Abu Dhabi: Abu Dhabi National Insurance Company’s (Adnic)’s net profit grew by 28.6 per cent in the first quarter of 2018 largely due to an increase in the net investment income.
The company, listed on Abu Dhabi Securities Exchange, posted a net profit of Dh95.2 million in the first quarter of 2018, compared to a net profit of Dh74 million for the same period in 2017. Net investment and other income increased by 20 per cent to Dh35 million for the three-month period ended March 31, 2018 compared to Dh29.2 million for the same period in 2017.
“Our strategy has been consistent, putting our customers first. We remain prudent and disciplined in our approach and will continue to seek opportunities that provide value for our stakeholders,” said Ahmad Idris, CEO of Adnic in a statement.
