Al Sagr National Insurance Co. PSC
DDFM:ASNIC0.66
AED
0.00
(0.00%)
ISIN
AEA002101011
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
-9.88
81.12
5Y
-18.89
68.34
Capital Structure
AED
•
in mil. unless spec.Working Capital
AED
•
in mil. unless spec.Growth Rates
AED
•
in mil. unless spec.Quarterly Revenue
AED
•
in mil. unless spec.Quarterly Earnings Per Share
AED
•
in mil. unless spec.Quarterly Dividends Per Share
AED
•
in mil. unless spec.Company Description
- CEO
- Abdel Muhsen Nafez Jaber
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dubai United Arab Emirates
- IPO Date
- Dec 5, 2005
- Website
- alsagrins.ae
- Similar Companies
- Business
- Al Sagr National Insurance Company (PSC) is a United Arab Emirates-based public shareholding company engaged in the provision of non-life, life, and health insurance solutions, as well as reinsurance services, to individual, commercial, and institutional clients. Founded in 1979 and headquartered in Dubai, United Arab Emirates, the company operates across two core business segments: General Insurance and Life & Medical Insurance. Its comprehensive portfolio of underwriting products and services is structured across personal and commercial lines, comprising: Motor Insurance, including comprehensive motor vehicle coverage, third-party liability, agency repair options, roadside assistance, and passenger accident benefits; Medical and Health Insurance, encompassing individual and family health plans, domestic worker medical policies, and customized corporate group health insurance schemes with third-party administrator network access; Property Insurance, featuring commercial property all risks, fire and allied perils, business interruption, home contents, and burglary coverage; Marine and Aviation Insurance, offering marine cargo, freight transit, hull and machinery, and pleasure craft protection; Engineering Insurance, providing contractors all risks, erection all risks, machinery breakdown, and electronic equipment coverage; Liability Insurance, including general third-party liability, product liability, employer liability, workmen compensation, professional indemnity, and directors and officers liability; Financial Lines, consisting of fidelity guarantee, money-in-transit, and commercial crime insurance; and Life and Personal Accident Insurance, delivering individual term life, group term life, personal accident, and credit life solutions. The company serves retail policyholders, small and medium enterprises, and large corporate accounts through direct sales channels, online customer portals, a network of licensed insurance brokers, and branch offices located across Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman, and Ras Al Khaimah. In recent developments, Al Sagr National Insurance Company has implemented strategic restructuring and capital management initiatives to optimize underwriting efficiency and fulfill enhanced regulatory solvency guidelines established by the Central Bank of the UAE and the Securities and Commodities Authority. The company has fully adopted International Financial Reporting Standard 17 (IFRS 17) for insurance contract measurement, modernized its core policy administration and automated claims processing systems, deployed upgraded digital self-service platforms for retail policy issuance, and restructured its reinsurance treaty arrangements to enhance risk retention standards and improve underwriting profitability.