Abu Dhabi (WAM)– Abu Dhabi National Insurance Company (ADNIC) has recorded its financial results for the full year ended 31 December 2018, posting 3.7 percent increase in net profit year-on-year to reach AED235.6 million.

ADNIC delivered a strong set of results, with gross written premiums up by 10.1% year-on-year to AED 2.91 billion driven by growth across core lines of business. Net technical profit increased by 22.8% to AED145.4 million due to strong margins in key portfolios. 2018 net profit increased by 3.7% year-on-year to reach AED235.6 million. ADNIC’s strong performance in 2018 has enabled the Board of Directors to recommend the distribution of a cash dividend of 30 fils per share.