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 office | Next to the Equiti Metro Station P.O. Box No. 57589, Sheikh Zayed Road Umm Al Sheif, Dubai, United Arab Emirates |
Phone | +971 600522550 |
customerrelations [at] takafulemarat [dot] com | |
Website | https://takafulemarat.com |
Takaful Emarat Insurance: management
Chairman of the board of directors | Mohamed Haji AlKhoori |
CEO | Wael Al Sharif |
Takaful Emarat Insurance: share capital, shareholder’s equity and shareholding
Figures in USD2021 | 2020 | ▲ | |
Share capital | 40 833 000 | 40 833 000 | - |
Shareholder’s equity | 33 513 000 | 30 918 000 | 8.39% |
Main shareholders | % | % | |
Goldilocks Investment Company | 29.4861 | Bonyan International Investment Group Holding | 5.9193 |
Ajman Bank | 22.6667 |
Takaful Emarat Insurance: turnover and result
Figures in USD
2021 | 2020 | ▲ | |
Turnover | 158 962 000 | 167 225 000 | -4.94% |
Net result | -1 819 000 | 112 000 | -1724.11% |
Takaful Emarat Insurance: turnover breakdown per class of business
Figures in USD2021 | 2020 | ▲ | 2021% | |
Health | 130 191 000 | 139 277 000 | -6.52% | 81.9% |
Life and savings | 28 771 000 | 27 948 000 | 2.94% | 18.1% |
Total | 158 962 000 | 167 225 000 | -4.94% | 100% |
Takaful Emarat Insurance: main indicators
Figures in %2021 | 2020 | ▲ | |
Net loss ratio (1) | 91.88 | 78.71 | 4.03 |
Net management expenses ratio(1) | 38.61 | 26.94 | 43.3 |
Net combined ratio (1) | 120.49 | 105.65 | 14.05 |
Shareholder's equity / Technical reserves | 14.05 | 13.62 | 3.16 |
Shareholder's equity / Gross written premiums | 21.08 | 18.49 | 14.01 |
Net result / Gross written premiums | -1.14 | 0.07 | -1728.57 |
Net result / Shareholder's equity (ROE) | -5.43 | 0.36 | -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
Mon, 10/10/2022 - 15:46
The online magazine
Live coverage
11:54
03/28
03/28
03/28
03/28
Latest news