 | Company: Dar Al Takaful (1) |
| Date of creation: 2008 |
| Classes of business: Life and non life takaful |
| Geographical presence: 2 subsidiaries Noor Takaful General and Noor Takaful Family |
Dar Al Takaful: contact
| Head office | Level 4, The Offices 1 at One Central, Dubai World Trade Centre, PO Box 48883, Dubai, UAE |
| Phone | +971 800 8252385 |
| E-mail | Info [at] dat [dot] ae |
| Website | https://www.dat.ae/ |
Dar Al Takaful: management
| Chairman of the board of directors | Matar Hamdan Sultan Hamad Al Ameri |
| General manager/CEO | Gautam Datta |
Dar Al Takaful: share capital, shareholder’s equity and shareholding
Figures in USD| | 2021 | 2020 | ▲ |
| Share capital | 40 833 000 | 40 833 000 | - |
| Shareholder’s equity | 41 441 459 | 39 590 383 | 4.68% |
| Main shareholders | % | | % |
| MB UAE Investments LLC | 21.5946 | Ali Saeed Bin Harmal Aldhaheri | 8.0165 |
| Magna Investment | 12.4955 | Mohammed Qusai Mohammed Alghussein | 5.7276 |
| Mohamed Sultan Mohamed Hashel Al Khaili | 11.4228 | Matar Hamdan Sultan Hamad Al Ameri | 1.3333 |
(1)Dar Al Takaful is in the process of merger with National Takaful Company (Watania)
Dar Al Takaful: turnover and result
Figures in USD
| | 2021 | 2020 | ▲ |
| Turnover | 192 222 638 | 119 392 078 | 61% |
| Net result | 5 874 487 | 6 164 109 | -4.70% |
Dar Al Takaful: turnover breakdown per class of business
Figures in USD| | 2021 | 2020 | ▲ | 2021% |
| Motor | 24 680 957 | 22 213 971 | 11.11% | 12.84% |
| General takaful | 61 615 284 | 24 159 230 | 155.04% | 32.05% |
| Health and bodily injury | 88 732 039 | 62 941 146 | 40.98% | 46.16% |
| Total non life | 175 028 280 | 109 314 347 | 60.11% | 91.05% |
| Life | 17 194 358 | 10 077 731 | 70.62% | 8.95% |
| Grand total | 192 222 638 | 119 392 078 | 61% | 100% |
Dar Al Takaful: main indicators
Figures in %| | 2021 | 2020 | ▲ |
| loss ratio (1) | 64.47 | 70.59 | -8.68 |
| Management expenses ratio | 43.29 | 46.11 | -6.10 |
| combined ratio (1) | 107.76 | 116.70 | -7.66 |
| Shareholder's equity / Technical reserves | 70.64 | 41.22 | 71.37 |
| Shareholder's equity / Gross written premiums | 21.56 | 33.16 | -34.98 |
| Net result / Gross written premiums | 3.06 | 5.16 | -40.81 |
| Net result / Shareholder's equity (ROE) | 14.18 | 15.57 | -8.96 |
(1) Calculated only for the non life activity.
Notes:
- Loss ratio =Incurred losses (paid losses+outstanding losses ) / earned premiums
- Management expenses ratio = Overhead expenses and acquisition costs / written premiums
- Combined ratio = 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
