Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, has delivered strong financial results for the first nine months of 2025 (9M2025).
The financial performance was driven by continued growth and solid contributions across all core business segments, as well as strategic partnerships that reflect the company’s strategy to expand its services, strengthen market leadership, and deliver sustainable value across the UAE and the wider region.
ADNIC reported a net profit before tax of AED395.0m ($107.6m), reflecting an increase of 15.3% compared to the corresponding period in 2024. The company also recorded gross written premiums of AED7,207.1m, marking a 17.4% increase year on year. ADNIC maintained a combined ratio of 93.2%, underscoring the strength of its underwriting discipline and operational efficiency.
Other key financial highlights:
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Total Insurance Revenue: For 9M2025, ADNIC’s total insurance revenue reached AED6.1bn, compared to AED5.2bn in the same period last year, a growth of 16.1% year on year.
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Net Insurance Service Result: Net insurance service result reached AED382.3m, increasing by 23.9% year on year.
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Net Income from Investments: Investment income reached AED223.3m, up by 10.4% year on year.
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As of 30 September 2025, at a consolidated Group level, total assets stood at AED10.6bn and total shareholders’ equity reached AED3.6bn.
Commenting on ADNIC’s performance, ADNIC Chairman Sheikh Mohamed Bin Saif Al-Nahyan said, “ADNIC’s strong performance in the first nine months of 2025 reflects the resilience of our business model and the success of our strategic growth initiatives. We continue to expand across our core businesses, supported by strong underwriting discipline and prudent investments. Our focus remains on delivering sustainable value to our shareholders while reinforcing our role as a key enabler of the UAE’s economic growth.”
Strategic partnership
During the third quarter, ADNIC announced a long-term strategic partnership with Allianz Trade in the Middle East, marking a major milestone in expanding access to trade credit insurance solutions for businesses across the UAE. This partnership enables companies to safeguard cash flow, mitigate payment default risks, and pursue growth opportunities with greater confidence, combining ADNIC’s local expertise with Allianz Trade’s global leadership in credit risk and data-driven insights.
In parallel, and in line with the UAE’s vision for a competitive, innovation-driven economy, ADNIC continues to invest in the responsible integration of artificial intelligence across its value chain to enhance efficiency and improve customer experience. The company also reinforced its social commitment through a partnership with the Sheikh Zayed Housing Programme (SZHP) to provide specialised life insurance solutions for eligible UAE nationals, promoting financial security and supporting national priorities.
ADNIC CEO Charalampos Mylonas said, “Our new partnership with Allianz Trade marks an important step in expanding our specialised insurance offerings, while our innovation and digital initiatives continue to drive efficiency and customer satisfaction.”