Last 2.70 AED
Change Today -0.30 / -10.00%
Volume 1.0K
As of 5:00 AM 12/25/14 All times are local (Market data is delayed by at least 15 minutes).

al buhaira national insuranc (ABNIC) Snapshot

Open
2.70
Previous Close
3.00
Day High
2.70
Day Low
2.70
52 Week High
07/10/14 - 4.70
52 Week Low
06/1/14 - 2.35
Market Cap
675.0M
Average Volume 10 Days
300.1K
EPS TTM
0.09
Shares Outstanding
250.0M
EX-Date
05/8/14
P/E TM
30.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for AL BUHAIRA NATIONAL INSURANC (ABNIC)

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al buhaira national insuranc (ABNIC) Details

Al Buhaira National Insurance Company P.S.C. operates as an insurance company in the United Arab Emirates. It offers property insurance products for fire and allied perils that cover various losses or damages by fire, lightning, and other named allied perils, including burglary; for property risks, which cover property insured that is accidentally physically lost, destroyed, or damaged; and for business interruption following insured perils, as well as for householders. The company also provides engineering insurance solutions that cover contractors all risk, contractors plant and machinery, erections all risks, electronic equipment, machinery breakdown, loss of profit following machinery breakdown, and deterioration of stock; insurance for energy risks, such as material damage, business interruption, contingent business interruption, and downstream liabilities to the oil and gas, petrochemicals, electric utilities, and other entities; and insurance for marine cargo, freight forwarder's legal liability, marine hull, yachts and pleasure crafts, marine liabilities, and the general aviation and airline industry. In addition, it provides group medical insurance plans, life insurance schemes, and visit Visa insurance; insurance coverage for banker’s blanket, boiler and pressure plant, theft/robbery/holdup, fidelity guarantee, personal accident, jeweller’s block, money, plate glass, professional indemnity, directors’ and officers’ liability, public liability, workmen’s compensation, employer’s liability, medical malpractice, and contingency risks; motor insurance; and travel insurance. Al Buhaira National Insurance Company P.S.C. was founded in 1978 and is headquartered in Sharjah, the United Arab Emirates.

Founded in 1978

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al buhaira national insuranc (ABNIC) Key Developments

Al Buhaira National Insurance Company P.S.C. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Al Buhaira National Insurance Company P.S.C. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net insurance premium revenue was AED 94,204,107 against AED 53,883,517 a year ago. Profit for the period was AED 20,227,958 or AED 0.08 basic per share against AED 13,687,221 or AED 0.05 basic per share a year ago. For the nine-month period, the company reported net insurance premium revenue was AED 206,837,707 against AED 178,071,127 a year ago. Profit for the period was AED 51,387,408 or AED 0.21 basic per share against AED 38,534,000 or AED 0.15 basic per share a year ago. Net cash generated from operating activities was AED 6,029,994 against net cash used in operating activities of AED 27,380,338 a year ago. Purchase of property and equipment was AED 1,061,337 against AED 446,548 a year ago.

Al Buhaira National Insurance Company P.S.C. Announces Earnings Results for the Third Quarter Ended September 30, 2014

Al Buhaira National Insurance Company P.S.C. announced earnings results for the third quarter ended September 30, 2014. The company generated premium revenue of AED 460 million up to the third quarter 2014 compared to AED 419 million for 2013. The company posted AED 33 million as Its underwriting profit compared to AED 32 million in 2013, the company's total net profit at the end of the quarter was AED 51 million compared to AED 39 million for the period ended September 30, 2013. It is also rewarding to highlight third quarter underwriting results which recorded a significant increase to stand at AED 14 million compared to AED 9 million in 2013 and the total net profit for the quarter stood at AED 20 million compared to AED 14 million in 2013.

Al Buhaira National Insurance Company P.S.C. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Al Buhaira National Insurance Company P.S.C. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported insurance premium revenue of AED 116,006,796, net insurance premium revenue of AED 44,170,905 and profit for the period of AED 5,674,500 or AED 0.02 basic earnings per share, compared to the insurance premium revenue of AED 117,404,279, net insurance premium revenue of AED 45,177,893 and profit for the period of AED 7,326,894 or AED 0.03 basic earnings per share, for the same quarter a year ago. For the year to date, the company reported insurance premium revenue of AED 293,309,284, net insurance premium revenue of AED 112,633,600 and profit for the period of AED 31,159,450 or AED 0.12 basic earnings per share, compared to the insurance premium revenue of AED 299,024,186, net insurance premium revenue of AED 124,187,610 and profit for the period of AED 24,846,778 or AED 0.10 basic earnings per share, for the same period a year ago. Net cash generated from operating activities was AED 1,386,375 against AED 5,411,022 for the same period a year ago. Purchase of property and equipment was AED 628,118 against AED 75,932 for the same period a year ago.

 

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Valuation ABNIC Industry Range
Price/Earnings 32.3x
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow 32.3x
TEV/Sales 0.6x
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