United Fidelity Insurance Company (P.S.C) Report of accumulated losses for the year December 31,2025 | premargin
United Fidelity Insurance Company (P.S.C) Report of accumulated losses for the year December 31,2025
·ADX·Financial Reports | Report of accumulated losses·March 17, 2026·View on exchange
AI Summary
United Fidelity Insurance Company reported accumulated losses of AED 84.1 million as of December 31, 2025, representing 52.6% of its paid-up capital.
The company returned to profitability in 2025 with a net profit after tax of AED 5.8 million, a significant recovery from the AED 64.4 million loss recorded in 2024.
Insurance service expenses decreased to AED 449 million from AED 919 million the previous year, following a reduction in exceptional flood-related claims.
Management is addressing accumulated losses through a strategic shift toward underwriting quality and disciplined risk selection to strengthen the company’s capital base.