Albuhaira National Insurance Company

Claim Services

Click here to find information on Medical Insurance Claims.

Click here to find information on Motor Insurance Claims

Timings and Location

Our office timings are 8:00 AM to 1:30 PM ; 2:30 PM to 5:00 PM (Sunday to Thursay). Click here to find details and location map of our various Offices.

Quarter Report 2015 - 1

CONSOLIDATED PROFIT AND LOSS ACCOUNT
For The Period Ended 31st March 2015

DEPARTMENTAL PROFITS

2015
DH ‘ 000

2014
DH ‘ 000

.

Accident & Liability

9,887

4,982

Fire & General

3,345

3,979

Marine & Aviation

4,174

2,633

Other Kind of Insurance

(270)

7,483

 

17,136

19,078

.

Investment Revenues

11,667

13,016

Finance Cost                                       

(4,071)
(4,888)

Unallocated general & administrative expenses

(6,667)

(1,721)

.

NET PROFIT FOR THE PERIOD

23,022

25,485

.

Basic Earnings Per Share

0.09

0.10

.

US $ 1.00 = DH. 3.675

CONSOLIDATED BALANCE SHEET AS OF:

CURRENT ASSETS

31st March. 2015
DH ‘ 000

31st Dec. 2014
DH ‘ 000

 

Cash and Bank Deposits

183,166

165,155

Insurance and other receivables

398,314

376,054

Reinsurance Contract Assets

212,218

209,306


Bank - Fixed Income Note
10,100 -

Total Current Assets

803,798

750,515

 

Non - CURRENT ASSETS

 

Investment Property

930,541

9480,941

Tangible Assets

5,871

6,199

Investment in Securities

54,237

57,130

Statutory Deposits 6,000 ..6,000

Total Non - Current Assets

996,649

1,018,270

TOTAL ASSETS

1,800,447

1,768,785

.

CURRENT LIABILITIES

Total Creditors

354,442

361,731

Insurance Contract Liabilities

388,458

361,029

Total Current Liabilities

742,900

722,760

.

NON-CURRENT LIABILITIES

Long Term Loan

349,489

359,926

Provision Employee's EOS indemnity & provident fund

29,452

29,283

Retention Payable

5,396

5,396

Total Non-Current Liabilities

384,337

394,605

TOTAL LIABILITIES

1,127,237

1,117,365

.

SHARE HOLDERS’ EQUITY

Share Capital

250,000

250,000

Statutory Reserve

98,558

98,558

General Reserve

200,000

200,000

Change in Fair Value of Securities

(12,243)

(11,012)

Retained Earnings

136,895

113,874

.

Shareholders’ Fund

673,210

651,420

.

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

1,800,447

1,768,785

 
You are here: Home Reports Quarter Reports - 2015 First Quarter - 2015

Our track record has been consistently successfull, thanks to the increasing trust and confidence our clients have reposed in us. In an intensely competitive field, ABNIC has stood it ground by virtue of its financial soundness, stratergic positioning of its products and services to fulfil ever changing insurance needs.

More Details