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Union Insurance’s Q1 net income up 23-fold

: Monday, June 02 - 2014 @ 01:43

UAE-based Union Insurance Co has reported a more than 23-fold surge in its first-quarter net profit to Dhs60m, compared with Dhs2.5m in the same quarter a year ago, Khaleej Times has reported. Gross insurance premium jumped 45% to Dhs139.1m as of March 31, compared with Dhs96.2m for the same period last year. Total assets increased from Dhs688m at first quarter-end 2013 to Dhs878m as of March 31, 2014, the firm said.

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Monday, June 2- 2014 @ 1:43 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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