ADNIC: 2022 results

Abu Dhabi National Insurance Company (ADNIC) has released its key business indicators for the year 2022.

As at 31 December 2022, the Emirati insurer has posted a 20.1% annual turnover increase, in local currency, to reach 5.13 billion AED (1.4 billion USD).

The net profit amounted to 377.9 million AED (102.9 million USD), falling by 5.9% over a year.

The underwriting result has slightly declined by 0.2% to stand at 490.9 million AED (133.6 million USD).

The investment income remained stable at 144.2 million AED (39.3 million USD).