Dubai, UAE - Union Insurance, one of the leading providers of innovative insurance solutions focused on individual and corporate clients in the UAE, today announced its financial results for the first quarter ended 31 March 2026. The period witnessed continued growth in the core insurance business and a significant improvement in technical and investment returns, reflecting the company’s disciplined underwriting approach and strong support from reinsurers .

Key financial indicators :

• A 24% increase in total insurance premiums written during the first quarter of 2026, rising from AED 196 million in the first quarter of 2025 to AED 243 million .
• A 21 % increase in net underwriting and investment profits, rising from AED 15.2 million in the first quarter of 2025 to AED 18.4 million in the same period of 2026 .
• Insurance revenues grew by 16%, rising from AED 144 million in the first quarter of 2025 to AED 167 million in the first quarter of 2026, in accordance with International Financial Reporting Standard 17 (IFRS 17).
• An 8 % increase in net profit after tax, from AED 13 million in the first quarter of 2025 to AED 14.1 million in the first quarter of 2026 .

This quarter's results reflect the effectiveness of the company's underwriting strategy, confirming its ability to deliver sustainable value to shareholders. This strong performance reinforces the company's growth aspirations and solidifies its position as a trusted provider that continuously strives to enhance the policyholder experience .

About Union Insurance Company

Union Insurance Company was established in 1998 and is listed on the Abu Dhabi Securities Exchange. It is regulated by the Central Bank of the UAE and has a paid-up capital exceeding AED 250 million. The company offers a wide range of individual and commercial insurance products to its customers in the UAE.

For more information, please contact Reham Osama or Sarah Mohamed at the number provided.

Via email:

riham.o@unioninsurance.ae or sara.m@unioninsurance.ae

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