Adnic reports full year 2020 net profit of Dhs371 million

SourceGulf Today
SectorFinancial Markets

Picture used for illustrative purpose only. Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for both corporates and individuals, reported its financial results for the full year ended Dec. 31, 2020 on Sunday.

Commenting on Adnic’s performance, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of Adnic, said: “Against the uncertain backdrop of 2020, Adnic demonstrated strong results with a full-year net profit of Dhs371 million, a 30. 5 per cent increase compared to the previous year. Adnic’s technical abilities in prudent risk selection continue to be the bedrock on which this performance is based. These results are also due in part to the long-term investments we have made in technology over recent years and our ability and expertise to put the customer first and provide them with platforms that function 24/7. As a customer centric company, we will continue to pursue our digital transformation journey across all customer channels and consumer lines products.” “This more...