Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 10, 2016 6:58 AM ET

Insurance

Company Overview of Al Wathba National Insurance Company (PJSC)

Company Overview

Al Wathba National Insurance Company PJSC engages in general insurance and reinsurance business in the United Arab Emirates. The company operates through Fire and General Accident, Medical, Marine, Aviation, and Investments segments. It offers fire and general accident insurance that covers fire and allied perils, property risks, business interruption, hotel comprehensive, money, fidelity guarantee, bankers blanket, jewellers block, shop keepers, home comprehensive, workmen’s compensation liability, employer’s liability, public liability, and medical malpractices. The company also provides engineering insurance products, including contractors and erection risks, contractor’s plant and machin...

Al Wathba National Insurance Co Building

Najda Street

PO Box 45154

Abu Dhabi,  

United Arab Emirates

Founded in 1997

Phone:

971 6 0054 4040

Fax:

971 2 677 6628

Key Executives for Al Wathba National Insurance Company (PJSC)

Chief Executive Officer
Finance & Admin Manager
Vice Chairman and Managing Director
Head of IT Department
Head of Reinsurance Operations
Compensation as of Fiscal Year 2015.

Al Wathba National Insurance Company (PJSC) Key Developments

Al Wathba National Insurance Company (PJSC) Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Al Wathba National Insurance Company (PJSC) announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net premium earned of AED 56,077,000 against AED 53,622,000 a year ago. Net commission earned was AED 337,000 against AED 3,384,000 a year ago. Underwriting income was AED 15,886,000 against AED 18,046,000 a year ago. Net underwriting income was AED 5,761,000 against AED 8,347,000 a year ago. Loss for the period was AED 16,607,000 or AED 0.08 per basic and diluted share against profit for the period of AED 37,413,000 or AED 0.18 per basic and diluted share a year ago. For the nine months period, the company reported net premium earned of AED 158,538,000 against AED 153,363,000 a year ago. Net commission earned was AED 3,929,000 against AED 10,055,000 a year ago. Underwriting income was AED 42,689,000 against AED 39,017,000 a year ago. Net underwriting income was AED 11,404,000 against AED 1,337,000 a year ago. Profit for the period was AED 31,575,000 or AED 0.15 per basic and diluted share against AED 188,776,000 or AED 0.91 per basic and diluted share a year ago. Net cash used in operating activities was AED 22,084,000 against net cash from operating activities of AED 38,651,000 for the same period a year ago. Purchase of property and equipments was AED 829,000 against AED 2,423,000 for the same period a year ago.

Al Wathba National Insurance Company Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Al Wathba National Insurance Company (PJSC) reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s premium income earned was AED 95,254,000 compared to AED 107,830,000 a year ago. Net premium earned was AED 52,956,000 compared to AED 54,959,000 a year ago. Profit was AED 41,474,000 or AED 0.20 per basic and diluted share compared to AED 76,705,000 or AED 0.37 per basic and diluted share a year ago. For the six months, the company’s premium income earned was AED 181,454,000 compared to AED 205,341,000 a year ago. Net premium earned was AED 102,461,000 compared to AED 99,741,000 a year ago. Profit was AED 48,182,000 or AED 0.23 per basic and diluted share compared to AED 151,363,000 or AED 0.73 per basic and diluted share a year ago. Net cash used in operating activities was AED 6,417,000 compared to net cash from operating activities of AED 54,960,000 a year ago. Purchase of property and equipment was AED 441,000 compared to AED 2,307,000 a year ago.

Al Wathba National Insurance Company (PJSC) Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Al Wathba National Insurance Company (PJSC) reported unaudited earnings results for the first quarter ended March 31, 2015. For the period, the company reported gross premiums written of AED 169,116,000 compared to AED 245,690,000 a year ago. Premium income earned was AED 86,200,000 compared to AED 97,511,000 a year ago. Net premium earned was AED 49,505,000 compared to AED 44,782,000 a year ago. Profit was AED 6,708,000 or AED 0.03 per basic and diluted share compared to AED 74,658,000 or AED 0.36 per basic and diluted share a year ago. Net cash used in operating activities was AED 8,360,000 compared to net cash from operating activities of AED 55,238,000 a year ago. Purchase of property and equipment was AED 262,000 compared to AED 44,000 a year ago.

Similar Private Companies By Industry

Company Name Region
Marsh Management Services (Dubai) Limited Middle East/Africa
Colemont Insurance Broker LLC Middle East/Africa
United Insurance Company P.S.C. Middle East/Africa
Sharjah Insurance Company P.S.C. - Sharjah Middle East/Africa
Al Dhafra Insurance Company P.S.C. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 3, 2015
Vision Capital Brokerage Company LLC
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Al Wathba National Insurance Company (PJSC), please visit www.awnic.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.