Abu Dhabi – Mubasher: Abu Dhabi National Takaful Co. (ADNTC) on Wednesday announced that it has received a financial strength rating (FSR) of ‘A-’ (Excellent) and a Long-Term Issuer Credit Rating of ‘a-’ from international rating agency A.M. Best.

These positive ratings reflect ADNTC’s strong risk-adjusted capitalisation, in addition to its consistently excellent technical and operating performances, the company added in a press release.

“A.M. Best’s confidence to reaffirm the ratings is an endorsement to our consistently outstanding performance,” chairman Khamis Al Shamsi said.

“The rating of A.M. Best affirms the success of our overall strategy and business model that is geared towards serving the needs of the takaful market,” CEO Osama Abdeen added.

ADNTC achieved AED 40.9 million net profit in the first quarter of 2017, as well as an underwriting profit of AED 34.1 million at end of Q2-17. The company logged a 35% profit growth in H1-17, while underwriting profits surged 50% from figures recorded in the year-ago period.