CHAIRMAN’s
STATEMENT

On behalf of the board of directors,
I present to you the sixth Annual report
of Insurance House (IH).

First and foremost, I would like to thank our founders, shareholders and all those who helped further develop and grow Insurance House into the enterprise it is today, one that is focused on exceeding customers’ expectations and maximizing shareholders’ wealth.

During 2017, IH has demonstrated a remarkable turnaround in its business operations by registering a Net Profit of AED 8.12 million for the twelve months ended 31 December 2017, compared to a Net Loss of AED 19.04 million registered in the previous year. This is a very encouraging sign for the Company, and augurs well for sustained profitable growth in the near future.

Mohammed Abdulla Jumaa Alqubaisi

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MISSION
STATEMENT

TO BE Alert to our clients’ needs by providing out-of-the-box insurance solutions through experienced and dedicated staff.

VISION
STATEMENT

insurance house aspires to be a leader in its domain by providing superior insurance solutions to its clients in the UAE market.

BOARD OF DIRECTORS

STATEMENT OF FINANCIAL POSITION

Insurance House P.S.C. (IH) has demonstrated a remarkable turnaround in its business operations by registering a Net Profit of AED 8.12 million for the twelve months ended 31 December 2017, compared to a Net Loss of AED 19.04 million registered in the previous year. This is a very encouraging sign for the Company, and augurs well for sustained profitable growth in the near future.

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STATEMENT
OF INCOME



NET PROFITS/LOSS (AED Millions)

NET UNDERWRITING INCOME (AED Millions)

NOTES TO
FINANCIAL
STATEMENTS

Insurance House P.S.C is a Public Joint – Stock company registered and incorporated in the Emirate of Abu Dhabi, United Arab Emirates and is engaged in providing all classes of non-life insurance solutions in accordance with UAE Federal Law No 6 of 2007. The Company was established on 8 December 2010 and commenced its operations on 10 April 2011. The Company performs its activities through its head office in Abu Dhabi and branches located in Al Samha, Dubai, Sharjah, Al Mussafah, Mahawi and Motor World.

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