Takaful Emarat Insurance

Takaful Emarat Insurance
Company: Takaful Emarat Insurance
Date of creation:2008
Classes of business: Life and health takaful
Geographical presence:2 offices in UAE

Takaful Emarat Insurance: contact

Head officeNext to the Equiti Metro Station P.O. Box No. 57589, Sheikh Zayed Road Umm Al Sheif, Dubai, United Arab Emirates
Phone+971 600522550
E-mailcustomerrelations [at] takafulemarat [dot] com
Websitehttps://takafulemarat.com

Takaful Emarat Insurance: management

Chairman of the board of directorsMohamed Haji AlKhoori
CEOWael Al Sharif

Takaful Emarat Insurance: share capital, shareholder’s equity and shareholding

Figures in USD
 20212020
Share capital40 833 00040 833 000-
Shareholder’s equity33 513 00030 918 0008.39%
Main shareholders% %
Goldilocks Investment Company29.4861Bonyan International Investment Group Holding5.9193
Ajman Bank22.6667  

Takaful Emarat Insurance: turnover and result

Figures in USD

 20212020
Turnover158 962 000167 225 000-4.94%
Net result-1 819 000112 000-1724.11%

Takaful Emarat Insurance: turnover breakdown per class of business

Figures in USD
 202120202021%
Health130 191 000139 277 000-6.52%81.9%
Life and savings28 771 00027 948 0002.94%18.1%
Total158 962 000167 225 000-4.94%100%

Takaful Emarat Insurance: main indicators

Figures in %
 20212020
Net loss ratio (1)91.8878.714.03
Net management expenses ratio(1)38.6126.9443.3
Net combined ratio (1)120.49105.6514.05
Shareholder's equity / Technical reserves14.0513.623.16
Shareholder's equity / Gross written premiums21.0818.4914.01
Net result / Gross written premiums-1.140.07-1728.57
Net result / Shareholder's equity (ROE)-5.430.36-1608.33

(1) Calculated only for the health class of business

Notes:

  • Net 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 = Net 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

0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits