Union Insurance Company (UIC) has posted financial results for H1-14, showing that net profit increased 12 % to AED23.6 million compared to AED21.2 million a year earlier. This has resulted in earnings per share rising from AED0.064 in the first half of 2013 to AED0.071 in H1 2014, according to Emirates 24/7. Gross insurance premium stood at AED295 million in H1 2014 compared to AED187million reported in the same period last year, an increase of 58 %. UIC’s total assets rose from AED688 million as of 31 December 2013 to AED868 million as of 30 June 2014. Technical profit amounted to AED49.2 million, up 94 %, compared to AED25.4 million as at 30 June 2013.