Abu Dhabi – Mubasher: The consolidated interim financials of Abu Dhabi National Insurance Company (ADNIC) showed net profits of AED 248.661 million during the first half (H1) of 2021, up 31.1% from AED 189.677 million in the year-ago period.
The company's net earned premiums rose to AED 706.139 million in H1-21 from AED 680.136 million in H1-20.
Meanwhile, the net underwriting income increased by 1.5% to AED 280.306 million in the January-June period of 2021 from AED 276.296 million in the same period of 2020.
The basic and diluted earnings per share (EPS) settled at AED 0.44 in H1-21, versus AED 0.33 in the corresponding period of 2020.
It is noteworthy to mention that in the first quarter (Q1) of 2021, ADNIC's net profits rose by 9% to AED 133.61 million, compared to AED 122.62 million in the year-ago period.
