Abu dhabi: Abu Dhabi National Insurance Company (ADNIC) has announced a net profit before tax of AED395 million for the initial nine months of 2025, marking a 15.3 percent increase compared to the same period in the previous year. Profit after tax amounted to AED354.7 million, showcasing a growth of 15.2 percent.
According to Emirates News Agency, ADNIC's gross written premiums surpassed AED7.207 billion, reflecting a year-on-year increase of 17.4 percent, while the company maintained a combined ratio of 93.2 percent. In the third quarter, ADNIC unveiled a strategic partnership with Allianz Trade in the Middle East, aimed at broadening the availability of trade credit insurance solutions within the UAE. This collaboration is designed to help companies safeguard their cash flows, mitigate customer default risks, and explore new markets with enhanced confidence.
ADNIC has also reaffirmed its commitment to investing in the responsible integration of artificial intelligence technologies throughout its value chain to boost efficiency and enhance customer experience. The Chairman of ADNIC, Sheikh Mohamed bin Saif Al Nahyan, highlighted that the company's robust performance during the first nine months of 2025 underscores the resilience of its business model and the effectiveness of its strategic growth initiatives. He emphasized ADNIC's ongoing expansion of core operations, supported by disciplined underwriting and prudent investments, while maintaining a focus on delivering sustainable value to shareholders and reinforcing its role as a significant contributor to the UAE's economic growth.
Charalampos Mylonas, CEO of ADNIC, remarked that the new partnership with Allianz Trade is a pivotal development in expanding the company's specialized insurance offerings. During the first nine months of the year, total insurance revenue reached AED6.1 billion, compared to AED5.2 billion during the same period last year, reflecting a 16.1 percent year-on-year growth. Additionally, net investment income increased to AED223.3 million, a rise of 10.4 percent compared to the previous year.