Insurance House PJSC (IH)

Abu Dhabi – Mubasher: Insurance House (IH) reported accumulated losses valued at AED 105.93 million during the third quarter (Q3) of 2023. The registered accumulated losses represent 89.18% of the capital, according to a bourse statement. In the …

Abu Dhabi – Mubasher: The accumulated losses of Insurance House (IH) amounted to AED 105.43 million during the second quarter (Q2) of 2023, according to a bourse disclosure. The incurred accumulated losses represent 88.70% of the company’s …

Abu Dhabi – Mubasher: Insurance House (IH) incurred accumulated losses valued at AED 84.34 million as of 31 March 2023. The registered losses account for 71% of the AED 118.78 million capital, according to a bourse filing. In the first three …

Abu Dhabi – Mubasher: AM Best has maintained the financial strength and long-term issuer credit ratings of Insurance House (IH) at 'B+' and 'BBB-', respectively, with a stable outlook. The credit rating reflects the company's strong liquidity …

Abu Dhabi – Mubasher: The net profits of Insurance House (IH) declined to AED 7.831 million during the first nine months of 2021, compared to AED 8.123 million in the year-ago period, as shown by the company's interim financials for the nine-month …

Abu Dhabi – Mubasher: The net profits of Insurance House (IH) rose by 28% to AED 4.01 million during the first quarter (Q1) of 2021, compared to AED 3.14 million in the year-ago period. The insurer's net earned premiums reached AED 36.9 million in …

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Insurance House (IH) has approved cash dividend distribution, equivalent to 4% of the capital. The total value of the cash dividends stands at AED 4.75 million, according to a press …

Abu Dhabi – Mubasher: The board of Insurance House (IH) has proposed to distribute cash dividends, representing 4% of the company's capital. The total value of the cash dividend payout stands at AED 4.75 million, according to the company's …

Abu Dhabi – Mubasher: Insurance House (IH) registered net profits of AED 10.885 million in 2020, down from AED 16.166 million in 2019, according to the company's financial results for 2020. The company's net earned premiums decreased to AED …

Abu Dhabi – Mubasher: AM Best, the international credit rating agency, has maintained Insurance House's (IH) financial strength at 'B+' and long-term issuer credit rating at 'BBB-', with a stable outlook for both, for the second conscutive year.  …

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Insurance House (IH) has approved to pay out 4% cash dividends for 2019. The distribution of cash dividends will be at 4 fils per share, aggregating at a total amount of AED 4.75 million, …

Abu Dhabi – Mubasher: Insurance House (IH), listed on the Abu Dhabi Securities (ADX), revealed it generated total comprehensive income of AED 9.20 million for the first half of 2019, compared to AED 4.35 million H1-18. The company’s gross premiums …

Abu Dhabi – Mubasher:  Insurance House (IH) reported a 29.5% year-on-year jump in its comprehensive income during the first quarter of 2019. Total comprehensive income rose to AED 6.45 million in Q1-19, compared to AED 4.98 million in Q1-18, the …

Abu Dhabi – Mubasher: Insurance House (IH) on Tuesday announced that it has closed an AED 15 million perpetual bond issuance. IH is the first insurer to issue perpetual bonds in the UAE, the company said in a statement on Tuesday. “The transaction …

Abu Dhabi – Mubasher: Insurance House has recorded a 28.9% year-on-year increase in net profit during the full year of 2018, recording AED 10.64 million. Meanwhile, gross premiums written declined to AED 210.88 million at the end of the previous …

Abu Dhabi – Mubasher:  Insurance House’s net profit has more than doubled to AED 8.39 million during the first nine months of 2019, compared to AED 3.86 million in the corresponding period of the previous year. Gross premiums written dropped to …

Abu Dhabi – Mubasher: Insurance House’s net profit has more than tripled to AED 6.63 million in the first six months of 2018, compared to AED 2.11 million in the year-ago period. Gross premiums written during the period between January and June …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) and Waha Capital were among a host of companies that disclosed no ties to The Abraaj Group, its funds or its subsidiaries, on Monday. Other companies listed on the Abu Dhabi Securities Exchange …

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX)-listed company Insurance House on Sunday said that its board of directors will consider the approval of purchasing a 51.9% stake in a property owned by Finance House in Abu Dhabi.  The …

Abu Dhabi – Mubasher: Insurance House reported a 517.9% year-on-year rise in its profits during the first quarter of 2017, according to a statement. Profits reached AED 1.9 million ($517,170) in Q1-17, compared to AED 307,510 ($83,700) in Q1-16. …

Dubai – Mubasher: Unikai Foods’ board on Tuesday said it will announce the financial results for the first quarter ended 31 March 2017 on Saturday, 22 April. The foods company, listed on the Dubai Financial Market (DFM), posted profits of AED …

Abu Dhabi – Mubasher: Insurance House (IH) turned profitable in the fourth quarter of 2016, according to a bourse statement. The company generated profits of AED 690,000 ($188,000) in Q4-16, against losses AED 7.55 million ($2.05 million). In …

Abu Dhabi – Mubasher: Insurance House trimmed its losses by 14.6% year-on-year in the third quarter of 2016, according to a statement. Losses reached AED 4.09 million ($1.11 million) in Q3-16, compared to AED 4.79 million ($1.3 million) in Q3-15. …

Abu Dhabi – Mubasher: Insurance House will hold a board meeting on Tuesday, 25 October, to consider the financial statements for the third quarter of 2016, according to a bourse statement. During the second quarter this year, losses shrank 20.9% …

Abu Dhabi-Mubasher: Insurance House (IH) posted a 20.9% decline in its losses year-on-year for the second quarter of 2016, according to a bourse statement. Losses reached AED 2.2 million ($599,000) in Q2-16, compared to AED 2.78 million ($757,000) …