Company Emirates Insurance Company

Equities

EIC

AEE000101015

Property & Casualty Insurance

Market Closed - Abu Dhabi Securities Exchange 06:22:55 2024-04-02 am EDT 5-day change 1st Jan Change
7.2 AED 0.00% Intraday chart for Emirates Insurance Company 0.00% +0.70%

Business Summary

Emirates Insurance Company PSC is a United Arab Emirates-based company engaged in general insurance and reinsurance activities. The Company is organized into two main business segments: the Underwriting of general insurance business segment covers all classes of general insurance, such as fire, marine, motor, general accident and miscellaneous; and the Investments segment includes investments in marketable equity securities and investment funds, development bonds, term deposits with banks and investment properties and other securities. The Company's products and services are structured into 12 divisions, namely Business, Corporate, Employee Benefit, Engineering, Financial, Group Medical, Liability, Marine & Aviation, Motor, Oil & Gas, Personal lines and Property. The Company operates though its head office in Abu Dhabi, and branch offices in Dubai, Al Ain, Jebel Ali Freezone and Sharjah.

Number of employees: 200

Sales per Business

AED in Million2022Weight2023Weight Delta
Underwriting
94.2 %
1,237 98.0 % 1,421 94.2 % +14.89%
Investments
5.8 %
26 2.0 % 87 5.8 % +239.86%

Sales per region

AED in Million2022Weight2023Weight Delta
United Arab Emirates
84.2 %
1,094 86.7 % 1,269 84.2 % +16.02%
Europe
13.8 %
154 12.2 % 208 13.8 % +35.65%
United States
2.0 %
15 1.2 % 30 2.0 % +104.86%

Managers

Managers TitleAgeSince
Chief Executive Officer - 07-04-30
Director of Finance/CFO - 06-12-31
Investor Relations Contact - -
Corporate Officer/Principal - 18-12-31

Members of the board

Members of the board TitleAgeSince
Chairman 71 94-12-31
Director/Board Member - 18-12-31
Director/Board Member 42 18-12-31
Director/Board Member - 21-12-31
Director/Board Member - 19-02-28
Director/Board Member - 21-12-31
Director/Board Member - 21-12-31
Director/Board Member - 21-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 150,000,000 91,416,600 ( 60.94 %) 0 60.94 %

Shareholders

NameEquities%Valuation
Al Mazroui Investment Co.
15.12 %
22,676,400 15.12 % 44 M AED
Al Nahda Investment Co.
12.22 %
18,330,000 12.22 % 36 M AED
Emirate of Abu Dhabi (United Arab Emirates)
11.81 %
17,719,950 11.81 % 35 M AED

Company contact information

Emirates Insurance Co. PSC

Emirates Insurance Company Building Al Zahiya

, Abu Dhabi

+971 2 6440 400

http://www.eminsco.com
address Emirates Insurance Company(EIC)
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