Français
English
| Company: Abu Dhabi National Takaful |
| Date of creation: 2003 | |
| Classes of business: Life and non life | |
| Geographical presence: 3 offices in UAE |
Abu Dhabi National Takaful: contact
| Head office | Tamouh Tower, 25th Floor , Marina Square, Al Reem Island P.O.Box 35335 Abu Dhabi, United Arab Emirates. |
| Phone | +971 2 4107700 |
| ceooffice@takaful.ae | |
| Website | https://takaful.ae |
Abu Dhabi National Takaful: rating
| Agency | Rating | Outlook |
| AM Best | A | Stable |
Abu Dhabi National Takaful: management
| Chairman of the board of directors | Khamis Buharoon Al Shamsi |
| CEO | Osama Abdeen |
Abu Dhabi National Takaful: share capital, shareholder’s equity and shareholding
Figures in USD| 2021 | 2020 | ▲ | |
| Share capital | 27 222 000 | 27 222 000 | - |
| Shareholder’s equity | 140 470 000 | 119 588 000 | 17.46% |
| Main shareholders | % | % | |
| Abu Dhabi Islamic Bank PJSC | 41.6642 | East and West International Group | 11.7265 |
| Tasameem Real Estate Co LLC | 26.9744 | Bond Investments Ltd | 5.0499 |
Abu Dhabi National Takaful: turnover and result
Figures in USD
| 2021 | 2020 | ▲ | |
| Turnover | 84 654 000 | 101 897 000 | -16.92% |
| Net result | 23 962 000 | 21 341 000 | 12.28% |
Abu Dhabi National Takaful: main indicators
Figures in %| 2021 | 2020 | ▲ | |
| Net loss ratio (1) | 51.87 | 36.33 | 42.77 |
| Management expenses ratio | 41.14 | -61.42 | -165.91 |
| Net combined ratio (1) | 93.01 | - | - |
| Shareholder's equity / Technical reserves | 62.79 | 48.73 | 28.85 |
| Shareholder's equity / Gross written premiums | 165.93 | 117.36 | 41.39 |
| Net result / Gross written premiums | 28.31 | 20.94 | 35.20 |
| Net result / Shareholder's equity (ROE) | 17.06 | 17.85 | -4.43 |
(1) Calculated only for the non life activity.
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
