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Al-Ahlia Insurance Company (شركة التأمين الاهلية)
Main Activities: Insurance Carriers and Related Activities
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Company Information |
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Full name Al-Ahlia Insurance Co. (شركة التأمين الاهلية) Headquarters P.O. Box 5282, 4th Floor, Chamber of Commerce Building, Manama, Bahrain.; Manama |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : BH0004659858 Financial Auditors: BDO Jawad Habib and Company (2011) Total Employees: 77 Tel: 973 17225860 |
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Company Description |
| Al Ahlia Insurance Company B.S.C. is a public joint stock company registered in the Kingdom of Bahrain under Commercial Registration number 5091 and is licensed to carry out insurance and reinsurance of all risks except life insurance. The company was suspended from trading on the Bahrain Stock Exchange. The company is engaged in provision of a range of general insurance products and services. In addition to standard personal products such as automobile, home, life, liability, the company offers | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues decreased with -14.57%, from BHD 13,452.258 thousands to BHD 11,492.183 thousands. Operating result increased from BHD 1,950.694 thousands to BHD 2,084.546 thousands which means 6.86% change. The results of the period increased 14.50% reaching BHD 2,310.465 thousands at the end of the period against BHD 2,017.933 thousands last year. Return on equity (Net income/Total equity) went from 15.94% to 14.40%, the Return On Asset (Net income / Total Asset) went from 6.67% to 6.99% and the Net Profit Margin (Net Income/Net Sales) went from 15.00% to 20.10% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 105.98% compared to 139.01% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.73 to 5.13 when compared to the previous year. |
Key Executives |
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FULL COMPANY PROFILE
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2010 Y (non-cons) |
2009 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 |
33,052 |
30,264 |
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Current Assets |
27,470 |
26,550 |
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Total Liabilities |
17,005 |
17,601 |
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Shareholders Equity |
16,046 |
12,662 |
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Current Liabilities |
5,354 |
5,616 |
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| * All the accounts are in BHD. | ||
Income Statement
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Total Revenues |
11,492 |
13,452 |
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Operational Profit (Loss) |
2,084 |
1,950 |
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Net Profit (Loss) |
2,310 |
2,017 |
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| * All the accounts are in BHD. | ||
Ratios
| Profitabilty ratios | ||
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Return on Assets (ROA) |
6.99% |
6.67% |
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Annualised Return on Assets (ROA) |
6.99% |
6.67% |
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Return on Equity (ROE) |
14.4% |
15.94% |
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Annualised Return on Equity (ROE) |
18.25% |
17.82% |
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Return on Sales (ROS) |
20.1% |
15% |
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Return on Capital |
7.53% |
7.91% |
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Gross Profit Margin |
100% |
100% |
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Operating Profit Margin |
18.14% |
14.5% |
| Efficiency Ratios | ||
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Current asset turnover |
0.42x |
0.51x |
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Fixed-asset turnover |
2.06x |
3.62x |
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Asset Turnover |
0.35x |
0.44x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
2,084 |
1,950 |
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EBITDA |
2,084 |
1,950 |
| Liquidity Ratios | ||
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Current Ratio |
513.01% |
472.71% |
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Quick ratio |
513.01% |
472.71% |
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Doom's day ratio |
80.93% |
43.05% |
| Leverage Ratios | ||
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Leverage ratio |
205.98% |
239.01% |
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Debt to equity |
105.98% |
139.01% |
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Debt to total assets |
51.45% |
58.16% |
| Trend Ratios | ||
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Revenue Trend |
85.43% |
113.93% |
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Net Income Trend |
114.5% |
591.26% |
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Operating Income Trend |
106.86% |
107.89% |
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