Dubai Islamic Insurance & Reinsurance Company
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Dubai Islamic Insurance & Financial Snapshot
Reinsurance Company Operating Performance
Fast Facts The company reported revenue of US$51.86 million
during the fiscal year 2010 (2010). The company's
Gulf Tower - B1 Mezzanine Floo, Bur Dubai, revenue grew at a CAGR of 79.31% during 2006 -
Headquarters Address
,United Arab Emirates 2010, with an annual decline of 11.04% over 2009. In
2010, the company recorded an operating margin of
Telephone + 971 4 3193111
11.13%, as against 9.61% in 2009.
Fax + 971 4 3193112
Revenue and Margins
Website N/A
Ticker Symbol, Stock Exchange AMAN, Dubai Stock Exchange
Number of Employees 59
Fiscal Year End December
Revenue (in US$ million) 51.86
Revenue (in AED million) 190.34
Return on Equity
SWOT Analysis The company recorded a return on equity (ROE) of
12.37% for 2010, as compared to its peers, Arab
Strengths Weaknesses Orient Insurance Company PSC (AOIC), Abu Dhabi
National Insurance Company (ADNIC) and Oman
Diversified product portfolio Declining top-line performance Insurance Company (PSC) (OIC), which recorded
ROEs of 22.24%, 6.94% and 6.50% respectively. The
company reported an operating margin of 11.13% in
Increasing profitability Ineffective resource management 2010.
Opportunities Threats
Return on Equity
Focus on non-resident Indians (NRI)
Changing regulations
segment
Growing UAE economy Intense competition
Growing UAE insurance market
Liquidity Position
The company reported a current ratio of 0.51 in 2010,
as compared to its peers, Arab Orient Insurance
Company PSC, Abu Dhabi National Insurance
Company and Oman Insurance Company (PSC) ,
which recorded current ratios of 0.00, 0.02 and 0.47
respectively. As of December 2010, the company
recorded cash and short-term investments of worth
US$0.00 million, against US$2.32 million current debt.
The company reported a debt to equity ratio of 0.01 in
2010 as compared to its peers, Arab Orient Insurance
Company PSC, Abu Dhabi National Insurance
Company and Oman Insurance Company (PSC) ,
which recorded debt to equity ratios of 0.00, 0.00 and
0.00 respectively.
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Dubai Islamic Insurance & Reinsurance Company - Page 1
SWOT Profile
Dubai Islamic Insurance & Reinsurance Company
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Total Revenues and Operating Profit ................................................................................................................9
2.2.2 Total Premiums Earned ...................................................................................................................................10
2.2.3 Asset, Liabilities and Capex .............................................................................................................................11
2.2.4 Gearing Ratio ...................................................................................................................................................12
2.2.5 Valuation ..........................................................................................................................................................13
2.3 Competitive Benchmarking ..................................................................................................................................14
2.3.1 Efficiency ..........................................................................................................................................................14
2.3.2 Total Premiums Earned ...................................................................................................................................15
2.3.3 Capital Expenditure ..........................................................................................................................................16
2.3.4 Asset Turnover .................................................................................................................................................17
3 SWOT Analysis ...................................................................................................................................... 18
3.1 SWOT Analysis - Overview ..................................................................................................................................18
3.2 Strengths ..............................................................................................................................................................18
3.3 Weaknesses .........................................................................................................................................................18
3.4 Opportunities ........................................................................................................................................................18
3.5 Threats .................................................................................................................................................................19
4 History .................................................................................................................................................... 20
5 Key Employees ...................................................................................................................................... 21
6 Locations and Subsidiaries .................................................................................................................. 22
6.1 Head Office ....................................................................................................