ADNTC

AM Best Revises Outlooks to Stable for Abu Dhabi National Takaful Company P.S.C.

Thursday, October 14, 2021 - 7:00pm

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.

Key Points: 
  • AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Abu Dhabi National Takaful Company P.S.C.
  • The effect was more pronounced on the company's family takaful portfolio than on its general takaful portfolio, which remained stable over the year.
  • AM Best considers the takaful regulations in the UAE to be sufficiently strong, given the protection it provides to policyholders.
  • AM Best expects prospective risk-adjusted capitalisation to remain comfortably above the strongest threshold as the company executes its business plan.