UAE: Abu Dhabi National Takaful recorded net profit increase of 33% in 2018
Source: Middle East Insurance Review | Mar 2019
Abu Dhabi National Takaful Co (ADNTC) has recorded a combined net profit increase of 33%, reaching AED86m for the year 2018 (for policyholders and shareholders before qard hasan provision), compared to AED64.6m for the year 2017.
This is ADNTC’s ninth consecutive year of increased profits – boosted by solid performance across all financial and non-financial indicators with a key focus on excellent customer service and unique product offerings.
During 2018, the company maintained its financial strength rating of A- (Excellent) and an issuers credit rating of (a-). This is the highest rating assigned to a takaful operator by A.M. Best.
ADNTC was named the Takaful Company of the Year at last year’s Middle East Insurance Industry Awards, organised by Middle East Insurance Review. M