Dubai – Mubasher: Takaful Emarat – Insurance has logged net losses attributable to the shareholders of AED 5.772 million during the first nine months of 2021, against net profits of AED 6.304 million in the corresponding period of 2020, according to the company's unaudited consolidated financials for the nine-month period ended 30 September 2021.
The company's net claims incurred increased to AED 234.951 million in the January-September period of 2021 from AED 185.572 million in the same period of the earlier year.
The insurer reported a net takaful income of AED 69.838 million in the first nine months of 2021, up from AED 58.854 million in the corresponding period of 2020.
The losses per share settled at AED 0.038 in the January-September period of 2021, against earnings per share (EPS) of AED 0.042 during the year-ago period.
In the meantime, the company has incurred accumulated losses of AED 73.026 million as of the third quarter (Q3) of 2021, representing 48.68% of the capital.
It is noteworthy to mention that during the first half (H1) of 2021, the company incurred net losses of AED 7.144 million, against net profits of AED 769,306 in the corresponding period of 2020.
