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Oman Insurance Company (عمان للتأمين)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Oman Insurance Company (عمان للتأمين ) Headquarters P.O. Box 5209, Oman Insurance Company Building, Salaheddine Street, Dubai.; Dubai; Northern Emirates |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: November 1, 1975 Total Employees: 320 Tel: 971 42337777 |
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Company Description |
| Oman Insurance Company (OIC) has been established in 1975, a subsidiary of Mashreq Bank (PSC), is a United Arab Emirates-based Company that is engaged in the insurance business sector. Its products consist of Life Insurance, Health Insurance, Motor Insurance, Marine Cargo & Hull Insurance, Aviation Insurance, Fire & General Accident Insurance, Engineering Insurance, Liability Insurance and Personal Lines Insurance. It operates through a network of 10 branches in the United Arab Emirates, and also | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues decreased with -4.17%, from AED 2,443,641 thousands to AED 2,341,627 thousands. The results of the period increased 14.96% reaching AED 108,158 thousands at the end of the period against AED 94,087 thousands last year. Return on equity (Net income/Total equity) went from 6.50% to 7.34%, the Return On Asset (Net income / Total Asset) went from 1.95% to 2.36% and the Net Profit Margin (Net Income/Net Sales) went from 3.85% to 4.62% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 211.19% compared to 232.93% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.88 to 2.30 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 (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 |
4,611,942 |
4,586,620 |
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Current Assets |
3,011,005 |
2,686,208 |
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Total Liabilities |
3,023,062 |
3,112,720 |
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Shareholders Equity |
1,588,880 |
1,473,900 |
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Current Liabilities |
2,860,362 |
2,684,805 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
2,443,262 |
2,341,627 |
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Net Profit (Loss) |
187,342 |
108,158 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
4.06% |
2.36% |
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Annualised Return on Assets (ROA) |
4.06% |
2.36% |
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Return on Equity (ROE) |
11.79% |
7.34% |
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Annualised Return on Equity (ROE) |
12.71% |
7.47% |
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Return on Sales (ROS) |
7.67% |
4.62% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
2.57x |
2.56x |
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Current asset turnover |
0.81x |
0.87x |
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Fixed-asset turnover |
1.53x |
1.23x |
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Asset Turnover |
0.53x |
0.51x |
| Valuation figures and ratios | ||
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Enterprise value |
4,977,576 |
2,721,222 |
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Bookvalue (BV) |
1,588,880 |
1,473,900 |
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Net Cash |
-2,143,361 |
-2,432,762 |
| Liquidity Ratios | ||
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Current Ratio |
105.27% |
100.05% |
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Quick ratio |
105.27% |
100.05% |
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Doom's day ratio |
30.75% |
25.33% |
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Cash Flow to Debt |
3.09% |
11.2% |
| Leverage Ratios | ||
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Leverage ratio |
290.26% |
311.19% |
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Debt to equity |
190.26% |
211.19% |
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Debt to total assets |
65.55% |
67.87% |
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Long Term Debt to Capital |
9.29% |
22.5% |
| Market ratios | ||
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Market Cap / Net cash |
-1.32 |
-0.12 |
| Trend Ratios | ||
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Revenue Trend |
104.34% |
95.83% |
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Net Income Trend |
173.21% |
114.96% |
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