Union Insurance Firm introduced that its accumulated losses have reached AED 120.70 million as of 31 December 2022.
The quantity registered on the finish of final 12 months represented a 9% decline from AED 132.80 million as of 31 December 2021, based on a bourse disclosure.
The listed firm beforehand introduced that its accumulated losses reached AED 117.86 million as of 30 June 2022.
Union Insurance anticipated to cut back its accumulated losses over the approaching three years, provided that it has taken measures to spice up the corporate’s profitability.
In 2022, the insurance coverage agency registered web income price AED 18.30 million.
Earlier within the 12 months that ended on 31 December 2021, Union Insurance logged web income of AED 13.20 million.
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