Union Insurance Company Financial Results for the Period Ended December 31,2025 | premargin
Union Insurance Company Financial Results for the Period Ended December 31,2025
·ADX·Financial Reports | Financial Report·February 16, 2026·View on exchange
AI Summary
Union Insurance Company reported a net profit after tax of AED 45.9 million for the fiscal year 2025, compared to AED 38.3 million in 2024, supported by Gross Written Premiums of AED 678.6 million.
The Board of Directors proposed the company's first-ever dividend distribution, consisting of a 4% cash dividend (AED 9.2 million) and the issuance of AED 20 million in bonus shares, subject to General Assembly approval.
Fitch Ratings upgraded the company's Insurer Financial Strength (IFS) rating to 'BBB+' with a Stable Outlook during the year, citing improved risk management and financial robustness.
Total equity increased to AED 289.3 million as of December 31, 2025, following a strategic capital reduction to AED 230 million earlier in the year to offset accumulated losses.
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