Al Khaleej Takaful Insurance Company QPSC operates in the Fire, marine, and casualty insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Al Khaleej Takaful Insurance Company QPSC with three other
insurance companies in Middle East:
Alinma Tokio Marine Company SJSC
of SAUDI ARABIA
(2020
sales of 177.63 million Saudi Arabian Riyals [US$47.36 million]
of which 45%
was Motors),
Solidarity Bahrain BSC
of BAHRAIN
(17.99 million Bahrainian Dinars [US$47.73 million]
of which 52%
was Motor), and
Dubai National Insurance and Reinsurance Co PSC
which is
based in UNITED ARAB EMIRATES
(170.45 million UAE Dirham [US$46.41 million]
of which 186%
was Underwriting).
Sales Analysis.
Al Khaleej Takaful Insurance Company QPSC reported sales of 167.18 million Qatari Rial (US$45.90 million)
for the
year ending
December of 2020.
This
represents
a
decrease of 4.4%
versus 2019, when the company's sales were 174.83 million Qatari Rial.
Contributing to the drop in overall sales was the 42.1% decline
in General Accidents, from 16.40 million Qatari Rial to 9.50 million Qatari Rial.
There were also decreases in sales in
Takaful (Life) (down 4.6% to 33.53 million Qatari Rial)
.
However, these declines were partially offset by the increase in sales of
Motor (up 11.3% to 87.41 million Qatari Rial)
and
Fire (up 16.7% to 10.32 million Qatari Rial)
and
Marine (up 20.1% to 4.45 million Qatari Rial)
.