ADNIC’s profit rising by 11.3%

Abu Dhabi National Insurance Co. (ADNIC) has seen its net profit increase by 11.3% at 158 million AED (43 million USD) in 2011.

Written premiums leapt by 16.9% at 2.07 billion AED (563 million USD) and underwriting results by 23.9% at 275 million AED (74.8 million USD). The company attributed this performance to the increase of its retention level and to its efforts in cross-selling.

It is the sixth year in a row that ADNIC make a two-digit growth of its turnover and profit.