Abu Dhabi National Takaful

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Abu Dhabi National Takaful
Company: Abu Dhabi National Takaful
Date of creation: 2003
Classes of business: Life and non life
Geographical presence: 3 offices in UAE

Abu Dhabi National Takaful: contact

Head officeTamouh Tower, 25th Floor , Marina Square, Al Reem Island P.O.Box 35335 Abu Dhabi, United Arab Emirates.
Phone+971 2 4107700
E-mailceooffice [at] takaful [dot] ae
Websitehttps://takaful.ae

Abu Dhabi National Takaful: rating

AgencyRatingOutlook
AM BestAStable

Abu Dhabi National Takaful: management

Chairman of the board of directorsKhamis Buharoon Al Shamsi
CEOOsama Abdeen

Abu Dhabi National Takaful: share capital, shareholder’s equity and shareholding

Figures in USD
 20212020▲
Share capital27 222 00027 222 000-
Shareholder’s equity140 470 000119 588 00017.46%
Main shareholders% %
Abu Dhabi Islamic Bank PJSC41.6642East and West International Group11.7265
Tasameem Real Estate Co LLC26.9744Bond Investments Ltd5.0499

Abu Dhabi National Takaful: turnover and result

Figures in USD

 20212020▲
Turnover84 654 000101 897 000-16.92%
Net result23 962 00021 341 00012.28%

Abu Dhabi National Takaful: main indicators

Figures in %
 20212020▲
Net loss ratio (1)51.8736.3342.77
Management expenses ratio41.14-61.42-165.91
Net combined ratio (1)93.01--
Shareholder's equity / Technical reserves62.7948.7328.85
Shareholder's equity / Gross written premiums165.93117.3641.39
Net result / Gross written premiums28.3120.9435.20
Net result / Shareholder's equity (ROE)17.0617.85-4.43

(1) Calculated only for the non life activity.

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, 18/10/2022 - 12:07
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