ADNIC sustains steady profitability amid resilient insurance operations

The Abu Dhabi insurer has reported net profit of AED356 million for the first nine months of 2026, underpinned by disciplined risk management and strong insurance revenue growth across its diversified portfolio.

Abu Dhabi National Insurance Company has navigated the first nine months of 2026 with measured composure, delivering net profit after tax of AED356 million, a performance that reflects the steadiness of its core operations even as global financial markets experience periodic fluctuations.

The figure sits comfortably in line with the AED354.7 million recorded during the corresponding period in 2025, demonstrating the company’s capacity to sustain profitability through disciplined underwriting and careful management of its risk exposure. Insurance revenue climbed by 12.9 percent to reach AED6.9 billion, a trajectory that underscores ADNIC’s ability to identify and capitalise on opportunities across the sectors it serves while maintaining the comprehensive protection its customers have come to depend upon.

The company’s underwriting discipline remained evident in its combined ratio of 92.8 percent, a metric that reveals its prowess in balancing premium income with claims and operational costs. Its net insurance service result stood at AED361.5 million, though this declined 5.4 percent year-on-year as claims activity intensified during the period. Investment income provided additional support, reaching AED228.1 million and growing 2.1 percent, bolstered by strength in bond interest and rental income alongside robust activity in investment disposals.

The company’s expansion into new markets reflects its confidence in long-term growth potential. The opening of a branch in India and the operations of its subsidiary Mutakamela Insurance Company in Saudi Arabia have begun to contribute to revenue diversification, anchoring ADNIC’s strategy to support the UAE’s economic ambitions while building presence beyond the Emirates. In September 2026, international ratings agency AM Best reaffirmed ADNIC’s Financial Strength Rating at A (Excellent) and its Long-Term Issuer Credit Rating at a (Excellent), both with stable outlooks, validating the company’s operational approach.

What it means for Abu Dhabi

ADNIC’s consistent financial performance and growing regional footprint strengthen Abu Dhabi’s position as a hub for insurance expertise and innovation. The company’s disciplined approach to underwriting and investment management provides stability not only for its shareholders but for the countless individuals and businesses across the UAE that depend on its protection, enabling economic activity to flourish with confidence.

The insurer’s expansion into India and Saudi Arabia signals its commitment to supporting the broader strategic ambitions of the UAE beyond its borders, creating pathways for knowledge transfer and economic collaboration across the region. As ADNIC continues to grow its international presence, it carries with it the standards of excellence and reliability that have defined Abu Dhabi’s financial institutions.

Source: WAM