The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
Abu Dhabi National Insurance Company (Adnic) on Wednesday reported its financial results for the full year ended December 31, 2018.
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 of Adnic 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 ($64.15 million).