Al Ain Ahlia

Established in 1957, Al Ain Ahlia is one of the United Arab Emirates' first five companies. With a turnover of approximately 190 million USD in 2008, Al Ain Ahlia is one of the insurance pillars of Abu Dhabi whose government detains 19.7% of its capital. This proximity with the authorities provides it with a clear advantage over the other companies of the Federation.

On the local market, Al Ain Ahlia is renowned for its technical expertise in the engineering and energy classes of business in which it became one of the biggest specialists. A number of infrastructure and skyscrapers projects along with industrial risks are insured at the company.

Mr Mohamed Mazhar Hamadeh

General manager

Such level of specialization could not have been achieved without the establishment of top-level technical team. In fact, the development of the company rests on a sound financial foundation. Throughout the years, Al Ain Ahlia has managed to set up its war chest. Its shareholders' equity represents the double of its yearly turnover. This wealth enables it to easily face the international financial crisis whose repercussions on the region have been severely felt.

Main technical highlights 2004-2008

in USD

	2004	2005	2006	2007	2008
Gross written premiums	105 281 109	132 103 479	149 348 750	172 952 229	189 709 796
Ceded reinsurance premiums	79 065 120	93 164 093	96 862 078	105 364 965	111 771 968
Premiums net of reinsurance	26 215 989	38 939 386	52 486 672	67 587 264	77 937 828
Net earned premiums	23 306 118	34 063 036	46 848 744	61 424 499	74 245 070
Net incurred losses	16 316 706	22 299 470	32 909 838	47 095 838	70 228 679
Net loss ratio	70.0%	65.5%	70.2%	76.7%	94.6%
Administrative expenses	4 674 130	4 461 855	7 254 865	9 109 104	9 321 186
Underwriting result	13 715 520	19 798 391	20 359 321	21 570 740	14 887 203
Net result	28 626 118	78 746 984	49 871 940	56 718 265	39 187 896
Net investment & other income	20 851 151	64 475 489	38 250 698	44 759 332	29 226 357

Premiums, losses and results' evolution

in thousands USD

Turnover's evolution per class of business: 2004-2008

in thousands USD

	Marine	Fire and accident	Total
2004
Turnover	7 537 309	97 743 800	105 281 109
Share	7.2%	92.8%	100%
2005
Turnover	7 500 071	124 603 408	132 103 479
Share	5.7%	94.3%	100%
2006
Turnover	11 360 919	137 987 831	149 348 750
Share	7.6%	92.4%	100%
2007
Turnover	12 009 132	160 943 097	172 952 229
Share	6.9%	93.1%	100%
2008
Turnover	9 110 671	180 599 125	189 709 796
Share	4.8%	95.2%	100%
2007/2008 growth	-24.1%	12.2%	9.7%

Cession and retention rates: 2004-2008

in % of written premiums

Loss ratio 's evolution: 2004-2008		Overhead expenses: 2004-2008

Exchange rate AED/USD as at 31/12	2004	2005	2006	2007	2008
	0.27229	0.27233	0.27234	0.27232	0.27239