(MENAFN- Khaleej Times) Abu Dhabi National Insurance Company or Adnic's profit rose 11 per cent year-on-year to Dh86 million in the quarter ended March 31, on higher incomes.
Boasting a growth in premium and profits during this period with sound performance in all of its key business areas, the Abu Dhabi government linked insurance provider said it "continues to deliver on its long term Perpetual Excellence Plan which aims to fortify its key pillars of sustainable profitable growth to preserve continued success."
Adnic's gross written premium for the quarter ended as of 31 March 2012 grew by five per cent to Dh735 million up from Dh700 million in the first quarter of 2011. The net technical income increased 13 per cent from Dh54 million to Dh61 million in the period.
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