Insurance House PJSC (IH)

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Stock Statistics

Volume 110

Turnover 62.15

All data are 15 minutes late during market session

News

Photo Archive

2 January 2024 00:20 PM Insurance House’s accumulated losses exceed 89% in Q3-23

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 …

Banking and Finance

Photo Archive

24 August 2023 10:06 AM Insurance House’s accumulated losses hit AED 105.5m in H1-23

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 …

Financial Results

Photo Archive

13 June 2023 01:56 PM Insurance House’s accumulated losses hit 71% of capital

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 …

Financial Results

Photo Archive

24 January 2022 11:39 AM Insurance House maintains 'B+' financial strength rating; outlook stable

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 …

Ratings

The company's net underwriting income amounted to AED 33.816 million

4 November 2021 10:33 AM Insurance House reports lower profits in 9M

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 …

Financial Results

The insurer's net earned premiums reached AED 36.9 million

4 May 2021 01:47 PM Insurance House records 28% higher profits in Q1-21

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 …

Financial Results

The total value of the cash dividends stands at AED 4.75 million

12 April 2021 02:56 PM Insurance House's OGM approves 4% dividends

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 …

General Assembly

The total value of the cash dividend payout stands at AED 4.75m

18 March 2021 04:15 PM Insurance House's board recommends 4% dividends

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 …

The company's net earned premiums declined to AED 150.173m in 2020

11 February 2021 01:58 PM Insurance House's net profits slid to AED 11m in 2020

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 …

Financial Results

This rating reflects the company's strong liquidity level

21 December 2020 03:32 PM AM Best maintains Insurance House's financial strength at 'B+'; outlook stable

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. …

Ratings

The distribution of cash dividends will be at 4 fils per share

26 March 2020 00:46 PM Insurance House shareholders approve 4% dividends

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, …

The company’s gross premiums written stood at AED 144.66 million in H1-19

25 July 2019 11:21 AM Insurance House posts comprehensive income of AED 9.20m in H1

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 …

Financial Results

24 April 2019 06:05 PM Insurance House’s comprehensive income grows 30% in Q1

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 …

Financial Results

23 April 2019 01:53 PM Insurance House issues AED 15m perpetual bonds

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 …

Bonds

"The Company was able to register a year on year improvement"

6 February 2019 04:26 PM Insurance House posts AED 10.6m profit in 12M

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 …

Financial Results

Gross premiums written dropped to AED 165.13 million during the nine-month period ended September

4 November 2018 02:21 PM Insurance House’s profit more than doubles in 9M

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 …

Financial Results

“We will strive to sustain our significantly improved performance"

31 July 2018 01:50 PM Insurance House net profit soars in 6M

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 …

Financial Results

More ADX-listed firms confirm no Abraaj ties

9 July 2018 05:45 PM More ADX-listed firms confirm no Abraaj ties

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 …

Companies Investments

Insurance House will buy the real property for AED 40 million

24 December 2017 10:42 AM Insurance House to buy 51.9% stake in Finance House’s property

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 …

General Assembly

Insurance House's net premium increased 9.2% to AED 42.07 million in Q1-17 (Photo Credit: Arabianeye-Reuters)

25 April 2017 08:30 AM Insurance House posts higher profits in Q1

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. …

Financial Results

(Photo Credit: Company website)

18 April 2017 00:54 PM Unikai, IH set Q1 disclosure dates

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 …

Financial Results

The company generated profits of AED 690,000 ($188,000) in Q4-16 (Photo Credit: Arabianeye-Reuters)

1 February 2017 10:15 AM Insurance House swings to profits in Q4

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 …

Financial Results

Net premiums rose 38.4% year-on-year to reach AED 30.75 million in Q3-16 (Photo Credit: Arabianeye-Reuters)

26 October 2016 08:33 AM Insurance House losses down in Q3

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. …

Financial Results

losses shrank 20.9% in Q2-16 (Photo Credit: Arabianeye-Reuters)

17 October 2016 08:53 AM Insurance House to discuss financials late October

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% …

Event

Losses reached AED 1.89 million in H1-16 (Photo Credit: Arabianeye-Reuters)

27 July 2016 09:05 AM Insurance House trims losses in Q2 profits

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) …

Financial Results