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Abu Dhabi National Insurance Company (ADNIC) closed the 2024 financial year with Insurance Revenue of 7.2 billion AED (2 billion USD), showing a 54% increase over one year.
Insurance Service Result rose by 22.5% to 448.9 million AED (122.2 million USD).
At 272.7 million AED (74.2 million USD), net investment income was 31.9% higher than the figure for the same period in 2023.
The Emirati insurer's net profit at end-December 2024 stood at 419.5 million AED (114.2 million USD), against 401.2 million AED (109.2 million USD) a year earlier, reflecting a 4.5% improvement.
The year was also marked by ADNIC's acquisition of a 51% stake in Saudi insurer Allianz Saudi Fransi, now operating under the name Mutakamela Insurance Company.
