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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
