April 18, 2014 8:45 PM ET

Insurance

Company Overview of Al Wathba National Insurance Company (PJSC)

Company Overview

Al Wathba National Insurance Company PJSC engages in the general insurance business in the United Arab Emirates. The company operates through two segments, Underwriting of General Insurance Business, and Investments. It offers fire and general accident insurance for 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 malpractice. The company also provides engineering insurance products, including contractors and erection risks, contractor’s plant and machinery, machinery breakdown, ...

PO Box 45154

Abu Dhabi,  

United Arab Emirates

Founded in 1997

Phone:

971 2 418 5300

Fax:

971 2 677 6628

Key Executives for Al Wathba National Insurance Company (PJSC)

Al Wathba National Insurance Company (PJSC) does not have any Key Executives recorded.

Al Wathba National Insurance Company (PJSC) Key Developments

Al Wathba National Insurance Company (PJSC) Announces Earnings Results for the Year Ended December 31, 2013

Al Wathba National Insurance Company (PJSC) announced earnings results for the year ended December 31, 2013. For the period, the company reported gross premiums written was AED 404,050,000 compared to AED 384,253,000 for the same period a year ago. Premium income earned were AED 442,683,000 compared to AED 374,729,000 for the same period a year ago. Net premium income earned were AED 231,452,000 compared to AED 212,141,000 for the same period a year ago. Net cash generated from operating activities was AED 7,494,000 compared to AED 55,937,000 for the same period a year ago. Payments for purchase of property and equipment were AED 903,000 compared to AED 1,263,000 for the same period a year ago. Payments for purchase of investment properties were AED 32,704,000 compared to nil for the same period a year ago.

Al Wathba National Insurance Company (PJSC), Board Meeting, Feb 05, 2014

Al Wathba National Insurance Company (PJSC), Board Meeting, Feb 05, 2014. Agenda: To approve earnings results for the year ended December 31, 2013.

Al Wathba National Insurance Company (PJSC) Announces Earnings Results for the Year Ended December 31, 2013

Al Wathba National Insurance Company (PJSC) announced earnings results for the year ended December 31, 2013. For the period, the company reported revenues of AED 404,050,000 compared to AED 384,253,000 a year ago. Net operating profit was AED 29,071,000 compared to AED 33,822,000 a year ago. Net profit was AED 148,771,000 compared to AED 39,215,000 a year ago. Earnings per share was AED 0.827 compared to AED 0.218 a year ago.

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