Adnic profit up 22.6%

ABU DHABI / WAM

Abu Dhabi National Insurance Company (Adnic) announced its financial resu- lts for first nine months of the year. Adnic reported net profit of AED218.8 million for the period, up 22.6% compared with the same period of last year.
Sheikh Mohamed bin Saif Al-Nahyan, Chairman of Adnic, said, “The results stand as testament to the company’s continuous efforts to become the insurer of choice for customers, and its target to optimise return on investment for shareholders. Adnic’s leading perf- ormance across the business is driven by a successful strategy of rev- enue stream diversification across different insurance segments, new product development, a clear focus on underwriting quality, and greater business efficiency.”