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Al Ain Ahlia Insurance

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Magazine Issue: 
The insurance industry, a market under strain [3]
Magazine date: 
Oct 2022
Al Ain Ahlia Insurance
Company: Al Ain Ahlia Insurance Company
Date of creation: 1975
Classes of business: Life and non-life
Geographical presence: 11 branches in UAE

Al Ain Ahlia Insurance: contact

Head officeAirport Road, Behind Al Jazira Sports Club - Abu Dhabi - UAE
Phone+ 971 2 611 9999
E-mailinfo [at] alaininsurance [dot] com
Websitehttps://alaininsurance.com/ [4]

Al Ain Ahlia Insurance: rating

AgencyRatingOutlook
Moody'sA3Stable

Al Ain Ahlia Insurance: management

Chairman of the board of directorsMohamed Jouan Rashed Al Badi Al Dhaeri
CEOMohammad Mazhar Hamadeh

Al Ain Ahlia Insurance: share capital, shareholder’s equity and shareholding

Figures in USD
 20212020▲
Share capital40 833 00040 833 000-
Shareholder’s equity354 144 000318 631 00011%
Main shareholders%
Mamoura Diversified Global Holding PJSC19.703
Mohamed Jouan Rashed Al Badi Al Dhaheri

10.282

Khaled Mohamed Jouan Al Bdi Al Dhaheri5.455

Al Ain Ahlia Insurance: turnover and result

Figures in USD

 20212020▲
Turnover328 350 947328 582 607-0.07%
Net result22 663 93720 681 9179.58%

Al Ain Ahlia Insurance: turnover breakdown per class of business

Figures in USD
 20212020▲2021%
Motor24 901 59742 401 532-41.27%7.58%
Fire46 164 97338 683 00619.34%14.06%
Other property damage40 461 96434 733 36616.49%12.32%
Energy27 471 35421 543 49127.52%8.37%
Engineering12 990 61113 189 876-1.51%3.96%
General third party liability9 964 0698 184 56721.74%3.03%
Marine and aviation13 585 13911 660 54416.51%4.14%
Marine cargo4 190 2823 808 63010.02%1.28%
Marine hull4 372 1253 751 19216.55%1.33%
Aviation5 022 7314 100 72222.48%1.53%
Health and bodily injury175 088 093174 093 6730.57%53.32%
Miscellaneous risks17 754 18818 327 212-3.13%5.41%
Accidents13 693 48312 115 42313.03%4.17%
Miscellaneous4 060 7066 211 788-34.63%1.24%
Total non life327 920 023328 083 900-0.05%99.87%
Life430 924498 707-13.59%0.13%
Grand total328 350 947328 582 607-0.07%100%

Al Ain Ahlia Insurance: main indicators

Figures in %
 20212020▲
Net loss ratio (1)46.8942.3610.71
Management expenses ratio (1)58.3852.4211.36
Combined ratio (1)105.2594.7811.07
Shareholder's equity / Technical reserves77.1373.624.77
Shareholder's equity / Gross written premiums107.8696.9711.22
Net result / Gross written premiums6.906.299.66
Net result / Shareholder's equity (ROE)6.406.49-1.41

(1) Calculated for the life and non life activities

Notes:

  • Net loss ratio = Net incurred losses (paid losses+outstanding losses ) / Net earned premiums
  • Management expenses ratio = Overhead expenses and acquisition costs / Net written premiums
  • Net 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

Tue, 25/10/2022 - 09:47

Source URL: https://www.atlas-mag.net/en/category/tags/compagnie/al-ain-ahlia-insurance

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-194-october-2022
[4] https://alaininsurance.com/