

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union insurance co (UNION) Key Developments

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.

Union Insurance Company P.S.C. Announces Unaudited Earnings Results for the First Half Ended June 30, 2014

Union Insurance Company P.S.C. announced unaudited earnings results for the first half ended June 30, 2014. For the six months, the company reported net profit of AED 23.6 million up 12% compared to AED 21.2 million a year earlier. Gross insurance premium stood at AED 295 million compared to AED 187 million reported in the same period last year, an increase of 58%. Basic and diluted earnings per ordinary share were AED 0.071 compared to AED 0.064 per share last year. Net earned premium was AED 97,703,662 compared to AED 67,167,619 last year. Underwriting profit was AED 49,207,686 compared to AED 25,361,602 last year. Net cash generated from operating activities was AED 44,166,486 compared to net cash used in operating activities of AED 1,945,271 last year. Purchase of property and equipment was AED 2,317,968 compared to AED 4,240,852 last year. Net commission earned was AED 9,937,076 against AED 8,787,417 for the same period a year ago. For the quarter, the company reported gross written premium of AED 155,692,502 compared to AED 90,639,441 for the same period a year ago. Net earned premium was AED 55,422,207 compared to AED 35,094,074 last year. Loss was AED 36,419,306 or AED 0.110 per basic and diluted share compared to profit of AED 18,637,532 or AED 0.056 per basic and diluted share last year. Underwriting profit was AED 30,267,186 compared to AED 12,833,444 last year. Net commission earned was AED 6,362,022 against AED 2,977,248 for the same period a year ago.

Union Insurance Company P.S.C. to Report Q2, 2014 Results on Aug 13, 2014

Union Insurance Company P.S.C. announced that they will report Q2, 2014 results on Aug 13, 2014

 

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Valuation UNION Industry Range
Price/Earnings 4.0x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 3.8x
TEV/Sales 0.1x
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