Reported Earnings • May 14
First quarter 2026 earnings released: EPS: د.إ0.045 (vs د.إ0.001 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.045 (up from د.إ0.001 in 1Q 2025). Revenue: د.إ57.8m (up 156% from 1Q 2025). Net income: د.إ5.09m (up د.إ4.98m from 1Q 2025). Profit margin: 8.8% (up from 0.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to د.إ1.53, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 8x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to د.إ1.66, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 8x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to د.إ2.14, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 8x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to د.إ1.20, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 8x in the Insurance industry in United Arab Emirates. Total returns to shareholders of 23% over the past three years. Announcement • Feb 20
Insurance House - P J S C, Annual General Meeting, Mar 17, 2026 Insurance House - P J S C, Annual General Meeting, Mar 17, 2026, at 10:00 Arabian Standard Time. Location: abu dhabi United Arab Emirates Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: د.إ0.04 (vs د.إ0.17 loss in FY 2024) Full year 2025 results: EPS: د.إ0.04 (up from د.إ0.17 loss in FY 2024). Revenue: د.إ315.1m (up 93% from FY 2024). Net income: د.إ4.90m (up د.إ24.6m from FY 2024). Profit margin: 1.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 06
Insurance House P.S.C. to Report Fiscal Year 2025 Results on Feb 11, 2026 Insurance House P.S.C. announced that they will report fiscal year 2025 results on Feb 11, 2026 Board Change • Dec 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Murtadha Alhashmi was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: د.إ0.02 (vs د.إ0.02 loss in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.02 (up from د.إ0.02 loss in 3Q 2024). Revenue: د.إ26.6m (down 38% from 3Q 2024). Net income: د.إ2.11m (up د.إ4.66m from 3Q 2024). Profit margin: 8.0% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Nov 10
Insurance House P.S.C. to Report Nine Months, 2025 Results on Nov 13, 2025 Insurance House P.S.C. announced that they will report nine months, 2025 results on Nov 13, 2025 Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: د.إ0.02 (vs د.إ0.03 loss in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.02 (up from د.إ0.03 loss in 2Q 2024). Revenue: د.إ25.5m (down 41% from 2Q 2024). Net income: د.إ2.02m (up د.إ5.02m from 2Q 2024). Profit margin: 7.9% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 08
Insurance House P.S.C. to Report Q2, 2025 Results on Aug 13, 2025 Insurance House P.S.C. announced that they will report Q2, 2025 results on Aug 13, 2025 New Risk • May 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Negative equity (-د.إ1.5m). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (د.إ80.6m market cap, or US$21.9m). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: د.إ0.001 (vs د.إ0.058 loss in 1Q 2024) First quarter 2025 results: EPS: د.إ0.001 (up from د.إ0.058 loss in 1Q 2024). Revenue: د.إ22.6m (down 29% from 1Q 2024). Net income: د.إ107.9k (up د.إ7.02m from 1Q 2024). Profit margin: 0.5% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • May 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Murtadha Alhashmi was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Mar 30
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -د.إ2.0m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 62% per year over the past 5 years. Minor Risks Negative equity (-د.إ2.0m). Market cap is less than US$100m (د.إ96.5m market cap, or US$26.3m). Announcement • Mar 18
Insurance House P.S.C. to Report Fiscal Year 2024 Results on Mar 20, 2025 Insurance House P.S.C. announced that they will report fiscal year 2024 results on Mar 20, 2025 Board Change • Feb 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Murtadha Alhashmi was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Murtadha Alhashmi was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 06
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. No independent directors (8 non-independent directors). CEO & Director Issam Mouslimani was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Third quarter 2024 earnings released: د.إ0.02 loss per share (vs د.إ0.064 loss in 3Q 2023) Third quarter 2024 results: د.إ0.02 loss per share (improved from د.إ0.064 loss in 3Q 2023). Revenue: د.إ42.7m (up 36% from 3Q 2023). Net loss: د.إ2.55m (loss narrowed 66% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2024 earnings released: د.إ0.03 loss per share (vs د.إ0.15 loss in 2Q 2023) Second quarter 2024 results: د.إ0.03 loss per share (improved from د.إ0.15 loss in 2Q 2023). Revenue: د.إ43.4m (up 60% from 2Q 2023). Net loss: د.إ3.00m (loss narrowed 83% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2024 earnings released: د.إ0.06 loss per share (vs د.إ0.075 loss in 1Q 2023) First quarter 2024 results: د.إ0.06 loss per share (improved from د.إ0.075 loss in 1Q 2023). Net loss: د.إ6.91m (loss narrowed 21% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Apr 02
Insurance House P.S.C., Annual General Meeting, Apr 23, 2024 Insurance House P.S.C., Annual General Meeting, Apr 23, 2024, at 06:00 Coordinated Universal Time. Location: Finance House Head Office located at Haza'a bin Zayed the First Street Abu Dhabi United Arab Emirates Agenda: To consider the Board of Directors' Report on the Company's activity and its financial position for the fiscal year ended on 31/12/2023, and ratify the same; to consider the Auditor's Report for the fiscal year ended on 31/12/2023, and ratify the same; to consider company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023; to consider board's recommendation on non-distribution of dividends to shareholders, based on the justifications presented by the Board in its report to the shareholders, given the losses incurred; to consider the proposal concerning the remuneration of the members of the Board of Directors for the fiscal year ended on 31/12/2023 and determine the amount thereof; and to consider other business issues. New Risk • Mar 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -د.إ99m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-د.إ99m free cash flow). Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (د.إ106.6m market cap, or US$29.0m). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (د.إ107.1m market cap, or US$29.2m). Announcement • Jan 11
Insurance House Gets Letter of Intent Regarding Potential Acquisition Insurance House P.S.C. receives letter of intent from an UAE company regarding potential transaction. Potential transaction may involve acquisition of strategic stake into company. New Risk • Nov 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (د.إ97.3m market cap, or US$26.5m). New Risk • Nov 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (د.إ97.3m market cap, or US$26.5m). Reported Earnings • May 14
First quarter 2023 earnings released: د.إ0.13 loss per share (vs د.إ0.022 profit in 1Q 2022) First quarter 2023 results: د.إ0.13 loss per share (down from د.إ0.022 profit in 1Q 2022). Revenue: د.إ39.7m (down 10% from 1Q 2022). Net loss: د.إ15.7m (down د.إ18.3m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: د.إ0.04 (vs د.إ0.08 in FY 2021) Full year 2022 results: EPS: د.إ0.04 (down from د.إ0.08 in FY 2021). Revenue: د.إ180.8m (up 14% from FY 2021). Net income: د.إ4.36m (down 54% from FY 2021). Profit margin: 2.4% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Director Murtadha Alhashmi was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Director Ramez Hassan Zaid was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 23
Insurance House P.S.C., Annual General Meeting, Apr 12, 2022 Insurance House P.S.C., Annual General Meeting, Apr 12, 2022, at 06:00 Coordinated Universal Time. Agenda: To consider Board of Directors’ Report on the Company’s activity and its financial position for the fiscal year ended on December 31, 2021; to consider the Auditor’s Report for the fiscal year ended on December 31, 2021; to consider the company’s balance sheet and profit and loss account for the fiscal year ended on December 31, 2021; to consider the proposal concerning the remuneration of the members of the Board of Directors for the fiscal year ended on December 31, 2021 and determine the amount thereof; and to consider other matters of the business. Announcement • Feb 11
Insurance House P.S.C. Announces CEO Changes Insurance House P.S.C. approved the resignation of the CEO, Mr. Ramez Abu Zaid on February 7, 2021 and Mr. Amr Hindawy was appointed as acting CEO as of 10 February 2022. Announcement • Feb 04
Insurance House P.S.C. to Report Second Half, 2021 Results on Feb 09, 2022 Insurance House P.S.C. announced that they will report second half, 2021 results on Feb 09, 2022 Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS د.إ0.01 (vs د.إ0.013 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: د.إ36.3m (up 9.2% from 3Q 2020). Net income: د.إ1.73m (up 8.3% from 3Q 2020). Profit margin: 4.8% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS د.إ0.02 (vs د.إ0.03 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.إ33.2m (down 10.0% from 2Q 2020). Net income: د.إ2.09m (down 38% from 2Q 2020). Profit margin: 6.3% (down from 9.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Reported Earnings • May 06
First quarter 2021 earnings released: EPS د.إ0.03 (vs د.إ0.026 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: د.إ45.6m (down 24% from 1Q 2020). Net income: د.إ4.01m (up 28% from 1Q 2020). Profit margin: 8.8% (up from 5.2% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS د.إ0.092 (vs د.إ0.14 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ172.6m (down 1.3% from FY 2019). Net income: د.إ10.9m (down 33% from FY 2019). Profit margin: 6.3% (down from 9.3% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day low: د.إ0.81 The company is down 5.0% from its price of د.إ0.85 on 05 August 2020. The Emirian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 12% over the same period. 
