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) | |
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Key people Shaikh Mohamed Bin Saif Al-Nahyan (Chairman)Ahmad Idris (CEO) Products Life insuranceGeneral 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.