Stock UNION UNION INSURANCE COMPANY
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Company Union Insurance Company

Equities

UNION

AEU000501012

Property & Casualty Insurance

Market Closed - Abu Dhabi Securities Exchange
Other stock markets
 06:55:00 2024-04-26 am EDT 		5-day change 1st Jan Change
0.558 AED +14.81% Intraday chart for Union Insurance Company +14.81% -14.15%
Mar. 26 Union Insurance to Halt Trading in April Amid Board Meeting MT
Mar. 14 UAE's Union Insurance Co Flags Trading Halt MT

Business Summary

Union Insurance Co PSC is a United Arab Emirates-based public shareholding company that provides all classes of insurance products and services except life insurance. The Company is organized into two business segments; the General Insurance segment covers all classes of general insurance including fire, marine, motor, general accident and miscellaneous, and the Investments segment includes investments in the United Arab Emirates (UAE) and Gulf Cooperation Council (GCC) marketable equity securities, term deposits with banks, investment properties, trading investments and other securities. The Company operates through its head office in Ajman and branch offices in Sharjah, Abu Dhabi and Dubai. The Company is managed by Al Sagr Insurance Co. PSC through a management agreement.

Number of employees: 244

Sales per Business

AED in Million2022Weight2023Weight Delta
General Insurance
88.1 %
320 82.2 % 572 88.1 % +78.52%
Life Insurance
11.9 %
69 17.8 % 77 11.9 % +11.72%

Sales per region

AED in Million2022Weight2023Weight Delta
United Arab Emirates
90.1 %
685 78.9 % 571 90.1 % -16.63%
Gulf Cooperation Council
9.5 %
182 21.0 % 60 9.5 % -66.84%
Others
0.4 %
2 0.2 % 2 0.4 % +49.71%

Managers

Managers TitleAgeSince
Ramez Abu Zaid CEO
 Chief Executive Officer - 23-06-30
Ramanathan Vaidyanathan DFI
 Director of Finance/CFO - -
Amit Kataria CMP
 Compliance Officer - 13-11-09
Anshul Srivastava CTO
 Chief Tech/Sci/R&D Officer - -
Riham Osama IRC
 Investor Relations Contact - -
Mohammad Radi AUD
 Comptroller/Controller/Auditor - -
Abdulraziq Ayman LAW
 General Counsel - -
Usman Khadmi PRN
 Corporate Officer/Principal - -
Eyad Hammad LAW
 General Counsel - -

Members of the board

Members of the board TitleAgeSince
Md Salem Abdullah Al-Hosani BRD
 Director/Board Member - 09-12-31
Abdullah Mohammed Al-Hosani BRD
 Director/Board Member - -
Nasser Rashid Abdulaziz Almoalla CHM
 Chairman - -
Ali Rashed Sultan Alkaitoob Alnuaimi BRD
 Director/Board Member - 21-06-09
Ahmed Said Al Alami BRD
 Director/Board Member - -
Iman Ahmed Hamad Al Midfa BRD
 Director/Board Member - -
Ramez Abu Zaid CEO
 Chief Executive Officer - 23-06-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 330,939,180 79,436,986 ( 24.00 %) 0 24.00 %

Shareholders

NameEquities%Valuation
Salem Al-Hosani
43.31 %
143,324,459 43.31 % 21 M AED
UMM AL QAIWAIN GENERAL INVESTMENTS COMPANY
19.70 %
65,179,793 19.70 % 10 M AED
Gulf General Investment Co.
6.933 %
22,943,161 6.933 % 3 M AED
Gulf Hawks General Trading Co. LLC
6.060 %
20,055,020 6.060 % 3 M AED
Dimensional Fund Advisors Ltd.
0.0449 %
148,602 0.0449 % 21 852 AED

Company contact information

Union Insurance Co.

Single Business Tower Sheikh Zayed Road

, Dubai

+971 4 3787 777

http://www.unioninsurance.ae
address Union Insurance Company(UNION)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Sales per Business

Sales per region

Annual profits - Rate of surprise

Company calendar

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Other Property & Casualty Insurance
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