Samiksha Jaiswal (Editor)

Abu Dhabi National Insurance Company

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Type
  
Public

Industry
  
Insurance

Headquarters
  
Abu Dhabi

Total assets
  
5.556 billion AED (2014)

Traded as
  
ADX: ADNIC

Founded
  
1972

Revenue
  
2.631 billion AED (2014)

Total equity
  
1.634 billion AED (2014)

Abu Dhabi National Insurance Company wwwadnicaethemessitethemesdefaultsitegraph

Key people
  
Shaikh Mohamed Bin Saif Al-Nahyan (Chairman) Ahmad Idris (CEO)

Products
  
Life insurance General insurance

Net income
  
-AED 280 million (2014)

Parent organization
  
Abu Dhabi Investment Council

Abu Dhabi National Insurance Company PSC (Arabic: شركة أبوظبي الوطنية التأمين‎‎; ADNIC) is an insurance company based in Abu Dhabi, United Arab Emirates. It is the third largest insurer in the country as of May 2015.

ADNIC was founded in 1972 and is part of the Abu Dhabi Investment Council's portfolio of companies. The Council is the largest shareholder in the company with a 24 percent stake.

The company offers both life and nonlife insurance products in the UAE. Its main corporate offerings are in the property, marine and aviation businesses. It plans to expand its presence in the Middle East and North Africa (MENA) region and into the aerospace and SME industries.

In 2015, the company's colour-coded motor insurance offering was recognised as Best Consumer Insurance Product at the Banker Middle East UAE Product Awards.

References

Abu Dhabi National Insurance Company Wikipedia