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Al-Wathba National Insurance (الوثبة الوطنية للتأمين)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Al Wathba Insurance (الوثبة الوطنية للتأمين) Headquarters P.O. Box 45154, 6th Floor, Al Wathba Tower, Baniyas Street, Abu Dhabi.; Abu Dhabi; Northern Emirates |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: January 1, 1996 Total Employees: 98 Tel: 971 24185300/301/302/303 |
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Company Description |
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Al Wathba National Insurance Company (PJSC) is a United Arab Emirates-based company established in year 1997, and listed in Abu Dhabi Stock Exchange in the 15th of November, 2000. Al Wathba National Insurance Company underwrites all types of General insurance Products and is well supported by a panel of highly rated international Reinsurers. The Companyأ¢â‚¬â„¢s products and services include such insurances as: fire and general accident, property, motor, medical, and marine and |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 0.36%, from AED 278,849 thousands to AED 279,840 thousands. The results of the period increased 10.09% reaching AED 14,185 thousands at the end of the period against AED 12,885 thousands last year. Return on equity (Net income/Total equity) went from 2.70% to 3.21%, the Return On Asset (Net income / Total Asset) went from 1.30% to 1.48% and the Net Profit Margin (Net Income/Net Sales) went from 4.62% to 5.07% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 116.65% compared to 107.72% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.68 to 1.03 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (non-cons) |
2011 Y (non-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 |
939,254 |
890,590 |
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Current Assets |
624,415 |
571,796 |
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Total Liabilities |
488,798 |
473,556 |
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Shareholders Equity |
450,456 |
417,034 |
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Current Liabilities |
488,798 |
459,556 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
384,253 |
325,334 |
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Net Profit (Loss) |
30,215 |
15,809 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
3.22% |
1.78% |
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Annualised Return on Assets (ROA) |
3.22% |
1.78% |
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Return on Equity (ROE) |
6.71% |
3.79% |
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Annualised Return on Equity (ROE) |
7.25% |
3.57% |
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Return on Sales (ROS) |
7.86% |
4.86% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
4.79x |
3.54x |
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Current asset turnover |
0.62x |
0.57x |
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Fixed-asset turnover |
1.22x |
1.02x |
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Asset Turnover |
0.41x |
0.37x |
| Valuation figures and ratios | ||
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EBITDA |
2,723 |
4,640 |
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Enterprise value |
511,289 |
700,184 |
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Enterprise Value / EBITDA |
187.77 |
150.90 |
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Bookvalue (BV) |
450,456 |
417,034 |
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Net Cash |
-384,089 |
-364,184 |
| Liquidity Ratios | ||
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Current Ratio |
127.74% |
124.42% |
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Quick ratio |
127.74% |
124.42% |
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Doom's day ratio |
21.42% |
23.8% |
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Cash Flow to Debt |
12.03% |
9.75% |
| Leverage Ratios | ||
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Leverage ratio |
208.51% |
213.55% |
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Debt to equity |
108.51% |
113.55% |
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Debt to total assets |
52.04% |
53.17% |
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Long Term Debt to Capital |
0% |
3.25% |
| Market ratios | ||
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Market Capitalization/EBITDA |
46.71 |
72.41 |
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Market Cap / Net cash |
-0.33 |
-0.92 |
| Trend Ratios | ||
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Revenue Trend |
118.11% |
116.26% |
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Net Income Trend |
191.13% |
111.45% |
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