Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Abu Dhabi National Takaful Company (ADNTC) grew by 4% to AED 46.3 million in the first half (H1) of 2020, when compared to the same period of 2019.

The company's net earned contributions declined to AED 85.173 million in H1-20 from AED 104.37 million in H1-19, according to the company's interim financial statements for the period ended on 30 June 2020.

The insurer's net written contributions recorded AED 83.78 million in the first six months of 2020, down from AED 128.69 million in the corresponding period of 2020.

The basic and diluted earnings per share (EPS) settled at AED 0.46 in H1-20, compared to AED 0.45 in H1-19.

"Despite challenging economic environment during COVID-19 pandemic, ADNTC continues to deliver strong shareholders value," ADNTC Chairman Khamis Buharoon Al Shamsi, said.

Meanwhile, the CEO of ADNTC, Osama Abdel Raouf Abdeen, noted: "We remain conscious to Takaful’s core principles and values as we take pride of distributing AED 6 million (cashback) in surplus to our eligible life policyholders in 2019 and AED 4.4 Million in 2018."

It is noteworthy to mention that in 2019, the company's net profits increased by 6.4% to AED 72.655 million from AED 68.345 million in 2018.