Saudi Crown Prince, UAE president affirm GCC commitment to support regional security Mohammed bin Rashid issues Decree on Central Grievances Committee for Dubai Government employees Saudi Arabia updates Nitaqat Saudization calculation through Qiwa contracts Medcare launches its second hospital in Sharjah Iraqi-UAE consortium plans $700mln fast data cable network Kuwait oil price up $1.22 to $66.40 pb GCC businesses to maintain strong credit profiles in 2026: S&P Saudi, US firms to partner on northeast Syria energy project Saudi: Al-Khateeb says tourism GDP target doubled to $160bln as private sector urged to scale up investment ADNIC: Strong economy helps insurer deliver positive performance Saudi Arabia, Spain agree for cooperation in civil aviation and modern transportation modes UAE World’s Coolest Winter campaign generates $3.4bln in hotel revenues Qatar, Germany sign agreement to launch innovation hub in Doha Kuwait’s real estate sees shift in investor behavior Abu Dhabi's Aldar, Mubadala form $2.7bln luxury retail joint venture Ras Al Khaimah seeks investments from China and Hong Kong in real estate, green sectors QatarEnergy signs long-term helium sales agreement with Air Liquide Oman, Kuwait fund sign $32.2mln financing deal for Duqm roads project Kuwait scraps oil tenders worth $10bln after bids exceed budget Qatar successfully conducts self-driving Robotaxi public trials at Old Doha Port Dubai's Emirates NBD posts net profit rise in 2025 driven by record lending growth Saudi ministry recalls 1,778 BAIC BJ40 vehicles due to a defective brake system Oman signs power deals with Qatar's Nebras and Korea Western Power worth $2.6bln SoF breaks ground on $707mln RAK waterfront project Saudi Arabia invests $400bln in tourism sector: Minister Bahrain: Arcapita joins hands with Cloud Capital to acquire 21MW data centre in US Saudi, Moroccan energy ministers sign executive program for renewable energy cooperation Masdar, consortium partners achieve financial close for Oman’s first Utility-scale solar, battery storage project Saudi Arabia's non-oil private sector growth slows in December, PMI shows Saudi Arabia mandates 70% localization of procurement jobs in private sector

Log in

عربي

Media Centre

Home » Media Centre

ADNIC: Strong economy helps insurer deliver positive performance

ADNIC: Strong economy helps insurer deliver positive performance

ADNIC: Strong economy helps insurer deliver positive performance

Feb 10, 2026

Abu Dhabi National Insurance Company (ADNIC) occupies a strategic position in the UAE’s insurance landscape as one of its oldest and most established underwriters. Founded in 1972 and headquartered in the UAE capital, ADNIC was the first insurer licensed in the emirate, transforming from a domestic provider into a multi-line insurer with retail, corporate, and specialised risk portfolios. It is now one of the country’s largest insurers, with coverage spanning motor, medical, engineering, marine, aviation, liability, and property insurance, supported by an international platform that enables cross-border servicing and reinsurance reach.

Financially, ADNIC benefits from scale, stability, and steady capital discipline. It also holds solid credit ratings – A from both Standard & Poor’s and AM Best – signalling strong underwriting standards.

“ADNIC’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), at the strongest level,” AM Best noted in its latest assessment of the company.

The global credit rating agency expects ADNIC’s risk-adjusted capitalisation to remain comfortably at the strongest level, underpinned by sufficient organic capital generation to support its business plans.