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AL SAGR INSURANCE COMPANY (شركة الصقر للتأمين )
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name AL SAGR INSURANCE COMPANY (شركة الصقر للتأمين ) Headquarters P.O. Box 14614, Al Hilal Building, 3r Floor, Al Garhoud Road, Dubai.; Dubai; Northern Emirates |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: December 25, 1979 Total Employees: 150 Tel: 971 47028500 |
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Company Description |
| Al Sagr National Insurance Company (Al Sagr) headquartered in Dubai, was launched into operation in 1979 following a decree to this effect from the late Ruler of Dubai, and Vice President of the UAE, H.H Sheikh Rashid Bin Said Al Maktoum. The Company was licensed under Licence No. 16 in accordance with the Federal Insurance Law No. (9) of 1984." The company offers all classes of life and non-life insurance and reinsurance products and services through a network of eight branches across the United | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -1.79%, from AED 403,740.446 thousands to AED 396,519.808 thousands. The results of the period reached AED 9,557.156 thousands at the end of the period against AED -36,958.516 thousands last year. Return on equity (Net income/Total equity) went from -6.54% to 1.66%, the Return On Asset (Net income / Total Asset) went from -3.06% to 0.83% and the Net Profit Margin (Net Income/Net Sales) went from -9.15% to 2.41% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 99.42% compared to 113.47% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.53 to 1.52 when compared to the previous year. |
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FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,164,322 |
1,146,465 |
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Current Assets |
938,640 |
827,186 |
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Total Liabilities |
573,014 |
571,561 |
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Shareholders Equity |
591,308 |
574,904 |
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Current Liabilities |
560,788 |
542,578 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
373,936 |
396,519 |
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Operational Profit (Loss) |
30,610 |
15,679 |
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Net Profit (Loss) |
29,337 |
9,557 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.52% |
0.83% |
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Annualised Return on Assets (ROA) |
2.52% |
0.83% |
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Return on Equity (ROE) |
4.96% |
1.66% |
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Annualised Return on Equity (ROE) |
5.1% |
1.69% |
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Return on Sales (ROS) |
7.85% |
2.41% |
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Return on Capital |
5.07% |
2.6% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
8.19% |
3.95% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.87x |
2.16x |
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Current asset turnover |
0.40x |
0.48x |
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Fixed-asset turnover |
1.66x |
1.24x |
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Asset Turnover |
0.32x |
0.35x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
30,610 |
15,679 |
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EBITDA |
30,610 |
15,679 |
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Enterprise value |
1,193,544 |
437,605 |
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Enterprise Value / EBITDA |
38.99 |
27.91 |
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Bookvalue (BV) |
591,308 |
574,904 |
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Net Cash |
-283,544 |
-294,805 |
| Liquidity Ratios | ||
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Current Ratio |
167.38% |
152.45% |
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Quick ratio |
167.38% |
152.45% |
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Doom's day ratio |
51.62% |
51.01% |
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Cash Flow to Debt |
5.16% |
3.24% |
| Leverage Ratios | ||
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Leverage ratio |
196.91% |
199.42% |
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Debt to equity |
96.91% |
99.42% |
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Debt to total assets |
49.21% |
49.85% |
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Long Term Debt to Capital |
2.03% |
4.8% |
| Market ratios | ||
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Market Capitalization/EBITDA |
29.73 |
9.11 |
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Market Cap / Net cash |
-3.21 |
-0.48 |
| Trend Ratios | ||
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Revenue Trend |
94.3% |
98.21% |
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Net Income Trend |
306.96% |
-25.86% |
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Operating Income Trend |
195.23% |
72.11% |
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