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Abu Dhabi / Emirates Business
Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, reported strong financial results by achieving a combined net profit of AED52 million (Policyholders and Shareholders before Qard Hasan) and an underwriting profit of AED41.4 million as at end of Q3 2017. Shareholders net profit reached AED47.2 million compared to AED 45 million for the same period last year, achieving an increase of 5 percent.
The combined net profit of AED52 million for the first nine months of 2017 increased 16 percent compared to AED 45 million for the same period last year, while the underwriting profit of AED41.4 million rose 19 percent compared to AED 34.9 million for the same period last year. Khamis Buharoon Al Shamsi, Chairman of the Board of Directors, ADNTC, commented: “We are pleased to produce another quarter of excellent results. Our impressive profitability with earnings per share of AED0.47 as at the end of Q3 2017 is in line with our growth aspirations and reflects the soundness of our robust business model and overall management strategy.â€