Abu Dhabi National Insurance Co PJSC (ADNIC) News - Mubasher Info
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21 April 06:05 AM

Abu Dhabi National Insurance Co PJSC (ADNIC)

Last update: 20 April 02:09 PM market time.
7.80
-0.12
-1.53%
Open 7.83
Previous Close 7.83
High 7.83
Low 7.71
Stock Statistics
Volume 24,238
Turnover 188,969.43
All data are 15 minutes late during market session

News

The company's net written premiums rose by 11.9%
15 February 2021 11:58 AM ADNIC records 30.5% higher profits in 2020
Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) hiked by 30.5% to AED 370.996 million in 2020 from AED 284.25 million in 2019. The company's net underwriting income reached AED 497.2 million last year, up AED …
Financial Results
The deals were implemented on 39 million shares
17 November 2020 03:57 PM ADNIC records AED 180m block deals on shares
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) saw 11 block-trading deals executed on its shares at a total value of AED 180 million, the Abu Dhabi Securities Exchange (ADX) announced on Tuesday. The deals were implemented on …
Companies Investments
The basic and diluted EPS stood at AED 0.50
5 November 2020 10:38 AM ADNIC achieves 45.5% higher net profits in 9M
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) registered a 45.5% hike in net profits to AED 282.8 million in the first nine months of 2020 from AED 194.4 million during the corresponding period of 2019. The company's net …
Financial Results
The EPS settled at AED 0.33 in H1-20
6 August 2020 09:32 AM ADNIC witnesses 60% higher net profits in H1-20
Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) jumped by 59.9% to AED 189.7 million in the first six months of 2020, compared to AED 118.6 million in the corresponding period of 2019. The company recorded a …
Financial Results
The company witnessed a 79.4% rise in net underwriting income
3 May 2020 10:53 AM ADNIC's net profits hike 133% in Q1-20
Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) hiked by 133.1% to AED 122.6 million during the first quarter (Q1) of 2020 from AED 52.6 million in the same quarter of 2019. The company witnessed a 79.4% rise …
Financial Results
The cash dividends will be distributed at AED 0.30 per share
16 March 2020 09:30 AM ADNIC shareholders approve 30% cash dividends
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Insurance Company (ADNIC) have approved the board’s proposal to distribute cash dividends for fiscal year (FY) 2019 at 30% of the company's capital. The distribution of cash dividends …
Cash Dividends
ADNIC's net underwriting income rose to AED 393.147 million
11 February 2020 10:41 AM ADNIC logs AED 284m net profits in 2019
Abu Dhabi – Mubasher: The net profits of Abu Dhabi National Insurance Company (ADNIC) jumped by 20.7% to AED 284.250 million in 2019 from AED 235.644 million in 2018, according to the company’s consolidated financial statements for 2019. ADNIC saw …
Financial Results
Emirates Insurance Co, AXA Insurance Co joined ADNIC
10 November 2019 00:58 PM ADNIC, Addenda partner in motor claims recovery solutions
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) has collaborated with blockchain technology start-up Addenda Technologies to provide fresh innovation to the motor claims recovery process. Teamed up with the startup, ADNIC’s …
Company News
Earnings per share levelled down to AED 0.34 in 9M
29 October 2019 01:15 PM ADNIC logs AED 75.8m profit in Q3-19
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) reported an 11.12% year-on-year growth in consolidated interim net profit for the third quarter of 2019. Net profit reached AED 75.813 million during the three-month period ended …
Financial Results
Net profit reached AED 66 million in Q2
1 August 2019 02:34 PM ADNIC announces H1 consolidated interim financial results
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC), listed on the Abu Dhabi Securities Exchange (ADX), reported a 19.1% year-on-year growth in consolidated interim net profit for the second quarter of 2019. Net profit reached AED …
Financial Results
The new service will enable customers to reach out ADNIC’s contact centre easily through WhatsApp
11 July 2019 02:25 PM ADNIC launches verified WhatsApp Business services
Abu Dhabi - Mubasher: Abu Dhabi National Insurance Company (ADNIC), listed on Abu Dhabi Securities Exchange (ADX), on Thursday announced the launch of its ‘verified’ WhatsApp Business service. The new service will enable customers to reach out …
Banking and Finance
The company has increased the number of its shares to 570 million from 375 million.
3 July 2019 11:02 AM ADNIC completes bonds conversion
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Co (ADNIC) announced that it has completed the conversion of bonds to shares. The transaction has been completed following the maturity period, ADNIC said in a statement to the Abu Dhabi …
Corporate Actions
The capital hike will be implemented through the conversion of mandatory convertible bonds
27 May 2019 10:52 AM ADNIC raises capital to AED 570m
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Co (ADNIC) announced its board of directors will issue a resolution by circulation next Tuesday, 28 May, to approve a capital increase. The company’s capital will increase to AED 570 million from …
Companies Investments
ADNIC’s net investment and other income recorded AED 32.3 million in Q1-19
1 May 2019 10:40 AM ADNIC generates AED 53m profit in Q1
UAE – Mubasher: Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers, posted a drop in its profits for the first quarter of 2019. Net profits stood at AED 52.6 million in Q1-19, compared to AED …
Financial Results
13 February 2019 02:35 PM ADNIC generates AED 235m profit in 2018; 30% dividend proposed
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) on Wednesday reported a 3.7% year-on-year increase in its profits for the full-year 2018. Net profits amounted to AED 235.6 million in 2018, compared to AED 227.3 million in 2017, …
Financial Results
Value of subscription in installments rose 12.2% to AED 2.23 billion in the nine-month period ended September
31 October 2018 01:06 PM ADNIC generates AED 219m profit in 9M
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) on Wednesday reported a 22.6% year-on-year increase in its net profits during the first nine months of 2018, reaching AED 218.8 million ($59.58 million), compared to AED 178.5 …
Financial Results
Abu Dhabi National Insurance Company (ADNEC) announced Tuesday that it has started using Al Etihad Credit Bureau’s services
9 October 2018 03:47 PM ADNEC to leverage Al Etihad Credit’s services
Dubai – Mubasher: Abu Dhabi National Insurance Company (ADNEC) announced Tuesday that it has started using Al Etihad Credit Bureau’s services. According to the Federal Law No. 6 of 2010 concerning credit information, Al Etihad Credit Bureau has …
Company News
The deadline of the share buyback ends on 13 August 2019
6 September 2018 11:26 AM SCA nods to ADNIC’s 10% share buyback
Abu Dhabi - Mubasher: Abu Dhabi National Insurance Company (ADNIC) on Thursday announced the approval of the UAE's Securities & Commodities Authority (SCA) to repurchase 10% of its shares. The Abu Dhabi-listed insurer said that the deadline of the …
Corporate Actions
Net profits amounted to AED 55.4 million in Q2-18
1 August 2018 00:23 PM ADNIC logs AED 150m net profit in H1
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) on Wednesday reported a 1.7% year-on-year increase in its profits for the second quarter of 2018. Net profits amounted to AED 55.4 million in Q2-18, compared to AED 54.5 million in …
Financial Results
ADNIC’s net profit dropped 20.32% in Q4-17
14 February 2018 00:15 PM ADNIC logs AED 49m net profit Q4
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) on Wednesday reported a decline in its net profit during the fourth quarter of 2017. ADNIC’s net profit dropped 20.32% to AED 49 million in Q4-17 versus AED 61.5 million in the …
Financial Results
ADGM and ADNIC will collaborate on a range of technology-related initiatives
27 November 2017 01:07 PM ADGM, ADNIC ink MoU to promote insurance Fin-Tech
Abu Dhabi – Mubasher: Abu Dhabi Global Market (ADGM) and Abu Dhabi National Insurance Company (ADNIC) on Monday signed a memorandum of understanding (MoU) to collaborate in promoting the insurance-related Finanical Technology (Fin-Tech) ecosystem …
Company News
ADNIC’s net profits registered AED 50.05 million ($13.62 million) in Q3-17
1 November 2017 02:42 PM ADNIC posts 24% profit rise in Q3, expects 10% growth by end-2017
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) on Wednesday disclosed its financial results for the first nine months of 2017, which showed that the company’s net profits increased 24.36% year-on-year to AED 178.50 million. …
Financial Results
ADNIC recently opened its new office in London
30 October 2017 08:57 PM ADNIC to expand in Europe, Asia - VP
By: Amr Adel Abu Dhabi - Mubasher:  Abu Dhabi National Insurance Company (ADNIC) is planning to expand in Asian and European markets, as part of a plan to geographically diversify its income resources, said the executive vice president, Abdulla Al …
Companies Investments
ADNIC expands in London
19 October 2017 09:13 AM ADNIC expands in London
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Co. (ADNIC) inaugurated new office in London. The new opened office provides reinsurance facilitation services in industrial sectors which include energy (extraction and distribution), properties, …
Corporate Actions
Allianz is among groups showing initial interest in buying the council’s stake
10 September 2017 03:45 PM ADIC mulling sale of stake in ADNIC
Abu Dhabi – Mubasher: State-backed Abu Dhabi Investment Council (ADIC) is studying the sale of its nearly 24% stake in Abu Dhabi National Insurance Co. (ADNIC), Reuters reported. Allianz is among groups showing initial interest in buying the …
Companies Investments