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FINANCIAL NEWS
UAE’s Union Insurance net profit hit USD6.42m in H1
15 Aug 2014
(MENAFN) Union Insurance announced it posted USD 6.42 million in the January-June period, rising 12 percent compared to USD5.77 million in the same period last year, Emirates 24/7 reported.
The UAE-based insurance company’s gross insurance rose 58 percent, hitting USD80.31 million compared to USD50.91 in the first half of 2013.
The company’s total assets increased to USD 236.32 million as of June, 30 2014 from USD187.31 as of December, 31 2013.
Meanwhile, the technical profit reached USD 13.39 million, with an increase of 58 percent, compared to USD .91 in the same period last year.
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