Abu Dhabi – Mubasher: Abu Dhabi National Takaful Company (ADNTC) reported a 16% increase in the combined net profit, which comprises policyholders and shareholders before Qard Hasan.

The company’s combined net profits increased to AED 52 million in the nine-month period ended 30 September, compared to AED 45 million in the year-ago period, according to a filing to the Abu Dhabi Securities Exchange (ADX).

The underwriting profit rose 19% to AED 41.4 million from January to September, versus AED 34.9 million in the comparative period of 2016, the company’s data showed.

Net profit attributed to shareholders grew 5% to AED 47.2 million in the first three quarters of 2017, in comparison with AED 45 million in the corresponding period of 2016, ADNTC revealed.

“Our impressive profitability with earnings per share of AED 0.47 as at the end of Q3-17 is in line with our growth aspirations,” said Khamis Buharoon Al Shamsi, ADNTC’s chairman.

“In September 2017, international rating agency A.M. Best also reaffirmed our financial strength rating of ‘A-’ (Excellent),” the company’s CEO Osama Abdel-Raouf Abdeen commented.