ABU DHABI (ALETIHAD)

Abu Dhabi National Insurance Company (ADNIC) reported a net profit before tax of Dh395.0 million in the first nine months of 2025, reflecting an increase of 15.3% compared to the same period in 2024.

The company recorded gross written premiums of Dh7.21 billion, marking a 17.4% year-on-year rise, while maintaining a combined ratio of 93.2%, underscoring the insurer’s strong underwriting discipline and operational efficiency.

Total insurance revenue grew 16.1% year on year to Dh6.1 billion, compared to Dh5.2 billion a year earlier. The net insurance service result stood at Dh382.3 million, up 23.9%, while investment income rose 10.4% to Dh223.3 million. Profit after tax reached Dh354.7 million, and total assets stood at Dh10.6 billion, with shareholders’ equity at Dh3.6 billion as of 30 September 2025.

During the third quarter, ADNIC announced a long-term strategic partnership with Allianz Trade in the Middle East, marking a major milestone in expanding access to Trade Credit Insurance solutions for businesses across the UAE. The collaboration combines ADNIC’s local expertise with Allianz Trade’s global leadership in credit risk management and data-driven insights, enabling companies to safeguard cash flow and mitigate payment default risks.

ADNIC also continued to invest in the responsible integration of artificial intelligence across its value chain to enhance efficiency and improve customer experience. In parallel, it reinforced its social commitment through a partnership with the Sheikh Zayed Housing Programme to provide specialised life insurance solutions for eligible UAE Nationals.

Commenting on the performance, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: “ADNIC’s strong performance in the first nine months of 2025 reflects the resilience of our business model and the success of our strategic growth initiatives. We continue to expand across our core businesses, supported by strong underwriting discipline and prudent investments. Our focus remains on delivering sustainable value to our shareholders while reinforcing our role as a key enabler of the UAE’s economic growth.”

Charalampos Mylonas, Chief Executive Officer of ADNIC, added: “We are pleased to report another strong set of results for the first nine months of 2025. Our new partnership with Allianz Trade marks an important step in expanding our specialised insurance offerings, while our innovation and digital initiatives continue to drive efficiency and customer satisfaction. We remain committed to advancing ADNIC’s position as a trusted partner and leading insurer in the region.”