In a press release distributed via Zawya, ADNIC said its net profit before tax reached AED 225.1 million for the six months ended June 30, 2026. The figure compares with AED 261.2 million in the same period of 2025, with the company citing prudent provisions for geopolitical risks, flood-related claims and short-term investment market volatility. ADNIC reported profit after tax of AED 201 million against AED 235.3 million a year earlier while noting the underlying resilience of its core operations.
The company’s announcement detailed total insurance revenue of AED 4.1 billion in the period, up from AED 4 billion in the first half of 2025. Gross written premiums stood at AED 6,135.4 million, supported by continued business from strategic clients and increased activity tied to major construction projects. A combined ratio of 95.2 percent produced a net insurance service result of AED 215.4 million compared with AED 258.5 million previously.
According to the press release, net investment income rose to AED 150.4 million from AED 142.4 million in the prior-year period, helped by growth in bond interest, rental income and proactive portfolio management. Other operating expenses increased to AED 115.5 million from AED 110.8 million. The company attributed the overall outcome to disciplined underwriting, prudent risk management and strategic diversification.
ADNIC’s statement highlighted continued execution of its growth agenda, including the full operational launch of its branch in GIFT City, India, effective April 1, 2026. The insurer signed a strategic agreement with the Ministry of Foreign Affairs during the second quarter to deliver a tailored insurance programme for employees and their families. These steps align with efforts to diversify revenue streams and support UAE national priorities such as the Year of the Family.
Sheikh Mohamed Bin Saif Al Nahyan, Chairman of ADNIC, said in the statement, “During the first half of 2026, ADNIC remained focused on protecting our customers, strengthening our market position and advancing our long term growth strategy through disciplined underwriting, strategic diversification and international expansion. The underlying strength of our business remains clear. With a diversified portfolio, a disciplined underwriting approach and an expanding international footprint, we remain well positioned to deliver sustainable long term value for our shareholders, customers and the markets we serve.”
Jugal Madaan, Acting Chief Executive Officer of ADNIC, said in the announcement, “Our performance reflects ADNIC’s continued focus on protecting customers, maintaining underwriting discipline, leveraging advanced analytics and delivering sustainable growth through prudent risk management and operational excellence. Alongside our financial performance, we continued to make meaningful progress against our strategic priorities through the successful operational launch of our India branch and the strengthening of partnerships that create long term value for our customers. As we look ahead, our diversified portfolio, expanding international footprint and strong customer relationships provide a solid foundation for continued sustainable growth.” The release noted that ADNIC maintains an A rating from Standard and Poor’s and an A Excellent financial strength rating from A.M. Best, both with stable outlook.
