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Al Dhafra Insurance (الظفرة للتأمين)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Al Dhafra Insurance Co. (الظفرة للتأمين) Headquarters P.O. Box 319, Al Dhafra Insurance Building, Zayed the 2nd Street, Abu Dhabi, UAE.; Abu Dhabi; Northern Emirates |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: January 1, 1979 Total Employees: 118 Tel: 971 26721444 |
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Company Description |
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Al-Dhafra Insurance Company was Founded in 1979, by Emiri Decree No. 8 of 1979 and registered under the provisions of Federal Law No. (9) of 1984. Al- Dafrah Insurance Company is engaged in insurance and reinsurance all of the classes of business with the exception of endowments and annuities. Its products portfolio falls into two main business segments: Underwriting of general insurance business, which incorporates all classes of general insurance such as life, health, engineering, liability, |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 8.41%, from AED 264,922.531 thousands to AED 287,194.369 thousands. The results of the period decreased -16.02% reaching AED 44,903.925 thousands at the end of the period against AED 53,468.775 thousands last year. Return on equity (Net income/Total equity) went from 17.70% to 15.24%, the Return On Asset (Net income / Total Asset) went from 6.87% to 6.38% and the Net Profit Margin (Net Income/Net Sales) went from 20.18% to 15.64% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 139.03% compared to 157.79% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.29 to 1.29 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 |
709,832 |
704,175 |
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Current Assets |
501,916 |
521,293 |
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Total Liabilities |
397,702 |
409,573 |
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Shareholders Equity |
312,129 |
294,601 |
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Current Liabilities |
391,407 |
404,315 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
286,513 |
287,194 |
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Net Profit (Loss) |
49,377 |
44,903 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.96% |
6.38% |
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Annualised Return on Assets (ROA) |
6.96% |
6.38% |
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Return on Equity (ROE) |
15.82% |
15.24% |
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Annualised Return on Equity (ROE) |
16.76% |
14.87% |
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Return on Sales (ROS) |
17.23% |
15.64% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
2.77x |
2.85x |
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Current asset turnover |
0.57x |
0.55x |
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Fixed-asset turnover |
1.38x |
1.57x |
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Asset Turnover |
0.40x |
0.41x |
| Valuation figures and ratios | ||
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Enterprise value |
234,559 |
206,687 |
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Bookvalue (BV) |
308,566 |
291,605 |
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Net Cash |
-204,559 |
-174,187 |
| Liquidity Ratios | ||
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Current Ratio |
128.23% |
128.93% |
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Quick ratio |
128.23% |
128.93% |
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Doom's day ratio |
49.35% |
58.22% |
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Cash Flow to Debt |
9.51% |
9.21% |
| Leverage Ratios | ||
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Leverage ratio |
227.42% |
239.03% |
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Debt to equity |
127.42% |
139.03% |
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Debt to total assets |
56.03% |
58.16% |
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Long Term Debt to Capital |
1.98% |
1.75% |
| Market ratios | ||
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Market Cap / Net cash |
-0.15 |
-0.19 |
| Trend Ratios | ||
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Revenue Trend |
99.76% |
108.41% |
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Net Income Trend |
109.96% |
83.98% |
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