Emirates Insurance Company P.J.S.C. — Cyborg Score 7/10
Strong
General Insurance & Reinsurance
Strategic Profile
EIC is a publicly listed company on the Abu Dhabi Securities Exchange (ADX), with A- credit ratings from both S&P Global Ratings and AM Best. EIC has an authorized and issued share capital of AED 150 million, with assets in excess of AED 2.4 billion. The company maintains a diversified product portfolio serving both individual and corporate clients across motor, marine, property, energy, and health insurance segments with 30+ UAE offices.
Cyborg Score Rationale
In 2024, revenue increased 9.12% to AED 615.91 million, though earnings declined 12.31% to AED 110.75 million. The company maintains strong financial standing with investment-grade credit ratings and a solid dividend yield, but faces typical insurance industry headwinds with margin compression.
Top Insights
Holds A- credit ratings from S&P Global Ratings and AM Best, indicating strong financial stability
Market capitalization of AED 1.09 billion as of March 2026
Pays annual dividends with recent dividend per share of AED 0.50
Employs over 250 experts in the organization
Named Competitors
General Insurance — Multi-line insurance provider listed on ADX
General Insurance — UAE-based insurance provider with marine and energy focus
General Insurance — Regional GCC insurance provider
Recent Developments
(2024) Revenue growth of 9.12% to AED 615.91 million, though net earnings declined 12.31%
(2023) Net profit reached AED 141.7 million with gross written premium reaching AED 1.13 billion
(2023) Company continues ESG reporting alignment with ADX sustainability guidelines
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