Hayah Insurance

	Company: Hayah Insurance^*
	Date of creation:2008
	Classes of business: Health and life

^*Previously named AXA Green Crescent Insurance.

Hayah Insurance: contact

Head office	16^th Floor, Sheikh Sultan Bin Hamdan Building, Corniche Road, PO Box 63323 Abu Dhabi, United Arab Emirates
Phone	+971 2 4084700
E-mail	compliance [at] hayah [dot] com
Website	https://hayah.com/

Chairman of the board of directors	Mishal Kanoo
CEO	Mohamed Seghir

Figures in USD

Main shareholders	%
Kanoo Group LLC	28.05
Jassim Mohammed Rafi Alseddiqi	10.5685
Gulf Insurance Group KSC	28.05

Figures in USD

Figures in USD

Figures in %

	2021	2020	▲
Net loss ratio ⁽¹⁾	60.55	42.18	43.55
Net management expenses ratio	39	55.85	-30.17
Net combined ratio	99.55	98.03	1.55
Shareholder's equity / Technical reserves	257.93	293.98	-12.26
Shareholder's equity / Gross written premiums	239.89	295.12	-18.71
Net result / Gross written premiums	2.27	5.32	-57.33
Net result / Shareholder's equity (ROE)	0.95	1.8	-47.22

⁽¹⁾ Calculated only for health activity.

Notes:

Loss ratio = Net incurred losses (paid losses+outstanding losses ) / Net earned premiums
Net management expenses ratio = Overhead expenses and acquisition costs / Net written premiums
Net combined ratio = Loss ratio + Management expenses ratio

Exchange rate as at 31/12/2020 : 1 AED = 0.27222 USD ; at 31/12/2021 : 1 AED = 0.27222 USD

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Tue, 18/10/2022 - 11:55