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Union Insurance Company achieved a net profit of AED 22.74 million in the first nine months of this year compared to a profit of AED 2.16 million in the same period last year, a jump of 953%.
The company turned profitable in the third quarter by AED 9.8 million compared to a loss of AED 11.3 million in the same period of 2023.
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About Union Insurance Company
Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company is regulated by the UAE Central Bank and has a paid up capital of over AED 330 million. The company provides a wide range of individual and commercial insurance products to clients in the UAE and wider Middle East.
For further information, please contact Riham Osama or Norman Barakat at: email:
riham.o@unioninsurance.ae or sara.m@unioninsurance.ae