ADNIC posts Dhs158m profit for 2011

01 March 2012

Abu Dhabi National Insurance Co (ADNIC) has reported an 11% rise net profit of Dhs158m for the year ended December 31, 2011, compared with a profit of Dhs142m for the previous year, Wam has reported. Total assets increased to Dhs3.67m compared with Dhs3.596m at December 31, 2010. Gross written premium increased to Dhs2.066m for this year against Dhs1.77m for 2010. Net underwriting income for the period rose to Dhs275m compared with Dhs222m for the same period a year earlier.

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