Abu Dhabi National Insurance: earnings growth of 19.1% in the second quarter

Union

Abu Dhabi National Insurance Company

Abu Dhabi (Al Ittihad)

The Abu Dhabi National Insurance Company reported net income of AED 66 million in the second quarter of 2019, up 19.1% from the same period of 2018.
Net profit for the first six months of 2019 was AED 40.7 million, compared with AED 81.5 million for the same period in 2018.
Sheikh Mohammed Bin Saif Al Nahyan, chairman of the national insurance company of Abu Dhabi, said in a statement yesterday: "The company achieved a growth of 29.5% in total premiums written during the course. 2019 first half and net profit growth of 19.1% "As we approach the second half of 2019, we will continue to focus on maintaining a solid foundation for long-term sustainable growth. term and maximizing shareholder value, while improving customer satisfaction and loyalty. "
In the first six months of 2019, total written premiums increased by 29.5% to AED 2.35 billion, compared to AED 1.81 billion for the same period in 2018.
The total premium rate held is 32.6% in the first half of the year.