Takaful News - UAE: Abu Dhabi National Takaful sees net profit rise 18% in 9M
Source: Middle East Insurance Review | Dec 2015
Abu Dhabi National Takaful Company (ADNTC) has posted a net profit for the period ended 30 September of AED29.4 million (US$8.0 million), an increase of 18% compared to AED24.8 million for the corresponding period in 2014.
Underwriting profit increased by 54% y-o-y to AED23.9 million over the same period. Gross contributions amounted to AED248.3 million, compared to AED248.4 million for the period ended 30 September 2014.
Shareholder’s equity for the period ended 30 September was AED231.3 million, compared to AED212.5 million for the year ended 31 December 2014.
AED1 = US$0.27