ADNIC announces first quarter 2019 financial results

Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers both for corporates and individuals, today reported its financial results for the first quarter ended 31 March 2019. ADNIC achieved significant gross written premium growth during the first quarter of 2019, with the company performing fairly well in terms of profitability with challenging market conditions. Gross written premiums increased by 42.8% to AED 1.74 billion, compared to AED 1.22 billion for the same period in 2018. ADNIC’s net profit reached AED 52.6 million for the first quarter ended 31 March 2019.

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