Ras Al Khaimah National Insurance Company P.S.C.
RAKNIC
ADX
Financials
Shariah compliance: iStatus follows DFM's quarterly Shari'a compliant list (Q1 2026), screened under criteria approved by the DFM Fatwa & Shari'a Supervisory Board. Classification may change each quarter.
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Price (AED)2.97 0%Close · 30 Oct 2026
Market Cap360.19M
P/E8.34
P/B1.59
Dividend Yield–
ROE19.06%
- Volume
- 1250.02x 30-day average
- Avg volume (30D)
- 6.2K
About the company
Ras Al Khaimah National Insurance Company P.S.C. (RAK Insurance), incorporated in 1976 and listed on the Abu Dhabi Securities Exchange since 2005, writes general, motor, health and life insurance in the UAE. RAKBANK holds the majority of its shares. It reports in UAE dirhams under IFRS 17 and has 121,275,000 shares.
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Year-end price history
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Shariah screening
See DFM's Shari'a status and a screen using S&P's methodology, with the debt, cash and income ratios behind it.
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Dividend calculator
at AED 2.97 per share (latest close)
You would receive–
Before a dividend is announced, choose an estimate. Once DFM publishes it, the announced amount is used automatically. Gross amount before any bank charges. Estimates only, not investment advice.
Dividend history
No DFM dividend records for this company since 2025.
Source: DFM dividend distribution records (2025 onwards). Yield uses the close before the ex-date.
Announcements
No announcements yet.
Source: DFM disclosures. Times are Dubai time.
Income Statement
Values in AED · click any row to chart the metric, click again to collapse
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Insurance & Takaful Revenue | 107.9M | 116.2M | 118.3M | 122.0M | 122.1M | 121.5M | 121.7M | 138.8M | 127.9M | 127.5M | 136.9M | 140.1M | 139.2M | 139.2M | 143.5M |
| Insurance Service Expenses | -109.7M | -101.7M | -117.9M | -90.3M | -102.7M | -204.5M | -88.6M | -83.4M | -78.7M | -134.5M | -184.1M | -89.3M | -103.7M | -126.5M | -77.1M |
| Net Reinsurance Result | -7.5M | -16.8M | 1.7M | -22.1M | -16.5M | 81.7M | -25.8M | -52.9M | -38.1M | 18.5M | 54.6M | -38.9M | -13.3M | -1.4M | -46.1M |
| Insurance Service Result | -9.4M | -2.3M | 2.1M | 9.7M | 3.0M | -1.4M | 7.3M | 2.4M | 11.1M | 11.4M | 7.4M | 11.9M | 22.3M | 11.3M | 20.3M |
| Net Investment Income | 3.9M | 4.0M | 3.3M | 3.7M | 3.7M | 3.9M | 4.5M | 4.5M | 4.6M | 5.4M | 5.9M | 6.5M | 6.3M | 6.5M | 4.0M |
| Net Insurance Finance Result | 2.6M | 3.8M | 4.1M | 108,613.00 | -244,087.00 | -710,053.00 | 495,681.00 | 103,415.00 | -715,561.00 | 282,437.00 | -1.1M | -758,087.00 | -2.9M | -78,380.00 | 664,079.00 |
| Net Insurance & Investment Result | -2.8M | 5.5M | 9.5M | 13.5M | 6.4M | 1.8M | 12.2M | 7.1M | 15.0M | 17.1M | 12.2M | 17.7M | 25.6M | 17.7M | 25.0M |
| Other Operating Income | 1.1M | 676,159.00 | 656,717.00 | 694,258.00 | 701,913.00 | 950,699.00 | 789,659.00 | 875,369.00 | 1.0M | 1.1M | 757,683.00 | 1.1M | – | – | – |
| Other Operating Expenses | -2.6M | -1.7M | -4.8M | -5.1M | -3.4M | -4.6M | -2.8M | -3.1M | -3.9M | -3.8M | -4.3M | -5.6M | -7.3M | -4.5M | -2.4M |
| Pre-Tax Income | -4.3M | 4.4M | 5.4M | 9.0M | 3.7M | -1.8M | 10.2M | 4.9M | 12.0M | 14.4M | 8.6M | 13.2M | 18.3M | 13.1M | 22.6M |
| Income Tax Expense | 0.00 | 0.00 | 0.00 | 0.00 | -288,388.00 | 163,705.00 | -921,940.00 | -440,983.00 | -1.0M | -1.3M | -1.3M | -1.4M | -1.6M | -1.2M | -2.0M |
| Net Income | -4.3M | 4.4M | 5.4M | 9.0M | 3.4M | -1.7M | 9.3M | 4.4M | 11.0M | 13.1M | 7.4M | 11.8M | 16.7M | 11.9M | 20.6M |
| Net Income (Owners of Parent) | -4.3M | 4.4M | 5.4M | 9.0M | 3.4M | -1.7M | 9.3M | 4.4M | 11.0M | 13.1M | 7.4M | 11.8M | 16.7M | 11.9M | 20.6M |
| EPS (AED) | -0.04 | 0.04 | 0.04 | 0.07 | 0.03 | -0.01 | 0.08 | 0.04 | 0.09 | 0.11 | 0.06 | 0.10 | 0.14 | 0.10 | 0.17 |
| Shares Outstanding | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M |
Balance Sheet
Values in AED · click any row to chart the metric, click again to collapse
| Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.2M | 28.5M | 87.0M | 97.6M | 93.6M | 117.5M | 51.1M | 24.3M | 7.5M | 11.4M | 21.2M | 16.1M | 38.7M |
| Investment Securities | 118.9M | 135.2M | 148.6M | 170.0M | 186.5M | 222.5M | 234.2M | 239.3M | 336.7M | 332.2M | 350.9M | 369.9M | 367.7M |
| Insurance Contract Assets | – | – | – | – | – | – | – | – | – | – | 11.0M | 20.6M | 11.2M |
| Reinsurance Contract Assets | 182.0M | 176.3M | 148.0M | 268.0M | 282.3M | 231.6M | 219.3M | 248.1M | 322.8M | 319.1M | 291.3M | 305.4M | 263.7M |
| Trade & Other Receivables | 8.2M | 4.5M | 16.3M | 26.1M | 16.1M | 9.6M | 15.0M | 12.9M | 15.5M | 13.8M | 15.2M | 12.0M | 13.6M |
| Other Assets & Prepayments | – | – | 8,606.00 | 2,695.00 | – | – | – | – | – | – | 786,130.00 | 324,471.00 | 1.2M |
| Other Financial Assets | 267.4M | 254.0M | 246.3M | 189.3M | 206.9M | 188.4M | 205.5M | 220.3M | 189.0M | 174.1M | 170.5M | 176.0M | 166.5M |
| Property, Plant & Equipment | 706,950.00 | 484,750.00 | 385,493.00 | 318,367.00 | 833,846.00 | 755,530.00 | 723,177.00 | 654,360.00 | 963,172.00 | 1.0M | 1.0M | 956,775.00 | 1.3M |
| Intangible Assets | 4.5M | 4.5M | 4.4M | 4.1M | 3.7M | 3.7M | 3.3M | 3.1M | 2.7M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 593.0M | 603.4M | 651.0M | 755.5M | 789.9M | 774.1M | 729.3M | 748.6M | 875.2M | 851.8M | 861.9M | 901.3M | 863.9M |
| Insurance Contract Liabilities | 377.6M | 364.7M | 385.8M | 491.5M | 484.8M | 479.6M | 440.0M | 500.5M | 569.6M | 572.6M | 569.0M | 586.4M | 543.4M |
| Reinsurance Contract Liabilities | 1.9M | 1.4M | 1.4M | 12.0M | 37.5M | 27.9M | 32.7M | 23.0M | 30.1M | 30.9M | 35.6M | 42.3M | 35.1M |
| Trade & Other Payables | 6.5M | 12.1M | 16.0M | 14.7M | 14.1M | 6.3M | 11.4M | 7.5M | 7.5M | 8.4M | 12.5M | 9.2M | 9.6M |
| Income Tax Payable | 0.00 | 0.00 | 271,824.00 | 89,233.00 | 1.0M | 1.5M | 2.6M | 3.9M | 5.2M | 4.7M | 6.2M | 7.4M | 9.5M |
| Deferred Tax Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 501,253.00 | 148,405.00 | 397,312.00 | 558,791.00 | 930,040.00 | 693,800.00 | 0.00 | 0.00 | 0.00 |
| Loans & Borrowings | 54.9M | 59.4M | 78.4M | 69.9M | 69.9M | 74.9M | 45.0M | 0.00 | 37.4M | 0.00 | 0.00 | 0.00 | 0.00 |
| End-of-Service Benefits | 7.0M | 6.3M | 6.4M | 6.5M | 6.6M | 6.8M | 7.0M | 7.4M | 7.6M | 7.8M | 7.8M | 7.7M | 7.9M |
| Total Debt | 54.9M | 59.4M | 78.4M | 69.9M | 69.9M | 74.9M | 45.0M | 0.00 | 37.4M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 447.8M | 443.9M | 488.3M | 594.6M | 614.4M | 597.2M | 539.0M | 542.8M | 658.2M | 625.1M | 631.1M | 653.0M | 605.4M |
| Share Capital | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M | 121.3M |
| Reserves | 58.8M | 65.8M | 66.3M | 66.4M | 71.9M | 70.6M | 53.5M | 56.1M | 60.1M | 62.7M | 50.6M | 56.3M | 46.2M |
| Retained Earnings | -34.9M | -27.5M | -24.8M | -26.7M | -17.6M | -15.0M | 15.6M | 28.4M | 35.5M | 42.7M | 58.9M | 70.7M | 91.0M |
| Equity (Owners of Parent) | 145.2M | 159.6M | 162.7M | 160.9M | 175.6M | 176.9M | 190.3M | 205.8M | 216.9M | 226.6M | 230.8M | 248.3M | 258.5M |
| Total Equity | 145.2M | 159.6M | 162.7M | 160.9M | 175.6M | 176.9M | 190.3M | 205.8M | 216.9M | 226.6M | 230.8M | 248.3M | 258.5M |
Cash Flow
Values in AED · click any row to chart the metric, click again to collapse
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.2M | -878,935.00 | -19.9M | 2.9M | 43.4M | -21.1M | 21.4M | 35.8M | -14.8M | 30.3M | 3.5M | 18.3M | 37.4M | 5.9M | 17.8M |
| Investing Cash Flow | -2.5M | 7.2M | 9.6M | 9.9M | -3.9M | 40.3M | -25.5M | -16.9M | -21.6M | -12.1M | -57.6M | 23.0M | -27.6M | -11.1M | 4.8M |
| Capital Expenditure | -243,849.00 | -64,981.00 | -96,585.00 | -383,415.00 | -364,075.00 | -48,077.00 | -652,800.00 | -447,507.00 | -69,883.00 | -181,501.00 | -388,193.00 | -490,641.00 | -88,049.00 | -33,700.00 | -411,419.00 |
| Financing Cash Flow | 10.5M | -4.9M | -750,000.00 | 4.5M | 19.0M | -8.5M | 19,631.00 | 5.0M | -29.9M | -45.0M | 37.4M | -37.4M | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 2.9M | -943,916.00 | -20.0M | 2.6M | 43.1M | -21.2M | 20.8M | 35.3M | -14.9M | 30.1M | 3.1M | 17.9M | 37.3M | 5.9M | 17.4M |
Insurance & Takaful Revenue
Insurance Service Result
Net Investment Income
Net Insurance & Investment Result
Net Income
EPS (AED)
Shares Outstanding
Total Assets
Investment Securities
Cash & Equivalents
Insurance Contract Liabilities
Reinsurance Contract Assets
Total Liabilities
Total Equity
Combined Ratio
Insurance Service Margin
Reinsurance Cost / Revenue
Investment Yield
Net Margin
P/E
P/B
P/S Ratio
Price / FCF
Net Worth (Market Cap)
ROE
ROA
Return on Tangible Equity
Equity / Assets
Dividend Yield
Employee Count
Market Information
- 2026-10-21 Q3 2026 Financial Results PDF ↓
- 2026-07-16 Q2 2026 Financial Results PDF ↓
- 2026-04-23 Q1 2026 Financial Results PDF ↓
- 2026-02-02 FY 2025 Financial Results PDF ↓
- 2025-10-21 Q3 2025 Financial Results PDF ↓
- 2025-07-17 Q2 2025 Financial Results PDF ↓
- 2025-04-17 Q1 2025 Financial Results PDF ↓
- 2025-01-22 FY 2024 Financial Results PDF ↓
- 2024-10-15 Q3 2024 Financial Results PDF ↓
- 2024-07-25 Q2 2024 Financial Results PDF ↓
- 2024-04-25 Q1 2024 Financial Results PDF ↓
- 2024-02-01 FY 2023 Financial Results PDF ↓
- 2023-10-25 Q3 2023 Financial Results PDF ↓