AM Best upgrades Outlooks to positive for Abu Dhabi National Takaful Company P.S.C.

Emirati insurer retains the highest rating assigned to a takaful operator worldwide by AM Best.


Abu Dhabi, UAE: Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region, has announced that A.M. Best has revised the outlooks to positive from stable and affirmed its Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” for the third consecutive year.

As per the press release of AM Best “The revision of the outlooks to positive reflects AM Best’s expectation that ADNTC will enhance its position in its domestic market whilst continuing to outperform takaful and conventional insurance peers as it executes its business plan.”

The positive ratings reflect ADNTC’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance and appropriate enterprise risk management together with consistent excellent technical and operating performances achieving high returns on equity that have all contributed significantly in making ADNTC as one of the highest performing companies in the insurance industry in the region. AM Best expects the company to continue excelling given its effective underwriting controls and experienced management team. The agency also anticipates ADNTC’s capitalisation to remain sufficiently robust to support strategic initiatives.

Commenting on this major accomplishment, Mr. Khamis Buharoon Al Shamsi, Chairman of the Board of Directors of Abu Dhabi National Takaful Company P.S.C., said: “AM Best’s confidence to reaffirm the ratings is an endorsement to our consistently outstanding performance. We take great pride in being the highest rated company amongst all takaful operators worldwide by AM Best. We continue to grow stronger as evidenced by our financial results for the first half of 2019. Led by visionary board of directors, highly-skilled management team and dedicated staff, we are optimistic that 2019 will be another remarkable year for the company.”

Mr. Osama Abdel-Raouf Abdeen, Chief Executive Officer of Abu Dhabi National Takaful Company P.S.C., added: “The key purpose of assessing the credit rating of a company is to give an indication on its ability to fulfil its obligations towards the policyholders and credible assessment of the strength and financial health of the company. The upgrade of the outlooks to positive and affirmation of our Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of

“a-” is a revalidation of the success achieved by the effective implementation of our strategies and business model. They are testaments of our continuous exceptional financial performance over the years achieved through disciplined underwriting, operational efficiency, effective risk management and prudent investment policy. These constitute a solid foundation of our journey of success. ADNTC will continue maintaining its industry leadership by delivering on its promise of unparalleled quality and service by exceeding the expectations of its shareholders, business partners and loyal customers.”

To view the Press Release of AM Best please click here.

For more information about Abu Dhabi National Takaful Co. PSC please visit 

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases