The National Takaful Company (Watania) achieved 78% growth in profits for the first nine months of 2020 to reach 17.8 million dirhams, compared to 10 million dirhams during The same period last year.
According to the Emirates News Agency, Dr. Ali Saeed bin Harmal Al Dhaheri, Chairman of the Company’s Board of Directors, said that the most prominent performance features were the solidarity operations that recorded a surplus of 12.5 million dirhams Compared to 4.7 million dirhams for the same period in 2019, which means growth of 168%.
Al Dhaheri added that despite the exceptional circumstances the world is going through, the company was able to maintain its investment income at the same level as the previous year, while rationalizing and controlling its expenditures, which led to improvement The percentage of combined operations, a key measure of insurance companies' performance, from 97% in 2019 to 92% in 2020.
