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Last 4.50 AED
Change Today 0.00 / 0.00%
Volume 0.0
AWNIC On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

al wathba national insurance (AWNIC) Snapshot

Open
4.50
Previous Close
4.50
Day High
4.50
Day Low
4.50
52 Week High
09/1/14 - 5.35
52 Week Low
06/4/15 - 4.33
Market Cap
931.5M
Average Volume 10 Days
0.0
EPS TTM
0.17
Shares Outstanding
207.0M
EX-Date
04/29/15
P/E TM
26.5x
Dividend
0.15
Dividend Yield
3.33%
Current Stock Chart for AL WATHBA NATIONAL INSURANCE (AWNIC)

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al wathba national insurance (AWNIC) Details

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 machinery, machinery breakdown, machinery loss of profits, electronic equipment, deterioration of stock, and boiler insurance. In addition, it offers comprehensive and third party liability motor vehicle insurance; marine insurance products, such as marine liabilities, hull and machinery, yacht, and aviation insurance; and oil and energy insurance products covering offshore and onshore construction risks, as well as operational risks. Further, the company provides group personal accident insurance; health insurance plans to individuals, companies, clubs, associations, etc.; individual personal accident; and travel insurance, as well as medical insurance for the United Arab Emirates visitors. Al Wathba National Insurance Company PJSC was founded in 1997 and is headquartered in Abu Dhabi, the United Arab Emirates.

Founded in 1997

al wathba national insurance (AWNIC) Top Compensated Officers

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

al wathba national insurance (AWNIC) Key Developments

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.

Al Wathba Insurance Approves Distribution, Payable by May 20, 2015

Al Wathba Insurance said that its general assembly meeting has approved the distribution of 15% of the company's capital in cash dividends, valued at AED 31.05 million. The cash dividends will be distributed by May 20.

 

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Industry Analysis

AWNIC

Industry Average

Valuation AWNIC Industry Range
Price/Earnings 100.0x
Price/Sales 3.8x
Price/Book 1.1x
Price/Cash Flow 158.7x
TEV/Sales 1.0x
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