Abu Dhabi National Insurance Company (Adnic), one of many main multi-line insurance suppliers for corporates and people within the gulf, had its ratings reaffirmed at a monetary energy ranking of A (Excellent) and a long-term issuer credit standing of “a” (Excellent), each with a secure outlook by ratings company AM Best.
The ranking displays Adnic’s steadiness sheet energy, in addition to its sturdy working efficiency, impartial business profile and acceptable enterprise threat administration.
Ahmad Idris, Chief Executive Officer of Abu Dhabi National Insurance Company (Adnic), stated: “AM Best’s rating underscores Adnic’s strong capitalisation, financial flexibility and steady earnings and business growth over many years. Adnic’s disciplined underwriting approach has contributed to our consistent track record of double digit Return on Equity. As we celebrate our 50th year of operations in 2022, Adnic will continue to maintain its competitive advantage through a clear strategy, underwriting discipline, operational excellence and a diversified investment portfolio.”
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