Reported Earnings • May 19
First quarter 2026 earnings released: EPS: د.إ0.056 (vs د.إ0.052 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.056 (up from د.إ0.052 in 1Q 2025). Revenue: د.إ89.9m (up 48% from 1Q 2025). Net income: د.إ14.1m (up 8.0% from 1Q 2025). Profit margin: 16% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • May 18
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. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 17
Union Insurance Company P.J.S.C., Annual General Meeting, Mar 18, 2026 Union Insurance Company P.J.S.C., Annual General Meeting, Mar 18, 2026, at 10:00 Arabian Standard Time. Location: dubai United Arab Emirates Announcement • Feb 17
Union Insurance Company P.J.S.C. announces Annual dividend Union Insurance Company P.J.S.C. announced Annual dividend of AED 0.0400 per share, ex-date on March 27, 2026 and record date on March 30, 2026. Reported Earnings • Feb 17
Full year 2025 earnings released: EPS: د.إ0.20 (vs د.إ0.17 in FY 2024) Full year 2025 results: EPS: د.إ0.20 (up from د.إ0.17 in FY 2024). Revenue: د.إ321.0m (up 20% from FY 2024). Net income: د.إ46.0m (up 20% from FY 2024). Profit margin: 14% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Union Insurance Company P.J.S.C. to Report Fiscal Year 2025 Results on Feb 15, 2026 Union Insurance Company P.J.S.C. announced that they will report fiscal year 2025 results at 10:00 AM, Arabian Standard Time on Feb 15, 2026 Board Change • Jan 26
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. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. 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 • Nov 19
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. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 08
Union Insurance Company P.J.S.C. to Report Q3, 2025 Results on Nov 13, 2025 Union Insurance Company P.J.S.C. announced that they will report Q3, 2025 results on Nov 13, 2025 Board Change • Sep 09
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. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. 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 • Aug 31
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: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (د.إ230.0m market cap, or US$62.6m). Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: د.إ84.1m (up 27% from 2Q 2024). Net income: د.إ9.70m (up د.إ8.55m from 2Q 2024). Profit margin: 12% (up from 1.7% in 2Q 2024). Board Change • Aug 05
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. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. 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 • Jun 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (د.إ225.0m market cap, or US$61.3m). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: د.إ0.039 (vs د.إ0.036 in 1Q 2024) First quarter 2025 results: EPS: د.إ0.039 (up from د.إ0.036 in 1Q 2024). Revenue: د.إ60.8m (down 5.5% from 1Q 2024). Net income: د.إ13.1m (up 11% from 1Q 2024). Profit margin: 22% (up from 18% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • May 15
Less than half of directors are independent 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. 8 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Apr 24
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 8.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (د.إ198.9m market cap, or US$54.1m). Reported Earnings • Mar 23
Full year 2024 earnings released: EPS: د.إ0.12 (vs د.إ0.007 loss in FY 2023) Full year 2024 results: EPS: د.إ0.12 (up from د.إ0.007 loss in FY 2023). Revenue: د.إ267.3m (flat on FY 2023). Net income: د.إ38.3m (up د.إ40.8m from FY 2023). Profit margin: 14% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 14
Union Insurance Company P.J.S.C. to Report Fiscal Year 2024 Results on Mar 19, 2025 Union Insurance Company P.J.S.C. announced that they will report fiscal year 2024 results on Mar 19, 2025 New Risk • Mar 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Market cap is less than US$100m (د.إ180.7m market cap, or US$49.2m). Board Change • Feb 17
Less than half of directors are independent 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. 8 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 27
Less than half of directors are independent 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. 8 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 17
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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (د.إ215.1m market cap, or US$58.6m). Board Change • Dec 05
Less than half of directors are independent 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. 8 experienced directors. No highly experienced directors. 1 independent director (8 non-independent directors). Director Bassel Al Hindawi was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: د.إ0.03 (vs د.إ0.034 loss in 3Q 2023) Third quarter 2024 results: EPS: د.إ0.03 (up from د.إ0.034 loss in 3Q 2023). Revenue: د.إ64.7m (down 9.1% from 3Q 2023). Net income: د.إ9.82m (up د.إ21.1m from 3Q 2023). Profit margin: 15% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 14
Union Insurance Company P.J.S.C. to Report Q2, 2024 Results on Aug 12, 2024 Union Insurance Company P.J.S.C. announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: د.إ0.003 (vs د.إ0.006 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.003 (down from د.إ0.006 in 2Q 2023). Revenue: د.إ66.5m (up 32% from 2Q 2023). Net income: د.إ1.15m (down 38% from 2Q 2023). Profit margin: 1.7% (down from 3.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: د.إ0.036 (vs د.إ0.035 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.036 (up from د.إ0.035 in 1Q 2023). Revenue: د.إ64.3m (down 8.0% from 1Q 2023). Net income: د.إ11.8m (up 1.4% from 1Q 2023). Profit margin: 18% (up from 17% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Apr 26
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 6.7% 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 3.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (د.إ184.7m market cap, or US$50.3m). Announcement • Mar 26
Union Insurance Company P.J.S.C., Annual General Meeting, Apr 19, 2024 Union Insurance Company P.J.S.C., Annual General Meeting, Apr 19, 2024, at 06:00 Coordinated Universal Time. Location: the Emirate of Dubai Sheikh Zayed Road Single Business Tower 13th Floor) Emirate of Dubai United Arab Emirates Agenda: To approve the Report of the Board of Directors on the Company's activity and its financial position for the Fiscal Year ending on 31/12/2023; to approve the Auditor's Report for the Fiscal Year ending on 31/12/2023; to discuss the Company's Balance Sheet, Profit and Loss account for the Fiscal Year; to consider the Board's proposal regarding not distributing dividends to shareholders; to Approving the proposal to pay fees to the Board of Directors for the financial year ending on December 31, 2023, in accordance with governance standards in this regard; and to discuss other matters. Reported Earnings • Feb 16
Full year 2023 earnings released: د.إ0.036 loss per share (vs د.إ0.055 profit in FY 2022) Full year 2023 results: د.إ0.036 loss per share (down from د.إ0.055 profit in FY 2022). Revenue: د.إ650.8m (up 64% from FY 2022). Net loss: د.إ12.1m (down 166% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 07
Union Insurance Company P.J.S.C. Announces CEO Changes Union Insurance Company P.J.S.C. announced Mr. Abdul Muttalib Mustafa Al Jaede submitted his resignation from the position of CEO of the company on September 01, 2023, with his last working day being November 30, 2023. Mr. Ramez Abou Zaid was appointed as Acting CEO, starting from December 01, 2023. Announcement • Dec 16
Union Insurance Company P.J.S.C., Annual General Meeting, Jan 11, 2024 Union Insurance Company P.J.S.C., Annual General Meeting, Jan 11, 2024, at 08:00 Coordinated Universal Time. Reported Earnings • Nov 16
Third quarter 2023 earnings released: د.إ0.034 loss per share (vs د.إ0.029 profit in 3Q 2022) Third quarter 2023 results: د.إ0.034 loss per share (down from د.إ0.029 profit in 3Q 2022). Revenue: د.إ71.1m (down 35% from 3Q 2022). Net loss: د.إ11.3m (down 217% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: د.إ0.006 (vs د.إ0.007 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.006 (down from د.إ0.007 in 2Q 2022). Revenue: د.إ59.0m (down 33% from 2Q 2022). Net income: د.إ1.86m (down 19% from 2Q 2022). Profit margin: 3.1% (up from 2.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Market cap is less than US$100m (د.إ205.2m market cap, or US$55.9m). New Risk • Jun 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 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (د.إ196.6m market cap, or US$53.5m). Reported Earnings • Jun 20
First quarter 2023 earnings released: EPS: د.إ0.035 (vs د.إ0.042 in 1Q 2022) First quarter 2023 results: EPS: د.إ0.035 (down from د.إ0.042 in 1Q 2022). Revenue: د.إ163.6m (up 55% from 1Q 2022). Net income: د.إ11.6m (down 17% from 1Q 2022). Profit margin: 7.1% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: د.إ0.055 (vs د.إ0.04 in FY 2021) Full year 2022 results: EPS: د.إ0.055 (up from د.إ0.04 in FY 2021). Revenue: د.إ395.8m (flat on FY 2021). Net income: د.إ18.3m (up 39% from FY 2021). Profit margin: 4.6% (up from 3.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: د.إ0.029 (vs د.إ0.003 loss in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.029 (up from د.إ0.003 loss in 3Q 2021). Revenue: د.إ109.1m (up 12% from 3Q 2021). Net income: د.إ9.67m (up د.إ10.6m from 3Q 2021). Profit margin: 8.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent 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. 1 independent director (6 non-independent directors). Director Boshra Mulla 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: د.إ0.007 (vs د.إ0.047 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.007 (down from د.إ0.047 in 2Q 2021). Revenue: د.إ114.6m (up 243% from 2Q 2021). Net income: د.إ2.28m (down 86% from 2Q 2021). Profit margin: 2.0% (down from 47% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: د.إ0.025 (vs د.إ0.025 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.025 (vs د.إ0.025 in 1Q 2021). Revenue: د.إ141.7m (down 18% from 1Q 2021). Net income: د.إ14.0m (up 73% from 1Q 2021). Profit margin: 9.9% (up from 4.7% in 1Q 2021). 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 13% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Boshra Mulla was the last director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: د.إ0.04 (vs د.إ0.02 in FY 2020) Full year 2021 results: EPS: د.إ0.04 (up from د.إ0.02 in FY 2020). Revenue: د.إ362.4m (down 7.3% from FY 2020). Net income: د.إ13.2m (up 101% from FY 2020). Profit margin: 3.6% (up from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 19
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: د.إ0.003 loss per share (down from د.إ0.023 profit in 3Q 2020). Revenue: د.إ88.4m (down 17% from 3Q 2020). Net loss: د.إ904.0k (down 112% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 12
Second quarter 2021 earnings released: د.إ0.17 loss per share (vs د.إ0.044 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: د.إ26.2m (down 75% from 2Q 2020). Net loss: د.إ56.6m (down 487% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
First quarter 2021 earnings released: EPS د.إ0.025 (vs د.إ0.073 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: د.إ102.7m (up 35% from 1Q 2020). Net income: د.إ8.12m (up د.إ32.2m from 1Q 2020). Profit margin: 7.9% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS د.إ0.02 (vs د.إ0.065 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: د.إ391.2m (down 20% from FY 2019). Net income: د.إ6.59m (down 69% from FY 2019). Profit margin: 1.7% (down from 4.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS د.إ0.02 (vs د.إ0.065 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: د.إ867.9m (up 77% from FY 2019). Net income: د.إ6.59m (down 69% from FY 2019). Profit margin: 0.8% (down from 4.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 28
New 90-day high: د.إ0.65 The company is up 27% from its price of د.إ0.51 on 29 September 2020. The Emirian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 8.0% over the same period. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS د.إ0.023 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: د.إ111.5m (down 5.6% from 3Q 2019). Net income: د.إ7.46m (up 33% from 3Q 2019). Profit margin: 6.7% (up from 4.7% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 19
New 90-day high: د.إ0.55 The company is up 7.0% from its price of د.إ0.52 on 21 July 2020. The Emirian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 9.0% over the same period. Announcement • Jul 05
Union Insurance Company P.J.S.C. to Report Q1, 2020 Results on Jun 16, 2020 Union Insurance Company P.J.S.C. announced that they will report Q1, 2020 results on Jun 16, 2020