Abu Dhabi National Takaful Co. P.S.C. has reported a profit of 10.3 million U.A.E. dirhams ($2.8 million) for the first quarter of 2014, up 4% year on year.
The company's underwriting profit for the period totaled AED 8.6 million, a tad less than the AED 8.8 million logged in the first quarter of 2013, CPI Financial reports. The insurer's chief executive, Osama Abdeen, attributed the first quarter performance to "diversification of our portfolio mix and implementing sound underwriting policy," among other factors.