Abu Dhabi – Mubasher: Union Insurance Company, listed on the Abu Dhabi Securities Exchange (ADX), achieved a 79.35% growth in net profit to AED 25.224 million during the nine-month period ended on 30 September, up from AED 14.064 million a year earlier.

Earnings per share (EPS) recorded AED 0.076 in the January-September period of the year from AED 0.043 in the year-ago period, according to a bourse statement on Tuesday.

The firm’s gross insurance premium revenue retreated to AED 720.953 million over the period ended 30 September from AED 722.255 million a year earlier.

It is worth mentioning that during the first half of 2019, the company posted a net profit of AED 19.62 million, versus AED 9.025 million in H1-18.