Abu Dhabi National Takaful Company reports net profit of AED 35.8 Mill

23/02/2015 06:17 AST

Abu Dhabi National Takaful Company P.S.C, reported its financial results for the year ended 31 December 2014 with a net profit of AED 35.8 million.

Commenting on the results, Mr. Khamis Buharoon Al Shamsi, Chairman of Abu Dhabi National Takaful Company P.S.C said, "The financial results for the year ended 31 Dec 2014 and the achievements of ADNTC during 2014 reflect sustained and profitable growth across all lines & functions".

In August 2014, Abu Dhabi National Takaful Co. PSC was assigned a financial strength rating of B++ and an issuer credit rating of bbb+ by A.M. Best. The outlook assigned to both ratings is stable.

Abu Dhabi National Takaful Co. P.S.C received the coveted 'Takaful Insurer of the Year 2014' Award for the second year running at the MENAIR Insurance Awards 2015. Regarded as a leading recognition platform for the MENA insurance industry, MENAIR Insurance Awards are judged by a highly acclaimed panel of judges with extensive insurance experience. The awards focus on rewarding companies that have demonstrated performance excellence setting them apart from the peers in their respective categories.

We, at Abu Dhabi National Takaful, remain committed to contributing to the development of the UAE insurance industry, delivering tangible results to our shareholders and providing innovative products and services to our customers. ADNTC's excellent risk-adjusted capitalisation, strong underwriting performance, sound risk management and its customer loyalty together with the endless support of our team & shareholders will provide a platform for future growth".

CPI Financial