Latest news with #ADNIC
Al Etihad
4 days ago
- Business
- Al Etihad
ADNIC posts Dh261.2 million profit before tax in H1 2025
12 Aug 2025 20:07 ABU DHABI (ALETIHAD) Abu Dhabi National Insurance Company (ADNIC) reported a net profit before tax of Dh261.2 million in the first half of 2025, reflecting an increase of 16.5% compared to the same period in company also recorded gross written premiums of Dh5.54 billion, marking a 25.7% year-on-year insurer maintained a combined ratio of 92.9%, underscoring the strength of its underwriting strategy and operational insurance revenue for the period reached Dh4 billion, up from Dh3.3 billion in the first half of last year, while net insurance service result climbed 26.5% to Dh258.5 income stood at Dh142.4 million, a 19.5% increase over the prior year. Profit after tax came in at Dh235.3 of June 30, 2025, total assets stood at Dh11 billion, with total shareholders' equity at Dh3.5 Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: 'ADNIC's strong performance in the first half of 2025 demonstrates the resilience of our business model and the effectiveness of our long-term strategy. We have continued to grow across our core businesses, supported by robust underwriting discipline and prudent investments."Our focus remains on delivering sustainable value to our shareholders while supporting the UAE's broader economic vision and reinforcing our role as a key enabler of growth in the insurance sector.'Charalampos Mylonas, Chief Executive Officer of ADNIC, added: 'We are pleased to announce a strong set of results in the first half of 2025. Our strong capital position, combined with disciplined cost management and forward-looking innovation initiatives, enables us to adapt to evolving market conditions and seize new opportunities. We remain committed to creating long-term value for our stakeholders and advancing our role as one of the leading insurance providers in the region.' During the period, ADNIC partnered with the Sheikh Zayed Housing Programme to offer specialised life insurance solutions to eligible UAE nationals, and continued to invest in the safe and responsible integration of artificial intelligence across its operations to enhance efficiency and customer experience. Source: Aletihad - Abu Dhabi
Zawya
4 days ago
- Business
- Zawya
UAE: ADNIC's net profits exceed $64mln in H1-25
Abu Dhabi National Insurance Company (ADNIC) reported AED 235.28 million in net profits after tax in the first half (H1) of 2025, higher than AED 205.17 million in H1-24. Insurance revenues increased to AED 4 billion in H1-25 from AED 3.29 billion in the first six months (6M) of 2024, according to the interim financial results. Earnings per share (EPS) hit AED 0.40 as of 30 June 2025, compared to AED 0.36 in H1-24. Results for Q2 In the second quarter (Q2) of 2025, ADNIC's net profits stood at AED 115.71 million, marking a year-on-year (YoY) rise from AED 104.22 million. The ADX-listed company generated insurance revenues amounting to AED 1.98 billion in April-June 2025 as compared to AED 1.73 billion in the same period last year. The EPS climbed to AED 0.20 in Q2-25 from AED 0.18 in Q2-24. Haris Mylonas, CEO of ADNIC, commented: 'Our achievements in H1-25 reflect ADNIC's commitment to intelligent underwriting, efficient cost management, and strategic evolutionary growth.' 'The group continued to deliver robust results, supported by consistent contributions from all underlying technical insurance and investment key performance indicators,' the CEO added. In Q1-25, ADNIC generated higher net profits after tax at AED 119.57 million, compared to AED 100.94 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
ADNIC reports strong H1 2025 performance with net profit before tax of AED 261.2mln
Abu Dhabi, UAE: Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has delivered strong financial results for the first half of 2025. This performance was driven by solid contributions across all core segments, reflecting the successful execution of the company's strategy. ADNIC reported a net profit before tax of AED 261.2 million, reflecting an increase of 16.5% compared to the same period in 2024. The company also recorded gross written premiums of AED 5,539.6 million, marking a 25.7% increase year on year. ADNIC maintained a combined ratio of 92.9%, underscoring the strength of its underwriting strategy and operational efficiency. In H1 2025, ADNIC partnered with the Sheikh Zayed Housing Programme (SZHP) to offer specialised life insurance solutions to eligible UAE Nationals, reinforcing its commitment to national priorities and community well-being. In parallel, and in line with the UAE's vision for a competitive, innovation-driven economy, ADNIC has continued to invest in the safe and responsible integration of artificial intelligence across its value chain to improve operational efficiency and enhance customer experience. Commenting on ADNIC's performance, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: 'ADNIC's strong performance in the first half of 2025 demonstrates the resilience of our business model and the effectiveness of our long‑term strategy. We have continued to grow across our core businesses, supported by robust underwriting discipline and prudent investments. Our focus remains on delivering sustainable value to our shareholders while supporting the UAE's broader economic vision and reinforcing our role as a key enabler of growth in the insurance sector.' Charalampos Mylonas, Chief Executive Officer of ADNIC, said: 'We are pleased to announce a strong set of results in the first half of 2025. Our strong capital position, combined with disciplined cost management and forward‑looking innovation initiatives, enables us to adapt to evolving market conditions and seize new opportunities. We remain committed to creating long‑term value for our stakeholders and advancing our role as one of the leading insurance providers in the region.' Key financial highlights: Total Insurance Revenue: For H1 2025, ADNIC's total insurance revenue reached AED 4.0 billion, compared to AED 3.3 billion in the same period last year. Net Insurance Service Result: Net insurance service result reached AED 258.5 million, accelerating 26.5% year on year. Net Income from Investments: Investment income reached AED 142.4 million, up 19.5% year on year. Profit Before Tax has grown by 16.5% year on year to AED 261.2 million yielding a Profit After Tax for the period of AED 235.3 million. As of 30 June 2025, at a consolidated Group level Total Assets stood at AED 11 billion and Total Shareholders' Equity stood at AED 3.5 billion
Al Bawaba
5 days ago
- Business
- Al Bawaba
ADNIC reports strong H1 2025 performance with net profit before tax of AED 261.2 million
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has delivered strong financial results for the first half of 2025. This performance was driven by solid contributions across all core segments, reflecting the successful execution of the company's reported a net profit before tax of AED 261.2 million, reflecting an increase of 16.5% compared to the same period in 2024. The company also recorded gross written premiums of AED 5,539.6 million, marking a 25.7% increase year on year. ADNIC maintained a combined ratio of 92.9%, underscoring the strength of its underwriting strategy and operational H1 2025, ADNIC partnered with the Sheikh Zayed Housing Programme (SZHP) to offer specialised life insurance solutions to eligible UAE Nationals, reinforcing its commitment to national priorities and community well-being. In parallel, and in line with the UAE's vision for a competitive, innovation-driven economy, ADNIC has continued to invest in the safe and responsible integration of artificial intelligence across its value chain to improve operational efficiency and enhance customer on ADNIC's performance, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: 'ADNIC's strong performance in the first half of 2025 demonstrates the resilience of our business model and the effectiveness of our long‑term strategy. We have continued to grow across our core businesses, supported by robust underwriting discipline and prudent investments. Our focus remains on delivering sustainable value to our shareholders while supporting the UAE's broader economic vision and reinforcing our role as a key enabler of growth in the insurance sector.'Charalampos Mylonas, Chief Executive Officer of ADNIC, said: 'We are pleased to announce a strong set of results in the first half of 2025. Our strong capital position, combined with disciplined cost management and forward‑looking innovation initiatives, enables us to adapt to evolving market conditions and seize new opportunities. We remain committed to creating long‑term value for our stakeholders and advancing our role as one of the leading insurance providers in the region.'Key financial highlights:• Total Insurance Revenue: For H1 2025, ADNIC's total insurance revenue reached AED 4.0 billion, compared to AED 3.3 billion in the same period last year.• Net Insurance Service Result: Net insurance service result reached AED 258.5 million, accelerating 26.5% year on year.• Net Income from Investments: Investment income reached AED 142.4 million, up 19.5% year on year.• Profit Before Tax has grown by 16.5% year on year to AED 261.2 million yielding a Profit After Tax for the period of AED 235.3 million. • As of 30 June 2025, at a consolidated Group level Total Assets stood at AED 11 billion and Total Shareholders' Equity stood at AED 3.5 billion
Arabian Business
25-07-2025
- Business
- Arabian Business
ADNIC to provide life insurance to Emiratis up to the age of 95
Abu Dhabi National Insurance Company (ADNIC) has launched a specialised life insurance offering for eligible UAE nationals through a strategic partnership with the Sheikh Zayed Housing Program (SZHP). The initiative will provide life insurance coverage up to the age of 95, substantially extending beyond the market norm of 70 years old. This enables Emiratis, aged up to 70, to still qualify for housing loans with a maximum tenure of 25 years, significantly enhancing financial inclusion for older borrowers. ADNIC expands life insurance terms The housing loans under the Sheikh Zayed Housing Program are administered through leading local banks that have been associated with programme since its inception. Charalampos Mylonas, Chief Executive Officer of ADNIC, commented: 'As an insurer working at the very heart of the community, we understand why life insurance is so important as it guarantees families a measure of protection against the adverse financial consequences. 'As such, we're proud to work alongside the Sheikh Zayed Housing Program (SZHP) to give individuals a greater sense of economic security and peace of mind. At ADNIC, our commitment remains to make insurance truly about people by protecting their income, assets, health, and lives.' While the scheme is already active through the participating banks, the signing ceremony marked its official public announcement.
