New Risk • Mar 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 8,259% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 182% Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: د.إ1.85 (vs د.إ1.86 loss in FY 2024) Full year 2025 results: EPS: د.إ1.85 (up from د.إ1.86 loss in FY 2024). Revenue: د.إ713.5m (up 3.2% from FY 2024). Net income: د.إ27.8m (up د.إ55.7m from FY 2024). Profit margin: 3.9% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Board Change • Feb 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 14
Al Ain Ahlia Insurance Company P.S.C. Announces Resignation of Shaikha Nasser Mohamad Ali Alnuwais from Her Membership on the Board of Directors and the Audit Committee, Effective as of 05 January 2026 Al Ain Ahlia Insurance Company P.S.C. Board of Directors approved the acceptance of the resignation of Ms. Shaikha Nasser Mohamad Ali Alnuwais from her membership on the Board of Directors and the Audit Committee, effective as of 05 January 2026. The Chairman of the Board was authorized to issue a letter of appreciation in recognition of her contributions during her term of service. The Board resolved to open the nomination process to fill the vacant Board seat with a female UAE national, in compliance with diversity requirements and in furtherance of corporate governance principles, and in accordance with the criteria of competence, integrity, independence, and professional suitability, as well as the applicable laws and regulatory instructions issued by the competent authorities. The Board assigned the Nomination and Remuneration Committee to undertake all regulatory and technical procedures relating to the nomination process, including the announcement of the nomination, review of candidate applications, verification of compliance with Fit & Proper requirements and absence of conflicts of interest, and submission of recommendations to the Board for approval of the most suitable candidate. The appointment shall be presented to the General Assembly at its first meeting for ratification in accordance with the applicable regulations. This resolution shall take effect as of the date of issuance. The Board Secretary is mandated to complete all execution, disclosure, regulatory coordination, and institutional record update procedures and to present the resolution to the next Board meeting for formal ratification and recording in the minutes. Board Change • Dec 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (7 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 07
Al Ain Ahlia Insurance Company P.S.C. to Report Q3, 2025 Results on Nov 12, 2025 Al Ain Ahlia Insurance Company P.S.C. announced that they will report Q3, 2025 results on Nov 12, 2025 Board Change • Oct 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (7 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Sep 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 286% Earnings have declined by 38% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Board Change • Sep 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (7 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: د.إ0.45 (vs د.إ0.39 loss in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.45 (up from د.إ0.39 loss in 2Q 2024). Revenue: د.إ170.8m (up 9.9% from 2Q 2024). Net income: د.إ6.70m (up د.إ12.5m from 2Q 2024). Profit margin: 3.9% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (7 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 09
Al Ain Ahlia Insurance Company P.S.C. to Report Q2, 2025 Results on Aug 14, 2025 Al Ain Ahlia Insurance Company P.S.C. announced that they will report Q2, 2025 results on Aug 14, 2025 Board Change • May 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Non-Executive Independent Director Saeed Ahmad Almazrouei was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: د.إ1.19 (vs د.إ0.29 in 1Q 2024) First quarter 2025 results: EPS: د.إ1.19 (up from د.إ0.29 in 1Q 2024). Revenue: د.إ209.8m (up 33% from 1Q 2024). Net income: د.إ17.8m (up 306% from 1Q 2024). Profit margin: 8.5% (up from 2.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • May 09
Al Ain Ahlia Insurance Company P.S.C. to Report Q1, 2025 Results on May 15, 2025 Al Ain Ahlia Insurance Company P.S.C. announced that they will report Q1, 2025 results on May 15, 2025 Declared Dividend • May 06
Dividend of د.إ2.00 announced Dividend of د.إ2.00 is the same as last year. Ex-date: 8th May 2025 Payment date: 1st January 1970 Dividend yield will be 6.7%, which is higher than the industry average of 5.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Apr 30
Al Ain Ahlia Insurance Company P.S.C. Approves Distribution for the Financial Year Ended Dec. 31, 2024 Al Ain Ahlia Insurance Company P.S.C. at its AGM held on April 29, 2025, approved the Board of Directors' proposal to distribute 20% of the company's retained earnings equivalent to AED 2 per share, totaling AED 30 million for the financial year ending December 31, 2024, subject to the approval of the relevant authorities. Declared Dividend • Mar 30
Dividend of د.إ2.00 announced Dividend of د.إ2.00 is the same as last year. Ex-date: 8th May 2025 Payment date: 1st January 1970 Dividend yield will be 6.7%, which is higher than the industry average of 5.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 27
Al Ain Ahlia Insurance Company P.S.C. Proposes Distribution for the Financial Year Ended Dec. 31, 2024 Al Ain Ahlia Insurance Company P.S.C. proposed to approve the recommendation of the Board to distribute 20% of the company's retained earnings (AED 2 per share), amounting to AED 30 million for the financial year ended Dec. 31, 2024 after obtaining the approval of the relevant authorities, at its AGM to be held on Apr. 29, 2025. Reported Earnings • Mar 22
Full year 2024 earnings released: د.إ1.86 loss per share (vs د.إ2.31 profit in FY 2023) Full year 2024 results: د.إ1.86 loss per share (down from د.إ2.31 profit in FY 2023). Revenue: د.إ691.5m (up 81% from FY 2023). Net loss: د.إ27.9m (down 181% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Zayed Bin Suroor Bin AL Nahyan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 15
Third quarter 2024 earnings released: د.إ2.50 loss per share (vs د.إ1.40 profit in 3Q 2023) Third quarter 2024 results: د.إ2.50 loss per share (down from د.إ1.40 profit in 3Q 2023). Revenue: د.إ183.1m (up 88% from 3Q 2023). Net loss: د.إ37.4m (down 278% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 10
Al Ain Ahlia Insurance Company P.S.C. to Report Q3, 2024 Results on Nov 14, 2024 Al Ain Ahlia Insurance Company P.S.C. announced that they will report Q3, 2024 results at 7:00 AM, Coordinated Universal Time on Nov 14, 2024 Reported Earnings • Aug 15
Second quarter 2024 earnings released: د.إ0.39 loss per share (vs د.إ0.38 profit in 2Q 2023) Second quarter 2024 results: د.إ0.39 loss per share (down from د.إ0.38 profit in 2Q 2023). Revenue: د.إ152.2m (up 84% from 2Q 2023). Net loss: د.إ5.80m (down 203% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 09
Al Ain Ahlia Insurance Company P.S.C. to Report Q2, 2024 Results on Aug 14, 2024 Al Ain Ahlia Insurance Company P.S.C. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 15
First quarter 2024 earnings released: EPS: د.إ0.29 (vs د.إ0.82 in 1Q 2023) First quarter 2024 results: EPS: د.إ0.29 (down from د.إ0.82 in 1Q 2023). Revenue: د.إ158.1m (up 65% from 1Q 2023). Net income: د.إ4.39m (down 65% from 1Q 2023). Profit margin: 2.8% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 26
Al Ain Ahlia Insurance Company P.S.C., Annual General Meeting, Apr 23, 2024 Al Ain Ahlia Insurance Company P.S.C., Annual General Meeting, Apr 23, 2024, at 07:00 Coordinated Universal Time. Location: Pearl Rotana Capital Centre Hotel Abu Dhabi United Arab Emirates Agenda: To hear and approve the Board of Directors' Report on the Company's activity and its financial position for the fiscal year ended on 31/12/2023; to review and approve the report of the external auditors of the financial position of the Company for the financial year ended on 31/12/2023; to discuss and approve the Company's balance sheet and its profit and loss accounts for the financial year ended on 31/12/2023; to approve a proposal concerning the remuneration of the members of the Board of Directors for the year 2023 & determine the amount thereof; to discharge the liability of the members of the Board of Directors for the year ended on 31/12/2023 or remove them and file a liability action against them, as the case may be; and to discuss other matters. New Risk • Feb 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.0% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.0% net profit margin). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Zayed Bin Suroor Bin AL Nahyan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 25
Al Ain Ahlia Insurance Company P.S.C. Approves Recognition of Risk Committee The board of directors of Al Ain Ahlia Insurance Company P.S.C. meeting held on November 23, 2023, approved the risk committee was reconstituted with: Mr. Saeed Ahmed Omran Almozrouei "Independent Member", Mr. Mohamed Abduljabbar Alsayegh "Independent Member", Mr. Faysal Jasim Al Khalufi "Independent Member" and Mr. Khaled Mohamed Albadi Aldhaheri "Non-Independent Member". Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: د.إ1.40 (vs د.إ0.034 in 3Q 2022) Third quarter 2023 results: EPS: د.إ1.40 (up from د.إ0.034 in 3Q 2022). Revenue: د.إ93.9m (up 25% from 3Q 2022). Net income: د.إ21.0m (up د.إ20.5m from 3Q 2022). Profit margin: 22% (up from 0.7% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: د.إ0.38 (vs د.إ1.13 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.38 (down from د.إ1.13 in 2Q 2022). Revenue: د.إ80.6m (down 11% from 2Q 2022). Net income: د.إ5.64m (down 67% from 2Q 2022). Profit margin: 7.0% (down from 19% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: د.إ4.21 (vs د.إ5.55 in FY 2021) Full year 2022 results: EPS: د.إ4.21 (down from د.إ5.55 in FY 2021). Revenue: د.إ349.7m (down 3.4% from FY 2021). Net income: د.إ63.1m (down 24% from FY 2021). Profit margin: 18% (down from 23% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: د.إ0.03 (vs د.إ1.98 in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.03 (down from د.إ1.98 in 3Q 2021). Revenue: د.إ74.9m (down 10% from 3Q 2021). Net income: د.إ516.0k (down 98% from 3Q 2021). Profit margin: 0.7% (down from 36% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: د.إ0.03 (vs د.إ1.98 in 3Q 2021) Third quarter 2022 results: EPS: د.إ0.03 (down from د.إ1.98 in 3Q 2021). Revenue: د.إ74.9m (down 10% from 3Q 2021). Net income: د.إ516.0k (down 98% from 3Q 2021). Profit margin: 0.7% (down from 36% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: د.إ1.13 (vs د.إ1.50 in 2Q 2021) Second quarter 2022 results: EPS: د.إ1.13 (down from د.إ1.50 in 2Q 2021). Revenue: د.إ90.6m (down 7.1% from 2Q 2021). Net income: د.إ16.9m (down 25% from 2Q 2021). Profit margin: 19% (down from 23% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: د.إ1.03 (vs د.إ0.91 in 1Q 2021) First quarter 2022 results: EPS: د.إ1.03 (up from د.إ0.91 in 1Q 2021). Revenue: د.إ102.6m (up 11% from 1Q 2021). Net income: د.إ15.5m (up 14% from 1Q 2021). Profit margin: 15% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of د.إ3.00 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 03 May 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of Emirian dividend payers (5.3%). Higher than average of industry peers (5.8%). Announcement • Mar 01
Al Ain Ahlia Insurance Company P.S.C., Annual General Meeting, Mar 22, 2022 Al Ain Ahlia Insurance Company P.S.C., Annual General Meeting, Mar 22, 2022, at 07:00 Coordinated Universal Time. Agenda: To hear and approve report on the Company's activity and its financial position for the fiscal year ended on Dec. 31, 2021; to review and approve the report of the external auditors of the financial position of the Company; to Discuss and approve the Company's balance sheet and its profit and loss accounts; to approve the recommendation of the Board of Directors of the Company to distribute 30% of the capital; to approve a proposal concerning the remuneration of the members of the Board of Directors for 2021; to discharge the liability of the members of the Board of Directors for the fiscal year ended on Dec. 31, 2021; to discharge the liability of the auditors for the fiscal year ended on Dec. 31, 2021; to appoint the auditors the year for 2022; to approve the Policy of the Nomination and Remuneration; and to approve the voluntary contribution in community activities and authorize the Board of Directors to determine the entities to which these amounts will be allocated. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ5.55 (up from د.إ5.07 in FY 2020). Revenue: د.إ365.7m (down 4.0% from FY 2020). Net income: د.إ83.3m (up 9.6% from FY 2020). Profit margin: 23% (up from 20% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Al Ain Ahlia Insurance Company P.S.C. Proposes Cash Dividend or the Year Ended 31 December 2021 Al Ain Ahlia Insurance Company P.S.C. announced that Board of Directors has proposed cash dividends of 30% which is AED 3 per share amounting toAED 45 million for the year ended 31 December 2021 to be paid to the shareholders in 2022. The proposed dividends are subject to the approval of the shareholders at the Annual General Meeting. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS د.إ1.98 (vs د.إ1.85 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: د.إ83.5m (down 17% from 3Q 2020). Net income: د.إ29.7m (up 6.7% from 3Q 2020). Profit margin: 36% (up from 28% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2021 earnings released: EPS د.إ0.91 (vs د.إ0.62 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: د.إ92.5m (down 12% from 1Q 2020). Net income: د.إ13.6m (up 45% from 1Q 2020). Profit margin: 15% (up from 8.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Al Ain Ahlia Insurance Co. P.S.C., Annual General Meeting, Apr 05, 2021 Al Ain Ahlia Insurance Co. P.S.C., Annual General Meeting, Apr 05, 2021, at 07:00 Coordinated Universal Time. Agenda: To hear and approve the Board of Directors' Report on the Company's activity and its financial position and to review and approve the report of the external auditors for the fiscal year ended on 31/12/2020; to discuss and approve the Company's balance sheet and its profit and loss accounts; to approve the recommendation of the Board of Directors of the Company; to discharge the liability of the members of the Board of Directors; to discharge the auditors; to appoint the auditors for 2021 and determine their fees; to approve the appointment of Dr. Yousef Al Sharif law Firm and Mr. Saeed Al Rashdi Law Firm as the representatives of the shareholders and to determine their fees; and to elect the members of the Board of Directors; to approve the amendment of the articles of the Company's Articles of Association; and to approve the voluntary contribution in community activities. Is New 90 Day High Low • Mar 02
New 90-day low: د.إ33.42 The company is down 10.0% from its price of د.إ37.00 on 30 November 2020. The Emirian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is flat over the same period. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS د.إ5.07 (vs د.إ3.85 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: د.إ380.8m (down 7.1% from FY 2019). Net income: د.إ76.0m (up 32% from FY 2019). Profit margin: 20% (up from 14% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS د.إ1.85 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: د.إ100.8m (up 3.0% from 3Q 2019). Net income: د.إ27.8m (up 146% from 3Q 2019). Profit margin: 28% (up from 12% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.