Union Insurance Co PJSC 2024 IR
The report highlights Union Insurance Company's financial and operational performance for the fiscal year 2024, showcasing a net profit after tax of AED 38.3 million compared to a net loss in 2023. The company integrated environmental, social, and governance (ESG) factors into its business strategies and achieved an Emiratization rate of 20.83%. Key sustainability initiatives included digital transformation to reduce paper usage, energy efficiency measures, and community health programs like the Balsam platform. Additionally, Fitch Ratings assigned the company a first-time Insurer Financial Strength Rating of 'BBB' with a Positive Outlook.
Company: Union Insurance Co PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: IR
Pages: 144
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Union Insurance Co PJSC
Integrated Report
The report highlights Union Insurance Company's financial and operational performance for the fiscal year 2024, showcasing a net profit after tax of AED 38.3 million compared to a net loss in 2023. The company integrated environmental, social, and governance (ESG) factors into its business strategies and achieved an Emiratization rate of 20.83%. Key sustainability initiatives included digital transformation to reduce paper usage, energy efficiency measures, and community health programs like the Balsam platform. Additionally, Fitch Ratings assigned the company a first-time Insurer Financial Strength Rating of 'BBB' with a Positive Outlook.
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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
Women on Board
Employees