Abu Dhabi National Insurance's premiums boom

Posted On: May. 2, 2019 6:41 AM CST

U.A.E.-based Abu Dhabi National Insurance Company P.S.C.'s gross written premiums grew nearly 43% year over year to 1.7 billion United Arab Emirates' dirhams ($463 million) in the first quarter, Middle East Insurance Review reported. The insurer said that net profit declined 44% to AED 52.6 million due to the poor performance of its consumer lines business.