Abu Dhabi National Insurance Company

ADNIC

AEA001101012

Property & Casualty Insurance

Market Closed - Abu Dhabi Securities Exchange Other stock markets 04:25:00 20/05/2024 pm IST			5-day change	1st Jan Change
5.73 ^AED	-1.21%		-1.88%	-4.02%

13/05	Abu Dhabi National Insurance Resumes Trading in Abu Dhabi Bourse	MT
10/05	Abu Dhabi National Insurance Restarts Trading in Abu Dhabi	MT

Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the First Quarter Ended March 31, 2024

May 09, 2024 at 05:38 pm IST

Abu Dhabi National Insurance Company PJSC reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net income was AED 100.95 million compared to AED 99.68 million a year ago. Basic earnings per share from continuing operations was AED 0.18 compared to AED 0.17 a year ago.

Latest news about Abu Dhabi National Insurance Company

Abu Dhabi National Insurance Resumes Trading in Abu Dhabi Bourse	13/05	MT
Abu Dhabi National Insurance Restarts Trading in Abu Dhabi	10/05	MT
Abu Dhabi Insurer Adnic Posts Higher Q1 Profit; Insurance Revenue Jumps	09/05	MT
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the First Quarter Ended March 31, 2024	09/05	CI
Abu Dhabi National Insurance Co. to Halt Trading on ADX on May 9	06/05	MT
Abu Dhabi National Insurance Co. Closes Acquisition of $133 Million Stake in Allianz Saudi	18/04	MT
Abu Dhabi National Insurance Company PJSC (ADX : ADNIC) completed the acquisition of 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (SASE : 8040) from Allianz Europe B.V., Allianz France SA and Allianz MENA Holding Bermuda Limited.	17/04	CI
Abu Dhabi National Insurance Company PJSC Approves Cash Dividends for the Fiscal Year Ended on December 31, 2023	26/03	CI
Abu Dhabi National Insurance Halts Trading Amid Assembly Meeting	26/03	MT
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the Full Year Ended December 31, 2023	13/02	CI
Abu Dhabi National Insurance Company PJSC Appoints Omar Khedr as the Board Secretary	06/02	CI
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	14/11	CI
Abu Dhabi National Insurance Company PJSC Announces Resignation of Raed Khalil Haddadin as Executive Vice President & Chief Legal and Compliance Officer, Effective 1 January 2024	31/23/31	CI
Allianz to sell 51% stake in Allianz Saudi Fransi to ADNIC	28/23/28	RE
Abu Dhabi National Insurance Company PJSC (ADX : ADNIC) entered into a binding transaction to acquire a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (SASE : 8040) from Allianz Europe B.V., Allianz France SA and Allianz MENA Holding Bermuda Limited for approximately $130 million.	28/23/28	CI
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	11/23/11	CI
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the First Quarter Ended March 31, 2023	10/23/10	CI
Abu Dhabi National Insurance Company Announces CEO Changes	15/23/15	CI
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the Full Year Ended December 31, 2022	14/23/14	CI
Abu Dhabi National Insurance Company PJSC Proposes Dividend for the Fiscal Year 2022	14/23/14	CI
Abu Dhabi National Insurance Company PJSC Announces Resignation of Mr. Johannes Jacobs Fourie as Executive Vice President- Risk Management, Effective from 3 April 2023	06/23/06	CI
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	08/22/08	CI
Dubai Aerospace Files Lawsuit Against 11 Insurers To Recover Due Amounts For Seized Aircraft In Russia	28/22/28	MT
Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London	28/22/28	RE
Abu Dhabi National Insurance Company PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	10/22/10	CI

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Company Profile

Abu Dhabi National Insurance Company PSC (ADNIC) is a United Arab Emirates-based public shareholding company engaged in the provision of all classes of insurance and reinsurance products and services. The Company is organized into two main business segments: Underwriting of marine insurance business, covering all classes of general insurance, including marine cargo hull and aviation, and Underwriting of non-marine insurance business, which covering all classes of insurance, including fire, engineering, general accident, motor and medical. The Companyâs products are categorized into three types: Personal Insurance offers a range of personal/individual insurance policies; Business Insurance offers a set of insurance for a range of assortment of business insurance needs, and Overseas Insurance offers a range of insurance products for the Companyâs overseas clients.

Sector

Property & Casualty Insurance

Calendar

07/08/2024 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.8 AED

Average target price

8.78 AED

Spread / Average Target

+51.38%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Property & Casualty Insurance

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