Magazine date:
Jul 2022 
AM Best [4] has affirmed Al Dhafra Insurance Company's (ADIC) financial strength rating of "B++" (good) and long-term credit rating of "bbb+". The outlook for both ratings remains stable.
According to the rating agency, ADIC has a good operational performance that translates into a five-year (2017-2021) average combined ratio of 65.8% and a return on equity (ROE) of 14.7%. In 2021, the insurer recorded a turnover of 314.5 million AED (85.6 million USD), an 8.5% increase over a year.
The company's business profile reflects its position as a mid-tier insurer on the Emirati market.