November 13, 2024 at 01:09 am EST
Union Insurance Company P.J.S.C. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net income was AED 9.82 million compared to net loss of AED 11.3 million a year ago. Basic earnings per share from continuing operations was AED 0.03 compared to basic loss per share from continuing operations of AED 0.034 a year ago. Diluted earnings per share from continuing operations was AED 0.03 compared to diluted loss per share from continuing operations of AED 0.034 a year ago.
For the nine months, net income was AED 22.75 million compared to AED 2.17 million a year ago. Basic earnings per share from continuing operations was AED 0.069 compared to AED 0.007 a year ago. Diluted earnings per share from continuing operations was AED 0.069 compared to AED 0.007 a year ago.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.