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Union Insurance Co (ADX:UNION) Gross-Profit-to-Asset % : 16.53% (As of Mar. 2024)


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What is Union Insurance Co Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Union Insurance Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was د.إ255.2 Mil. Union Insurance Co's average Total Assets over the quarter that ended in Mar. 2024 was د.إ1,543.6 Mil. Therefore, Union Insurance Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 16.53%.


Union Insurance Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Union Insurance Co's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Union Insurance Co Gross-Profit-to-Asset % Chart

Union Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.38 23.30 25.22 18.28 15.64

Union Insurance Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.07 12.84 16.37 17.38 16.53

Competitive Comparison of Union Insurance Co's Gross-Profit-to-Asset %

For the Insurance - Diversified subindustry, Union Insurance Co's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Union Insurance Co's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Union Insurance Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Union Insurance Co's Gross-Profit-to-Asset % falls into.



Union Insurance Co Gross-Profit-to-Asset % Calculation

Union Insurance Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=235.546/( (1505.487+1506.819)/ 2 )
=235.546/1506.153
=15.64 %

Union Insurance Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=255.196/( (1506.819+1580.387)/ 2 )
=255.196/1543.603
=16.53 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Union Insurance Co Gross-Profit-to-Asset % Related Terms

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Union Insurance Co (ADX:UNION) Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Road, P.O Box 119227, Single Business Tower, Dubai, ARE
Union Insurance Co is a UAE-based insurance company. It is engaged in the underwriting of all types of insurance. It operates in two segments, including the General Insurance and Life assurance segment. The general insurance segment includes auto, marine, engineering, corporate travel, employee benefit, healthcare, fire, and general accident insurance. The life segment includes group life, credit life, and individual life. The company generates the majority of its revenue from the General insurance segment. The geographical segments include the United Arab Emirates, GCC Countries, and Others.

Union Insurance Co (ADX:UNION) Headlines

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