Bahrain 2011

Magazine Issue:

Crisis exit [3]

Magazine date:

Nov 2012

Turnover 2011

in USD

	2010 turnover	2011 turnover	2010/11 growth	Shares 2011
Traditional companies
Bahrain Kuwait Insurance	61 013 966	63 515 479	4.09%	11.11%
Life Ins. Corporation Inter	58 065 028	53 401 855	-8.03%	9.34%
Axa Insurance (Gulf)	38 045 820	42 080 236	10.60%	7.36%
Bahrain National Insurance	42 212 159	39 722 785	-5.89%	6.94%
Gulf Union Ins. & Re	34 742 584	34 813 646	0.20%	6.09%
Al Ahlia Insurance	30 613 539	29 614 481	-3.26%	5.18%
Saudi National Insurance	29 041 838	28 249 501	-2.72%	4.94%
Bahrain National Life Assurance	13 106 388	13 828 074	5.50%	2.42%
United Insurance	14 627 475	11 518 517	-21.25%	2.01%
Mediterranean & Gulf Ins & Re	7 605 435	7 782 782	2.33%	1.36%
Saudi Arabian Insurance	2 493 410	2 788 497	11.83%	0.49%
Legal & General Gulf	431 552	1 753 454	306.31%	0.30%
Total	331 999 194	329 069 307	-0.88%	57.54%
Takaful companies
Takaful International	40 083 703	42 181 345	5.23%	7.38%
Solidarity General Takaful	19 198 727	24 519 088	27.71%	4.29%
T'azur Company	15 040 379	22 278 711	48.12%	3.89%
Medgulf Allianz Takaful	14 211 907	12 417 860	-12.62%	2.17%
Chartis Takaful-Enaya	3 279 261	3 435 067	4.75%	0.60%
Solidarity Family Takaful¹	10 628 961	1 732 168	-83.70%	0.30%
Legal & General Gulf Takaful	250 407	383 152	53.01%	0.07%
Total	102 693 345	106 947 391	4.14%	18.70%
Total national companies	434 692 539	436 016 698	0.30%	76.24%
Foreign companies
American Life Insurance	42 007 039	47 681 178	13.50%	8.34%
Ace American Insurance	29 689 166	37 711 235	27.02%	6.59%
Zurich International Life	28 631 597	25 144 371	-12.17%	4.40%
New India Assurance	11 334 895	12 236 927	7.95%	2.14%
Arabia Insurance Company	5 586 198	5 547 726	-0.68%	0.97%
Royal & Sun Alliance Ins.	5 714 066	5 151 270	-9.84%	0.90%
Iran Insurance Company	3 052 829	2 293 592	-24.86%	0.40%
Zurich Insurance Company	-	133 039	0.00%	0.02%
Total	126 015 790	135 899 338	7.84%	23.76%
Grand total	560 708 329	571 916 036	1.99%	100%

¹ In liquidation

2011 turnover per company and per class of business

in USD

	Property damage	Marine	Motor	Health	Other	Total non life	Life	Grand total
Traditional companies
Bahrain Kuwait	39 360 919	3 818 219	13 045 804	3 855 470	3435067	63 515 479	-	63 515 479
Life Ins. Corp	-	-	-	-	-	-	53 401 855	53 401 855
Axa Insurance	8 905 631	2 817 766	12 659 991	11 454 658	6 242 190	42 080 236	-	42 080 236
Bahrain National Ins.	10 363 738	1 857 224	25 617 991	-	1 883 832	39 722 785	-	39 722 785
Gulf Union Ins. & Re	5 710 034	814 199	24 266 314	4 023 099	-	34 813 646	-	34 813 646
Al Ahlia Ins.	3 584 071	4 100 262	8 996 096	9 230 246	3703806	29 614 481	-	29 614 481
Saudi National Ins.	15 046 711	228 827	1 306 443	8 394 761	3272759	28 249 501	-	28 249 501
Bahrain National Life	-	-	-	8 849 755	-	8 849 755	4 978 319	13 828 074
United Insurance	-	-	11 518 517	-	-	11 518 517	-	11 518 517
Mediterranean & GulfIns & Re	228 827	23 947	5 664 801	1 569 860	295 347	7 782 782	-	7 782 782
Saudi Arabian Ins.	63 859	2 661	2 711 334	-	10 643	2 788 497	-	2 788 497
Legal & General Gulf	-	-	-	-	-	-	1 753 454	1 753 454
Total	83 263 790	13 663 105	105 787 291	47 377 849	18 843 644	268 935 679	60 133 628	329 069 307
Takaful companies
Takaful International	9 131 797	2 338 826	12 803 673	11 199 223	3 602 696	39 076 215	3 105 130	42 181 345
Solidarity General	8 110 057	407 099	8 139 327	5 042 178	2 820 427	24 519 088	-	24 519 088
T'azur Company	3 065 219	247 453	6 981 886	10 597 887	417 742	21 310 187	968 524	22 278 711
Medgulf Allianz	1 082 937	500 226	569 407	4 829 316	1 154 779	8 136 665	4 281 195	12 417 860
Chartis Takaful-Enaya	848 789	29 269	611 979	-	1 945 030	3 435 067	-	3 435 067
Solidarity Family	-	-	-	-	-	-	1 732 168	1 732 168
Legal & General Gulf	-	-	-	-	-	-	383 152	383 152
Total	22 238 799	3 522 873	29 106 272	31 668 604	9 940 674	96 477 222	10 470 169	106 947 391
Total national companies	105 502 589	17 185 978	134 893 563	31 668 604	28 784 318	365 412 901	70 603 797	436 016 698
Foreign companies
American Life Ins.	-	-	-	13 527 406	-	13 527 406	34 153 772	47 681 178
Ace American Ins.	31 242 879	212 862	-	-	6 255 494	37 711 235	-	37 711 235
Zurich International Life	-	-	-	-	-	-	25144371	25 144 371
New India Assurance	7 298 520	949 898	3 336 618	-	651 891	12 236 927	-	12 236 927
Arabia Insurance Co.	1 024 400	178 272	4 047 046	149 004	-	5 398 722	149 004	5 547 726
Royal &Sun Alliance	1 218 637	242 131	3 701 145	-10 643	-	5 151 270	-	5 151 270
Iran Insurance Co	191 576	26 608	2 032 836	-	42 572	2 293 592	-	2 293 592
Zurich Insurance	133 039	0	-	-	-	133 039	-	133 039
Total	41 109 051	1 609 771	13 117 645	13 665 767	6 949 957	76 452 191	59 447 147	135 899 338
Total	146 611 640	18 795 749	148 011 208	45 334 371	35 734 275	441 865 092	130 050 944	571 916 036

¹ In liquidation

Exchange rate BHD/USD as at 31/12	2010	2011
Exchange rate BHD/USD as at 31/12	2.66390	2.66078