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Abu Dhabi National Insurance Company Pjsc (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Abu Dhabi National Insurance Company Pjsc Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Abu Dhabi National Insurance Company (ADNIC) PJSC is a leading multi-line regional insurance provider based in Abu Dhabi, United Arab Emirates (UAE). Established in 1972, ADNIC offers insurance and reinsurance services to individuals and corporates across the Middle East and North Africa (MENA) region. The company is licensed by the UAE Central Bank and listed on the Abu Dhabi Securities Exchange (ADX). ADNIC has a wide network of branches, sales, and customer service centers throughout the UAE. They provide both commercial and consumer insurance products that are customizable and scalable, catering to the unique needs of individuals, small, mid-sized, and large companies in the UAE and wider MENA region. With an equity of 10.23 billion as of December 31, 2022, ADNIC maintains solid levels of liquidity and capitalization. The company's financial maturity, robust balance sheet, and operational excellence allow them to fulfill their obligations to clients and provide peace of mind during times of need. ADNIC has established partnerships with notable organizations in the UAE to enhance sustainability and their core business model. For example, they have partnered with the Social Investment Fund administered by the Authority of Social Contribution - Ma'an to support the UAE community during the pandemic. ADNIC has also collaborated with Emirates Nature-WWF to contribute to local conservation projects and help the UAE achieve its net-zero goals. Additionally, ADNIC is committed to promoting Emiratisation and encouraging UAE nationals to work in the private sector. They joined the UAE Government's ABSHER Initiative in 2012 to support this cause. ADNIC has been recertified for ISO 9001:2015 by LRQA and has received numerous industry awards.

Headquarters
Khalifa Bin Zayed The First St - Adnic Building, Building No. 403, P.O Box 839
Abu Dhabi; Northern Emirates;

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Website: http://www.adnic.ae

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1972
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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24.768%
Subsidiaries
Adnic International Limited (United Kingdom)
Company Performance
Financial values in the chart are available after Abu Dhabi National Insurance Company Pjsc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
14.15%
Operating profit (EBIT)
-4.4%
Net Profit (Loss) for the Period
12.18%
Total assets
20.52%
Investments
-16.47%
Total equity
6.99%
Net Premiums Earned Trend
-100.13%
Net Profit Trend
N/A
Return on Equity (ROE)
0.63%
Loss Ratio
-2.04%
Underwriting Expenses Ratio
-0.26%

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