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Fitch Ratings has affirmed Union Insurance Company’s “BBB+” Financial Strength Rating, with a stable outlook.
The United Arab Emirates-based insurer’s rating reflects its strong financial performance and capitalization, supported by good reinsurance protection.
Union Insurance is a mid-sized insurance company that reported insurance revenue of 615 million AED (167.4 million USD) in 2025, according to Fitch Ratings. The company maintained a strong return on equity (ROE), which reached 17.3% in 2025, compared with 17.1% in 2024.
Union Insurance continued to deliver solid results in 2026, reporting a net profit of 26 million AED (7.1 million USD) in the first half of the year, up 13% from the same period a year earlier.
