Abnic reports Dh52m net profits in 2017

DUBAI: Al Buhaira National Insurance Co. (Abnic) reported a net profit of Dh52 million in 2017 compared to Dh43 million in 2016. The company posted Dh31 million in underwriting profits last year, up 24 per cent compared to Dh25 million reported in 2016. Abnic’s written premium stood at Dh537 million for the year 2017. Shareholders equity stood at Dh664 million and the total assets were at Dh1.75 billion at the year-end 2017.