UAE: 2016-2017 turnover of the local insurers

Magazine Issue:

Magazine date:

Nov 2018

In thousands USD

	Gross written premiums		Net profit		Equity
Compagny	2017	2016	2017	2016	2017	2016
Daman National Health	1 280 000	1 250 000	NA	NA	NA	NA
Orient Insurance	1 097 300	728 340	98 100	85 560	688 560	696 730
Oman Insurance Compagny	1 013 080	968 670	28 340	21 530	561 580	533 250
Adnic	721 000	647 140	61 900	55 860	538 420	480 930
Al Ain Alahlia	378 210	262 670	13 630	16 890	319 080	317 440
Emirates Insurance	293 460	278 470	29 970	23 700	294 000	286 920
Union Insurance	286 000	238 970	2 800	- 2 800	84 200	81 200
Salama Islamic Arab Ins	220 430	212 530	10 350	- 47 680	219 890	209 000
Takaful Emarat	159 130	154 770	5 180	4 090	40 600	38 700
National General Insurance	155 850	149 860	10 080	7 630	126 700	122 070
Noor Takaful	145 000	138 000	5 200	4 400	NA	NA
Buhaira National	144 400	191 550	14 160	11 700	180 900	172 750
Dubai Insurance	129 700	109 000	10 360	10 080	129 430	132 150
Rak National	128 610	113 350	8 720	6 270	68 940	64 030
Al Dhafra Insurance	113 100	91 560	14 170	6 000	93 200	84 740
Methaq Takaful	111 450	72 210	0 270	2 450	20 440	21 800
Al Sagr National	107 900	103 270	5 460	5 700	124 000	122 070
Dar Altakaful	106 270	81 740	2 730	1 360	31 610	15 260
Aman Insurance	103 820	112 810	2 460	- 5 450	18 530	14 440
Abu Dhabi National Takaful	101 910	87 470	16 080	13 080	85 560	73 840
Dubai National	88 010	70 850	13 630	12 530	135 970	127 520
Alliance	79 110	82 280	13 100	12 260	131 400	125 070
Wathba National	75 000	80 300	19 620	14 710	232 000	223 700
Watania	73 850	54 500	2 180	105	23 160	21 530
Fujairah National	66 210	56 680	7 620	4 630	63 760	58 590
Ascana -Takaful	63 700	45 000	1 350	8 170	80 380	86 100
Insurance House	60 000	43 600	2 200	- 5 170	24 800	22 340
Al Khazna Insurance	28 330	64 570	- 38 420	- 21 250	31 330	71 110
United Fidelity Insurance	23 160	19 620	- 2 990	NA	23 710	NA
Sharjah Insurance	15 260	17 980	6 000	5 170	60 220	55 590
Axa Green Crescent	10 890	12 530	- 5 180	- 3 810	33 790	39 230
Orient UNB Takaful ⁽¹⁾	10 360	-	- 1 630	-	53 140	-
Total local companies	7 390 500	6 540 290	357 440	247 610	4 519 300	4 298 100
Rest of the market *	4 810 800	4 350 310	251 193	254 824	2 015 060	1 279 890
Total	12 201 300	10 890 600	608 633	502 434	6 534 360	5 577 990

⁽¹⁾ Orient UNB Takaful started its activities at the end of 2016
* Rest of the market including foreign companies
NA: Not-available

Exchange rate AED/USD as at 31/12	2017	2016
Exchange rate AED/USD as at 31/12	0.27220	0.27220

Read more about the UAE insurance market [4]