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Dubai Insurance (دبي للتأمين )
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Dubai Insurance (دبي للتأمين) Headquarters P.O. Box 3027, Dubai Insurance Company Building, Al Riqqa Road, Deira Area, Dubai.; Dubai; Northern Emirates |
Status: Listed Legal Form: Limited Liability Company Operational Status: Operational Financial Auditors: Ernst & Young (2012) Incorporation Date: July 10, 1997 Total Employees: 45 Tel: 971 42693030 |
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Company Description |
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Dubai Insurance Company was incorporated in 1970 as a Public Shareholding Company . Dubai Insurance Company is supported by leading Reinsures and underwrites all types of risks in General, Life & Health insurance. The company offers tailor made insurance solutions to cover special risks . | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 1254.84%, from AED 20,012 thousands to AED 271,131 thousands. The results of the period increased 7.16% reaching AED 25,233 thousands at the end of the period against AED 23,547 thousands last year. Return on equity (Net income/Total equity) went from 8.48% to 9.54%, the Return On Asset (Net income / Total Asset) went from 4.92% to 4.71% and the Net Profit Margin (Net Income/Net Sales) went from 117.66% to 9.31% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 102.51% compared to 72.23% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.14 to 1.95 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 |
555,042 |
535,472 |
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Current Assets |
54,806 |
489,690 |
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Total Liabilities |
274,575 |
271,050 |
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Shareholders Equity |
280,467 |
264,422 |
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Current Liabilities |
46,726 |
251,024 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
329,137 |
271,131 |
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Net Profit (Loss) |
29,106 |
25,233 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.24% |
4.71% |
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Annualised Return on Assets (ROA) |
5.24% |
4.71% |
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Return on Equity (ROE) |
10.38% |
9.54% |
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Annualised Return on Equity (ROE) |
11.01% |
9.08% |
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Return on Sales (ROS) |
8.84% |
9.31% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.28x |
2.27x |
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Current asset turnover |
6.01x |
0.55x |
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Fixed-asset turnover |
0.66x |
5.92x |
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Asset Turnover |
0.59x |
0.51x |
| Valuation figures and ratios | ||
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Enterprise value |
497,130 |
457,466 |
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Bookvalue (BV) |
280,467 |
264,422 |
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Net Cash |
-225,130 |
-239,466 |
| Liquidity Ratios | ||
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Current Ratio |
117.29% |
195.08% |
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Quick ratio |
117.29% |
195.08% |
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Doom's day ratio |
105.82% |
12.58% |
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Cash Flow to Debt |
16.56% |
12.28% |
| Leverage Ratios | ||
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Leverage ratio |
197.9% |
202.51% |
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Debt to equity |
97.9% |
102.51% |
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Debt to total assets |
49.47% |
50.62% |
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Long Term Debt to Capital |
44.82% |
7.04% |
| Market ratios | ||
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Market Cap / Net cash |
-1.21 |
-0.91 |
| Trend Ratios | ||
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Revenue Trend |
121.39% |
129.1% |
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Net Income Trend |
115.35% |
107.16% |
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