Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) jumped by 18% year-on-year (YoY) to AED 333.7 million during the first nine months of 2021 from AED 282.85 million, according to the company's consolidated interim financials.
The company's net premiums earned increased to AED 1.054 billion in the January-September period of 2021 from AED 1.005 billion in the year-ago period.
Meanwhile, the net underwriting income amounted to AED 388.83 million in the first nine months of 2021, down 1.50% from AED 394.71 million in the same period of 2020.
The basic and diluted earnings per share (EPS) stood at AED 0.59 in the January-September period of 2021, against AED 0.50 in the corresponding period of the previous year.
In the third quarter (Q3) of 2021, the company's net profits declined to AED 84.996 million from AED 93.175 million in the same quarter of 2020.
It is noteworthy to mention that during the first half (H1) of 2021, ADNIC showed net profits of AED 248.661 million, up 31.1% from AED 189.677 million in the year-ago period.
