Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) increased by 8.3% to AED 401.8 million in 2021, compared to AED 370.996 million in 2020, according to the company's consolidated financials for the year ended 31 December 2021.
The company's net underwriting income declined to AED 491.89 million in 2021 from AED 497.17 million in the earlier year.
Meanwhile, the company's net written premiums amounted to AED 1.62 billion last year, up from AED 1.35 billion in 2020.
The basic and diluted earnings per share (EPS) settled at AED 0.7 in 2021, versus AED 0.65 in 2020.
It is noteworthy to mention that during the first nine months (9M) of 2021, ADNIC's net profits jumped by 18% year-on-year (YoY) to AED 333.7 million from AED 282.85 million.
