Last 1.20 AED
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IH On Other Exchanges
Abu Dhabi
As of 6:00 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

insurance house (IH) Snapshot

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11/7/13 - 1.55
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insurance house (IH) Details

Insurance House – P.S.C. provides various non-life insurance products and services in the United Arab Emirates. The company operates in the Underwriting of General Insurance Business and Investments. It offers private and commercial motor insurance; engineering insurance products, including contractor's all risk, erection all risks, contractor's plant, boilers and pressure vessels, machinery breakdown, LOP - machinery breakdown, electronic equipments, and deterioration of stock; marine insurance products comprising cargo in transit and pleasure yachts, as well as hull, machinery, and liabilities; and group health insurance. The company also provides individual and group personal accident, and travel assist insurance products; aviation insurance; insurance products for energy sector exposures; and property and casualty insurance products, such as fire and allied perils, public and product liability, personal accident, property all risks, professional indemnity, medical malpractice, banker's blanket bond, fidelity, workmen’s compensation, jeweller's block, business interruption, and money. In addition, it offers household, advance loss of profit, burglary, protection and indemnity, contingency, travel, and live stock insurance products. The company was founded in 2010 and is headquartered in Abu Dhabi, the United Arab Emirates.

Founded in 2010

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insurance house (IH) Key Developments

Insurance House PSC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Insurance House PSC reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported premium income earned of AED 40,850,711 compared to AED 33,720,259 a year ago. Net earned premiums were AED 31,112,057 compared to AED 25,287,245 a year ago. Profit for the period was AED 4,213,951 or AED 0.0351 per share compared to AED 5,777,431 or AED 0.0481 per share a year ago. Net cash used in operations was AED 16,915,322 compared to AED 4,211,933 a year ago. Purchase of property and equipment was AED 378,189 compared to AED 539,642 a year ago.

Insurance House PSC Announces Financial Results for the First Quarter Ended March 31, 2014

Insurance House PSC announced financial results for the first quarter ended March 31, 2014. For the quarter, the company reported total comprehensive profit of AED 4.49 million during the first quarter ending 31 March 2014, nearly 29% higher than the total comprehensive profit of AED 3.48 million registered in the corresponding quarter last year. Gross Premiums Written during first quarter of 2014 totaled AED 38.07 million, nearly 65% higher than the AED 23.12 million written during the first quarter of the previous year. Net Earned Premiums during the quarter were up by 68% to AED 22.55 million, compared to AED 13.42 million in the same quarter of the previous year. Net Underwriting Profit after Operating expenses was AED 647K, due to pay-outs arising from higher claims compared to the same period of the previous year. Underwriting Profit from core insurance business was complemented by robust returns generated from a diversified and professionally managed proprietary investment portfolio. Income from investing activities during the reporting period soared to AED 9.26 million, compared to AED 2.45 million during the same quarter of the previous year.

Insurance House PSC, Annual General Meeting, Mar 05, 2014

Insurance House PSC, Annual General Meeting, Mar 05, 2014., at 18:30 Indian Standard Time. Location: Emirates Institute for Banking & Financial Studies. Agenda: To consider and take knowledge of the board of directors' annual report regarding the activities of the company and its financial results for the financial year ended on 31 December 2013 and to adopt it; to consider the auditor's report for the financial year ended on 31 December 2013 and to adopt it; to discuss the balance sheet and the profit and loss account of the company for the financial year ended on 31 December 2013 and to adopt it; to discuss the recommendations of the board of directors not to distribute cash dividends to the shareholders; to discharge the directors and the auditors of the company from their liability for the financial year ended on 31 December 2013; and to nominate the auditors of the company for the financial year 2014 and fix their remuneration.


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Valuation IH Industry Range
Price/Earnings 18.0x
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow 16.1x
TEV/Sales 0.5x

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