Abu dhabi: PureHealth has announced that its insurance arm, The National Insurance Company - Daman, has been assigned an A1 Insurance Financial Strength Rating (IFSR) by Moody's Ratings with a stable outlook.
According to Emirates News Agency, the A1 rating is the highest IFSR assigned by Moody's to a UAE insurance company and the highest across the GCC among life, property and casualty, and reinsurance companies. This rating highlights Daman's market leadership, financial resilience, and long-term growth prospects.
The rating reflects Daman's resilient business model, strong capital position, disciplined risk management framework, and ability to maintain operational continuity and financial strength across varying economic and market conditions. Shaista Asif, Group Chief Executive Officer of PureHealth, stated that Daman has built one of the strongest insurance franchises in the UAE. The rating underscores the quality of the business, the consistency of its performance, and the strength of its leadership position.
Moody's highlighted Daman's leading market position, strong profitability, resilient capital adequacy, high-quality reinsurance support, and liquid investment portfolio as key drivers supporting the rating. The company's growing presence in property and casualty insurance is expected to further enhance the diversification of earnings over time.
Khaled Ateeq Aldhaheri, Chief Executive Officer of Daman, remarked that the rating reflects a precise strategy of transformation, disciplined execution, and strong underwriting performance. It also acknowledges the progress made in evolving Daman beyond a leading health insurer into a broader insurance platform.
The rating builds on Daman's strong operational and financial momentum. In Q1 2026, PureHealth's insurance business generated AED2 billion in revenue and AED3.8 billion in gross written premiums, while expanding its insured member base to 3.4 million and reporting a net profit of AED185 million.
