Magazine date:
Apr 2010 ADNIC concluded the year 2009 with 370 million USD of written premiums. Thanks to the development of its distribution network and to the extension of its range of products, the company is reporting a 14% growth in comparison with 2008. Despite a first semester strained by the crisis, ADNIC has posted a net profit of 52 million AED (14 million USD) throughout the year 2009. The underwriting result has increased by 30% in comparison with 2008.