AM Best confirms Abu Dhabi National Takaful's rating

AM Best has confirmed Abu Dhabi National Takaful Company's (ADNTC) “A-” (Excellent) financial strength and “a-” long-term credit ratings. The outlook remains stable.

The agency noted that the Emirati insurer's operating performance is solid. For the year 2023, the company posted a net profit of 97 million AED (26.4 million USD), a return on equity (ROE) of 22.4% and a net combined ratio of 84.8%.