Abu Dhabi - Mubasher: Abu Dhabi National Insurance Company (ADNIC) reported a net profit before tax of AED 261.24 million in the first half (H1) of 2025, reflecting an increase of 16.50% compared to AED 224.29 million in the same period in 2024.

Moreover, ADNIC generated AED 235.28 million in net profits after tax as of 30 June 2025, higher than AED 205.17 million in H1-24.

Insurance revenues increased to AED 4 billion in H1-25 from AED 3.29 billion in the first six months (6M) of 2024, according to the interim financial results.

Earnings per share (EPS) hit AED 0.40 as of 30 June 2025, compared to AED 0.36 in H1-24.

Results for Q2

In the second quarter (Q2) of 2025, ADNIC’s net profits after tax stood at AED 115.71 million, marking a year-on-year (YoY) rise from AED 104.22 million.

The ADX-listed company generated insurance revenues amounting to AED 1.98 billion in April-June 2025 as compared to AED 1.73 billion in the same period last year. The EPS climbed to AED 0.20 in Q2-25 from AED 0.18 in Q2-24.

Chairman of ADNIC, Sheikh Mohamed bin Saif Al Nahyan, said: “ADNIC’s strong performance in H1-25 demonstrates the resilience of our business model and the effectiveness of our long‑term strategy. We have continued to grow across our core businesses, supported by robust underwriting discipline and prudent investments.”

Al Nahyan added: “Our focus remains on delivering sustainable value to our shareholders while supporting the UAE’s broader economic vision and reinforcing our role as a key enabler of growth in the insurance sector.”

Meanwhile, the CEO of ADNIC, Charalampos Mylonas, noted: “Our strong capital position, combined with disciplined cost management and forward‑looking innovation initiatives, enables us to adapt to evolving market conditions and seize new opportunities.”

Mylonas concluded: “We remain committed to creating long‑term value for our stakeholders and advancing our role as one of the leading insurance providers in the region.”

In Q1-25, ADNIC generated higher net profits after tax at AED 119.57 million, compared to AED 100.94 million in Q1-24.