Union Insurance Company Integrated Report December 31,2025 | premargin
Union Insurance Company Integrated Report December 31,2025
·ADX·Financial Reports | Integrated Report·March 5, 2026·View on exchange
AI Summary
Reported a 20% increase in net profit after tax to AED 45.97 million for the fiscal year ended December 31, 2025, supported by a rise in insurance revenue to AED 614.8 million.
Recommended the company’s first-ever dividend distribution since its establishment, consisting of a 4% cash dividend totaling AED 9.20 million and AED 20 million in bonus shares, subject to General Assembly approval.
Received a credit rating upgrade from Fitch Ratings to an Insurer Financial Strength (IFS) rating of 'BBB+' with a Stable Outlook, citing improved underwriting performance and robust risk management.
Achieved a solvency ratio of 175% and increased the Emiratization rate to 27.5%, while successfully completing a capital reduction during the year from AED 330.9 million to AED 230 million to offset accumulated losses.
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