May 09 2012
|more articles from|
ADNTC profits up 69%
Realizes underwriting profit of Dh6m in the first quarter
In addition, ADNTC realised an underwriting profit of Dhs6 million for the period ended 31 March 2012 compared to Dhs2.2 million for the period ended 31 March 2011, reflecting an increase of 172.7 per cent.
Khadem Al Qubaisi, Chairman of Abu Dhabi National Takaful Company , said: "Building on the solid financial foundations that it has created in 2011, Takaful has managed to overcome the huge difficulties represented in the global financial downturn and the fierce competition in the insurance market to provide value for its shareholders and policyholders. We are delighted and proud of the excellent start to the year 2012, and we look forward to a year of profitable and sustainable growth across all of our business segments."
© Copyright Zawya. All Rights Reserved.