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Al Wathba National Insurance Company P.J.S.C. (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Al Wathba National Insurance Company P.J.S.C. Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Al Wathba National Insurance Company (PJSC) is a United Arab Emirates-based company established in year 1997, and listed in Abu Dhabi Stock Exchange in the 15th of November, 2000. Al Wathba National Insurance Company underwrites all types of General insurance Products and is well supported by a panel of highly rated international Reinsurers. The Company's products and services include such insurances as: fire and general accident, property, motor, medical, and marine and aviation. Al Wathba National Insurance Company (PJSC) is active on the domestic market and operates through the head office located in Abu Dhabi, as well as through three branches located in Dubai, Al Ain and Sharjah.

Headquarters
Al Wathba National Ins. Bldg. Najda St, P.O Box: 45154
Abu Dhabi; Northern Emirates;

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Website: http://www.awnic.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1996
Key Executives
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Chairperson
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Director / Member of the Management Board
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General Manager
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Managing Director
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Outside Director
Ownership Details
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8.226%
Subsidiaries
Al Waha Capital Pjsc
8.31%
Alwathba Real Estate Development L.L.C
Company Performance
Financial values in the chart are available after Al Wathba National Insurance Company P.J.S.C. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-59.82%
Operating profit (EBIT)
324.62%
Net Profit (Loss) for the Period
407.67%
Total assets
-1.69%
Investments
-40.19%
Total equity
30.85%
Net Premiums Earned Trend
-46.19%
Net Profit Trend
N/A
Return on Equity (ROE)
9.69%
Loss Ratio
-59.2%
Underwriting Expenses Ratio
-29.55%

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