Abu Dhabi National Insurance Company achieved a qualitative leap in its assets during the first half of the year, recording a 41% increase.
Abu Dhabi National Insurance Company (ADNIC) has announced strong financial results for the first quarter of the year, with its pre-tax profits rising by 10% to AED 224.3 million, whileNet profit reachedAbout 205.2 million dirhams. Reflecting the company’s strong performanceAnd the sustainability of its growth.
Abu Dhabi National Insurance Company (ADNIC) achieved a qualitative leap in its assets during the first half of the year, recording a 41% increase to reach a total of AED 10.9 billion on June 30, 2024, compared to AED 7.7 billion on December 31, 2023, with an increase in shareholders’ equity to AED 3.2 billion.
The company’s insurance revenues witnessed a strong growth of 54% during the first half of the year, reaching AED 3.3 billion, compared to AED 2.1 billion for the same period in 2023, driven by an increase in net insurance service results by 15% and net investment income by 8%.
