Abu Dhabi National Insurance Company achieved a growth of 133.1% in net profit for the first quarter of 2020 to reach 122.6 million dirhams, compared to 52.6 million dirhams in the same period of the year The past.
According to Emirates News Agency, the earnings per share amounted to 0.22 dirhams per share compared to 0.09 dirhams during the first quarter of 2019, according to the financial results of the company.
During the first quarter of 2020, the company maintained its market share through various business channels, and the value of written premiums increased to 1.87 billion dirhams, a growth of 7.7% compared to The first quarter of last year.
Maintaining the profitability of the business portfolio was also an important element, which led to a significant increase in the underwriting profit to reach 151.2 million dirhams, a growth of 79.4% compared to the year. The past. The total technical reserves at the end of the first quarter amounted to 5.14 billion, while the value of cash balances and deposits at the end of the first quarter amounted to 727.4 million dirhams.The Abu Dhabi National Insurance Company’s budget remains supported by strong capital, as the shareholders ’equity at the end of the first quarter reached 2.05 billion dirhams and the total value of assets is 8.77 billion dirhams.
Sheikh Mohammed bin Saif bin Muhammad Al Nahyan, Chairman of the Abu Dhabi National Insurance Company, stressed that the current stage and the current conditions the world is going through necessitated that everyone be on the same level of responsibility. The required national requirements, by supporting all governmental directions aimed at ensuring the health security of the community on the one hand, and maintaining the path of accomplishments and successes and works and providing services to community members on the other hand and the conditions imposed by the circumstance in full adherence to the instructions issued by the official authorities, while working to continue providing all services For customers of the highest standards. Sheikh Mohammed bin Saif Al Nahyan said: We at Abu Dhabi National Insurance Company take pride in being keen on supporting all governmental and societal initiatives, strategies and efforts taking place in various regions of the country, and that is why the company has taken Several regulatory measures that ensure the continuity and sustainability of the happiness of the customers so that the current circumstance does not have any impact on them, and preserve the confidence they have in society and consider them their real capital, hence the results achieved by the company during the first three months of this year, in terms of return Major achievements are considered in this tasteful condition It reflected the mutual trust between the company and its customers and achieved promising results and growth in revenue and steady results. The company’s board of directors has prepared several pre-emptive steps aimed at preventing the effects that the current stage may witness on its customers, and in a way that reflects the complete concern to continue providing services and maintain The relationship with all beneficiaries, and that is based on the duty that all companies and economic activities share and the duty to do according to what is necessary to achieve the goals that are being worked on in the Emirates under the auspices and guidance of good leadership.NamaaZone " The Power of Knowledge"
