Abu Dhabi National Takaful Posts Financial Results for 2017, With Dh65 Million Net Profit
Abu Dhabi National Takaful Co. PSC, the leading takaful operator in the region and one of the most progressive insurers in the UAE announced its preliminary financial results for the year ended 31 December, 2017.
The company's combined net profit increased by 35% reaching AED 65.3 million for the year 2017 (for policyholders & shareholders before Qard Hasan provision) compared to AED 48.4 million for the year 2016. Shareholders net profit for the year ending 31 December, 2017 reached AED 59.7 million compared to AED 48.4 million for the same period last year achieving an increase of 23%.
This performance, which marked the company’s eighth consecutive year of continuous increase in net profits, was significantly boosted by excelling across all financial & non-financial indicators with a key focus on excellent customer service and unique products offering.
During 2017, ADNTC maintained its financial strength rating of A- (Excellent) and an issuers credit rating of (a-), which is the highest rating assigned to a Takaful operator by A.M Best worldwide. This showcases the company's stability and reinforces its position as one of the leading Takaful operators in the region.
For its continued excellent performance, the company was awarded ‘Takaful Company of the Year’ at the 4th Middle East Insurance Industry Awards (MIIA) in 2017. For more information, please visit Takaful's website on www.takaful.ae.
National Takaful Company
NTIC is a National join stock company established in 2003.
NTIC's Paid up capital is KD10,000,000 Millions.
NTIC was established by the leading business groups in both Arab & Kuwaiti market.
The company's general policy is drawn and managed by Kuwaiti board of directors in addition to the elite department managers and employees with wide experience and unique professionalism.