2018 Results: ADNIC’s Net Profit, Premium Witness 3.7 and 10.1 Percent Increase Respectively

Abu Dhabi (WAM)– Abu Dhabi National Insurance Company (ADNIC) has recorded its financial results for the full year ended 31 December 2018, posting 3.7 percent increase in net profit year-on-year to reach AED235.6 million.

ADNIC delivered a strong set of results, with gross written premiums up by 10.1% year-on-year to AED 2.91 billion driven by growth across core lines of business. Net technical profit increased by 22.8% to AED145.4 million due to strong margins in key portfolios. 2018 net profit increased by 3.7% year-on-year to reach AED235.6 million. ADNIC’s strong performance in 2018 has enabled the Board of Directors to recommend the distribution of a cash dividend of 30 fils per share.