Abu Dhabi: Abu Dhabi National Takaful Company (Takaful) announced its financial results for the six months period ended 30 of last month, reporting a continued growth in net profit and other aspects.
Net profit during these six months was Dhs19.9 million compared to Dhs11.8 million for the same period last year with a growth of 69 per cent. The underwriting profit for the six months stood at Dhs16.4 million compared to Dhs11.3 million for the same period last year, which reflects a significant growth of 44 per cent , the company said on Monday.
Net claims incurred increased by 8 per cent against prior, in addition the basic and diluted earnings per share grew by 67 per cent .
Commenting on the results, Khadem Al Qubaisi ,Chairman of Abu Dhabi National Takaful Company, said, “Our results for the first half of 2013 reflect our commitment and strategic approach in handling the current market conditions taking into consideration the fierce competition. Takaful aims to continue to deliver value and profit to its shareholders and policyholders over the short and long term.”
Osama Abdeen, Chief Executive Officer of Abu Dhabi National Takaful, commented, “Over the last three years, Takaful continues to achieve a steady profitable growth and I’m pleased to announce our half year 2013 financial results.”
