Emirates Insurance Co.
AADX:EIC7.41
AED
0.00
(0.00%)
Emirates Insurance Co.
ADX:EIC
(Abu Dhabi Securities Exchange)
Recent
price
7.41
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Emirates Insurance Company P.J.S.C. (ADX: EIC) is a United Arab Emirates-based multi-line insurance and reinsurance provider engaged in underwriting general insurance risks and managing associated investment portfolios. Founded in 1982 and headquartered in Abu Dhabi, United Arab Emirates, the company serves individual, commercial, and institutional clients through an extensive branch network across Abu Dhabi, Dubai, and Al Ain, along with operations in the Dubai International Financial Centre (DIFC). The company operates through two core business segments: Underwriting and Investments. Its Underwriting segment is structured into Commercial Lines and Personal Lines. The company's core commercial solutions comprise property insurance, including property all risks, fire and allied perils, business interruption, and political violence, terrorism, and sabotage coverage; engineering and construction insurance, including contractors all risks, erection all risks, machinery breakdown, contractors plant and equipment, and electronic equipment; energy insurance, covering onshore and offshore oil, gas, and petrochemical assets; marine and aviation insurance, including marine cargo, marine hull and machinery, freight forwarding liability, and aviation hull and liabilities; liability insurance, encompassing public liability, comprehensive general liability, product liability, workmen compensation, employer liability, directors and officers liability, and professional indemnity; specialty lines, including cyber risk protection; group life and employee medical benefit schemes; and packaged enterprise solutions tailored for small and medium-sized enterprises in the retail, hospitality, and jewelry sectors. The company's personal lines portfolio encompasses motor insurance, providing comprehensive vehicle coverage and compulsory third-party liability; personal medical and health insurance; home and contents protection; pleasure craft and yacht insurance; personal accident coverage; travel insurance; and bespoke high-net-worth protection under its Elite Club brand. In addition to direct domestic insurance, the company offers international inward and outward reinsurance services across regional and global markets through treaty and facultative arrangements. In recent corporate developments, Emirates Insurance Company executed a major capital restructuring in 2025 through the buyback of approximately 17.7 million shares (representing 11.81% of its share capital) from Al Mamoura Diversified Global Holding Company for subsequent redistribution to shareholders. Credit rating agencies AM Best and S&P Global Ratings affirmed the company's Financial Strength Rating of A- (Excellent) with a stable outlook in 2024 and 2026, reflecting its balance sheet strength and underwriting discipline. Operationally, the company has expanded its digital distribution and broker servicing infrastructure through enhanced online policy and claims management platforms while reinforcing risk management frameworks under IFRS 17 standards.