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Al-Ain Ahlia Insurance (العين الأهلية للتأمين)

Main Activities: Insurance Carriers and Related Activities

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Company Information

Full name
Al Ain Ahlia Insurance (العين الأهلية للتأمين)

Headquarters
P.O. Box 3077, Al Ain Ahlia Building, Airport Road, Abu Dhabi, UAE.; Abu Dhabi; Northern Emirates
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Ernst & Young (2012)
Incorporation Date: January 1, 1975
Total Employees: 200

Tel: 971 26119999

Company Description

Al Ain Ahlia Insurance Company PSC is a United Arab Emirates-based public shareholding company founded in 1975.It was listed in Abu Dhabi Stock Exhcange in 9th of December, 2000.
The Company is engaged in general insurance and reinsurance activities. The Company underwrites all classes of insurance activities, including motor, engineering, life and health, property, marine, energy, aviation, as well as reinsurance services.

Company Analysis

According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues decreased with -15.15%, from AED 593,709 thousands to AED 503,783 thousands. The results of the period decreased -13.68% reaching AED 53,287 thousands at the end of the period against AED 61,734 thousands last year. Return on equity (Net income/Total equity) went from 6.10% to 5.53%, the Return On Asset (Net income / Total Asset) went from 3.61% to 3.27% and the Net Profit Margin (Net Income/Net Sales) went from 10.40% to 10.58% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 69.28% compared to 69.22% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.79 to 1.51 when compared to the previous year.

Key Executives

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Balance Sheet

Total Assets

1,551,948

1,629,773

Current Assets

543,437

782,393

Total Liabilities

565,946

667,024

Shareholders Equity

986,002

962,749

Current Liabilities

136,814

517,668

* All the accounts are in AED.
Income Statement

Total Operating Revenue

462,202

503,783

Net Profit (Loss)

50,249

53,287

* All the accounts are in AED.
Ratios
Profitability Ratios

Return on Assets (ROA)

3.24%

3.27%

Annualised Return on Assets (ROA)

3.24%

3.27%

Return on Equity (ROE)

5.1%

5.53%

Annualised Return on Equity (ROE)

5.22%

4.86%

Return on Sales (ROS)

10.87%

10.58%

Gross Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

1.96x

2.51x

Current asset turnover

0.85x

0.64x

Fixed-asset turnover

0.46x

0.59x

Asset Turnover

0.30x

0.31x

Valuation figures and ratios

EBITDA

-540

-803

Enterprise value

258,517

335,187

Enterprise Value / EBITDA

-478.74

-417.42

Bookvalue (BV)

986,002

962,749

Net Cash

-258,517

-335,187

Liquidity Ratios

Current Ratio

397.21%

151.14%

Quick ratio

397.21%

151.14%

Doom's day ratio

224.71%

64.1%

Cash Flow to Debt

-5.28%

1.84%

Leverage Ratios

Leverage ratio

157.4%

169.28%

Debt to equity

57.4%

69.28%

Debt to total assets

36.47%

40.93%

Long Term Debt to Capital

30.32%

13.43%

Trend Ratios

Revenue Trend

91.75%

84.85%

Net Income Trend

94.3%

86.32%