Hayah Insurance Co PJSC 2024 IR
The report highlights HAYAH Insurance Company's significant financial turnaround in 2024, registering a net profit of AED 4.6 million compared to a net loss of AED 5.7 million in 2023. This improvement was driven by positive underwriting results from its Group Life business, increased investment income, and strengthened governance frameworks. In sustainability, the company advanced its digitalization efforts, investing AED 2.9 million in capital expenditure and AED 4.8 million in operational expenditure to launch its digital life insurance solution. Additionally, HAYAH expanded its workforce diversity, with female employees representing 36% of the total workforce and senior management, while also increasing its Emiratization rate to 11%.
Company: Hayah Insurance Co PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: IR
Pages: 154
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Hayah Insurance Co PJSC
Integrated Report
The report highlights HAYAH Insurance Company's significant financial turnaround in 2024, registering a net profit of AED 4.6 million compared to a net loss of AED 5.7 million in 2023. This improvement was driven by positive underwriting results from its Group Life business, increased investment income, and strengthened governance frameworks. In sustainability, the company advanced its digitalization efforts, investing AED 2.9 million in capital expenditure and AED 4.8 million in operational expenditure to launch its digital life insurance solution. Additionally, HAYAH expanded its workforce diversity, with female employees representing 36% of the total workforce and senior management, while also increasing its Emiratization rate to 11%.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees