Union Insurance Company announced, in a statement to the Abu Dhabi Securities Exchange (ADX), that the Company’s Board of Directors will convene on Wednesday, August 13, 2014 to discuss the Company’s financials for the second quarter of 2014.

Union Insurance had reported a net profit of AED 60 million during Q1-14, compared to AED 2.54 million during Q1-13, recording a profit leap by 2261%.