Al Ain Ahlia Insurance
Company: Al Ain Ahlia Insurance Company | |
Date of creation: 1975 | |
Classes of business: Life and non-life | |
Geographical presence: 11 branches in UAE |
Al Ain Ahlia Insurance: contact
Head office | Airport Road, Behind Al Jazira Sports Club - Abu Dhabi - UAE |
Phone | + 971 2 611 9999 |
info [at] alaininsurance [dot] com | |
Website | https://alaininsurance.com/ |
Al Ain Ahlia Insurance: rating
Agency | Rating | Outlook |
Moody's | A3 | Stable |
Al Ain Ahlia Insurance: management
Chairman of the board of directors | Mohamed Jouan Rashed Al Badi Al Dhaeri |
CEO | Mohammad Mazhar Hamadeh |
Al Ain Ahlia Insurance: share capital, shareholder’s equity and shareholding
Figures in USD2021 | 2020 | ▲ | |
Share capital | 40 833 000 | 40 833 000 | - |
Shareholder’s equity | 354 144 000 | 318 631 000 | 11% |
Main shareholders | % |
Mamoura Diversified Global Holding PJSC | 19.703 |
Mohamed Jouan Rashed Al Badi Al Dhaheri | 10.282 |
Khaled Mohamed Jouan Al Bdi Al Dhaheri | 5.455 |
Al Ain Ahlia Insurance: turnover and result
Figures in USD
2021 | 2020 | ▲ | |
Turnover | 328 350 947 | 328 582 607 | -0.07% |
Net result | 22 663 937 | 20 681 917 | 9.58% |
Al Ain Ahlia Insurance: turnover breakdown per class of business
Figures in USD2021 | 2020 | ▲ | 2021% | |
Motor | 24 901 597 | 42 401 532 | -41.27% | 7.58% |
Fire | 46 164 973 | 38 683 006 | 19.34% | 14.06% |
Other property damage | 40 461 964 | 34 733 366 | 16.49% | 12.32% |
Energy | 27 471 354 | 21 543 491 | 27.52% | 8.37% |
Engineering | 12 990 611 | 13 189 876 | -1.51% | 3.96% |
General third party liability | 9 964 069 | 8 184 567 | 21.74% | 3.03% |
Marine and aviation | 13 585 139 | 11 660 544 | 16.51% | 4.14% |
Marine cargo | 4 190 282 | 3 808 630 | 10.02% | 1.28% |
Marine hull | 4 372 125 | 3 751 192 | 16.55% | 1.33% |
Aviation | 5 022 731 | 4 100 722 | 22.48% | 1.53% |
Health and bodily injury | 175 088 093 | 174 093 673 | 0.57% | 53.32% |
Miscellaneous risks | 17 754 188 | 18 327 212 | -3.13% | 5.41% |
Accidents | 13 693 483 | 12 115 423 | 13.03% | 4.17% |
Miscellaneous | 4 060 706 | 6 211 788 | -34.63% | 1.24% |
Total non life | 327 920 023 | 328 083 900 | -0.05% | 99.87% |
Life | 430 924 | 498 707 | -13.59% | 0.13% |
Grand total | 328 350 947 | 328 582 607 | -0.07% | 100% |
Al Ain Ahlia Insurance: main indicators
Figures in %2021 | 2020 | ▲ | |
Net loss ratio (1) | 46.89 | 42.36 | 10.71 |
Management expenses ratio (1) | 58.38 | 52.42 | 11.36 |
Combined ratio (1) | 105.25 | 94.78 | 11.07 |
Shareholder's equity / Technical reserves | 77.13 | 73.62 | 4.77 |
Shareholder's equity / Gross written premiums | 107.86 | 96.97 | 11.22 |
Net result / Gross written premiums | 6.90 | 6.29 | 9.66 |
Net result / Shareholder's equity (ROE) | 6.40 | 6.49 | -1.41 |
(1) Calculated for the life and non life activities
Notes:
- Net loss ratio = Net incurred losses (paid losses+outstanding losses ) / Net earned premiums
- 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, 25/10/2022 - 09:47
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