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Abu Dhabi National Insurance Company: H1 2022 results

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Magazine Issue: 
CIMA, a tremendous success [3]
Magazine date: 
Jul 2022

ADNICAbu Dhabi National Insurance Company (ADNIC [4]) has reported a 20.9% increase of its turnover for the first half of the year. Written premiums grew from 2.67 billion AED (726.81 million USD) as at 30 June 2021 to 3.23 billion AED (879.24 million USD) one year later.

Net profit amounted to 186.9 million AED (50.9 million USD), down 24.8% compared to 248.7 million (USD 67.7 million) recorded during the same period of 2021.

Net investment income, impacted by market volatility, fell by 28.9% to 62 million AED (16.9 million AED).

Read also | ADNIC: 2021 results [5]

Fri, 12/08/2022 - 12:32

Source URL: https://www.atlas-mag.net/en/category/pays/emirats-arabes-unis/abu-dhabi-national-insurance-company-h1-2022-results

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