Dubai National Insurance & Reinsurance

Dubai National Insurance & Reinsurance
Company: Dubai National Insurance & Reinsurance
Date of creation: 1991
Classes of business: Life and non life insurance
Geographical presence: 1 office in Abu Dhabi & 1 branch in Beirut, Lebanon

Dubai National Insurance & Reinsurance: contact

Head officeDubai National Insurance Building, Floor 7 & 9 and Ground Floor, Opposite to Deira City Centre, Port Saeed, Deira, Dubai, P.O. Box: 1806, United Arab Emirates
Phone+971 4 5969 666
E-mailinfo [at] dni [dot] ae
Websitehttps://www.dni.ae/

Dubai National Insurance & Reinsurance: rating

AgencyRatingOutlook
AM BestB++Positive

Dubai National Insurance & Reinsurance: management

Chairman of the board of directorsKhalaf Ahmad Al Habtoor
CEOAbdulla Al Nuaimi

Dubai National Insurance & Reinsurance: share capital, shareholder’s equity and shareholding

Figures in USD
 20212020
Share capital31 441 00031 441 000-
Shareholder’s equity184 916 000137 985 00034.01%

Main shareholders%
Al Habtoor Investments28.27
Hamda Awadh Mohamed Alsh Mejran Sultan10.22
Khalaf Ahmed Al Habtoor26.03
Sultan Ahmed Al Habtoor Group7.08

Dubai National Insurance & Reinsurance: turnover and result

Figures in USD

 20212020
Turnover82 003 00086 368 000-5.05%
Net result15 354 00014 992 0002.42%

Dubai National Insurance & Reinsurance: turnover breakdown per class of business

Figures in USD
 202120202021%
Non life81 257 00085 551 000-5.02%99.09%
Life746 000817 000-8.69%0.91%
Total82 003 00086 368 000-5.05%100%

Dubai National Insurance & Reinsurance: main indicators

Figures in %
 20212020
Net loss ratio (1)36.2437.04-2.16
Net management expenses ratio (1)53.2263.45-16.13
Net combined ratio (1)89.46100.49-10.98
Shareholder's equity / Technical reserves171.33119.5443.32
Shareholder's equity / Gross written premiums225.5159.7641.15
Net result / Gross written premiums18.7217.367.83
Net result / Shareholder's equity (ROE)8.310.86-23.57

(1) Calculated only for the non life 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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