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Decline of ADNIC’s net result for the year 2014

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Magazine Issue: 
Women and the rush to insurance [3]
Magazine date: 
Apr 2015

ADNICAbu Dhabi National Insurance Company (ADNIC [4]) posted at the end of 2014 an increase of 9% of its gross written premiums at 2.63 billion AED (720 million USD).

Despite this good performance in terms of premiums, the insurer ended the year with a net loss of 280 million AED (76.2 million USD), compared to a net profit of 156 million AED (42.5 million USD) in 2013.

This result is justified partly by the poor technical results generated by competition and lower financial returns.

Tue, 05/05/2015 - 18:16

Source URL: https://www.atlas-mag.net/en/article/decline-of-adnic-s-net-result-for-the-year-2014

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