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United Insurance Company (Closed Shareholding Company) (Syria)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: United Insurance Company (Closed Shareholding Company) Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

United Insurance Company (UIC) was incorporated in 2006 by a group of Syrian and Arab businessmen with a paid up capital of SYP 850,000,000. UIC received license number 1 from the Syrian Insurance Supervisory Commission. The main aim of UIC is increasing the insurance awareness in Syria and provides a wide range of insurance product, including life insurance, motor insurance, medical Insurance, properties insurance, liabilities & general insurance, accidents insurance, travel insurance, marine insurance. UIC is the first private insurance company in the country.

Headquarters
Abu Roumaneh, Dama Rose Hotel Entrance - In Front Of Al Diafah Palace, Po.Box : 4419
Damascus; Damascus Governorate‎;

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Website: http://www.uic.com.sy

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2006
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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18.4%
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7%
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6.5%
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5%
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5%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SYP. Absolute financial data is included in the purchased report.
Net insurance premium revenue
52.46%
Operating profit (EBIT)
-23.2%
Net Profit (Loss) for the Period
534.67%
Total assets
160.45%
Investments
149.7%
Receivables
153.37%
Total equity
227.45%
Net Premiums Earned Trend
-200.49%
Net Profit Trend
418.46%
Return on Equity (ROE)
26.5%
Loss Ratio
-16.25%
Underwriting Expenses Ratio
4.53%

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