Reported Earnings • May 16
First quarter 2026 earnings released: EPS: د.إ0.17 (vs د.إ0.20 in 1Q 2025) First quarter 2026 results: EPS: د.إ0.17 (down from د.إ0.20 in 1Q 2025). Revenue: د.إ3.14b (up 42% from 1Q 2025). Net income: د.إ94.3m (down 19% from 1Q 2025). Profit margin: 3.0% (down from 5.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Mar 11
Upcoming dividend of د.إ0.47 per share Eligible shareholders must have bought the stock before 18 March 2026. Payment date: 25 March 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 5.9%. Lower than top quartile of Emirian dividend payers (6.5%). In line with average of industry peers (5.6%). Announcement • Feb 18
Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Mar 12, 2026 Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Mar 12, 2026, at 15:00 Arabian Standard Time. Location: abu dhabi United Arab Emirates Declared Dividend • Feb 12
Dividend increased to د.إ0.47 Dividend of د.إ0.47 is 4.4% higher than last year. Ex-date: 18th March 2026 Payment date: 25th March 2026 Dividend yield will be 5.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 11
Abu Dhabi National Insurance Company PJSC announces Annual dividend, payable on March 25, 2026 Abu Dhabi National Insurance Company PJSC announced Annual dividend of AED 0.4700 per share payable on March 25, 2026, ex-date on March 18, 2026 and record date on March 23, 2026. Reported Earnings • Feb 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: د.إ0.83 (up from د.إ0.73 in FY 2024). Revenue: د.إ9.89b (down 20% from FY 2024). Net income: د.إ475.0m (up 14% from FY 2024). Profit margin: 4.8% (up from 3.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: د.إ0.22 (vs د.إ0.18 in 3Q 2024) Third quarter 2025 results: EPS: د.إ0.22 (up from د.إ0.18 in 3Q 2024). Net income: د.إ126.4m (up 26% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Announcement • Nov 04
Abu Dhabi National Insurance Company PJSC to Report Q3, 2025 Results on Nov 10, 2025 Abu Dhabi National Insurance Company PJSC announced that they will report Q3, 2025 results on Nov 10, 2025 Reported Earnings • Aug 13
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: د.إ2.43b (down 27% from 2Q 2024). Net income: د.إ111.5m (up 7.5% from 2Q 2024). Profit margin: 4.6% (up from 3.1% in 2Q 2024). The increase in margin was driven by lower expenses. Announcement • Aug 06
Abu Dhabi National Insurance Company PJSC to Report Q2, 2025 Results on Aug 11, 2025 Abu Dhabi National Insurance Company PJSC announced that they will report Q2, 2025 results on Aug 11, 2025 Reported Earnings • May 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: د.إ2.21b (down 1.2% from 1Q 2024). Net income: د.إ116.8m (up 16% from 1Q 2024). Profit margin: 5.3% (up from 4.5% in 1Q 2024). The increase in margin was driven by lower expenses. Announcement • May 08
Abu Dhabi National Insurance Company PJSC to Report Q1, 2025 Results on May 13, 2025 Abu Dhabi National Insurance Company PJSC announced that they will report Q1, 2025 results on May 13, 2025 Announcement • Mar 01
Abu Dhabi National Insurance Company PJSC Approves Dividend for the Fiscal Year Ended on December 31, 2024 Abu Dhabi National Insurance Company PJSC at its Annual General Assembly Meeting held on February 27, 2025 approved Board of Directors' proposal regarding the distribution of cash dividends of 45% of the Share Nominal Value (AED 0.45 per Share), amounting to AED 256,500,000 for the Fiscal Year ended on December 31, 2024, payable Within 30 days of the date of the General Assembly, EX Dividend Date is March 7, 2025, Last Entitlement Date is March 6, 2025. Shareholders' Registry Closing Date is March 10, 2025. Announcement • Feb 07
Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Feb 27, 2025 Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Feb 27, 2025, at 16:30 Arabian Standard Time. Reported Earnings • Feb 07
Full year 2024 earnings released Full year 2024 results: Revenue: د.إ12.3b (up 78% from FY 2023). Net income: د.إ416.8m (up 3.9% from FY 2023). Profit margin: 3.4% (down from 5.8% in FY 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 13
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: د.إ3.89b (up 143% from 3Q 2023). Net income: د.إ100.4m (up 3.0% from 3Q 2023). Profit margin: 2.6% (down from 6.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 10
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: د.إ3.31b (up 27% from 2Q 2023). Net income: د.إ103.8m (flat on 2Q 2023). Profit margin: 3.1% (down from 4.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: د.إ2.23b (up 406% from 1Q 2023). Net income: د.إ100.9m (up 1.3% from 1Q 2023). Profit margin: 4.5% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • May 08
Abu Dhabi National Insurance Company PJSC to Report Q1, 2024 Results on May 09, 2024 Abu Dhabi National Insurance Company PJSC announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Apr 19
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. 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 on September 27, 2023. Upon completion of the overall transaction, ADNIC will directly own 51% of the share capital of the Allianz Saudi Fransi Cooperative and Allianz will cease to hold, directly or indirectly, any shares in it. As a part of the transaction, employees and the customers of AzSF will not be affected. The Allianz group's solvency capitalization and cash position is not affected. The ADNIC intends to fund the acquisition through internal cash resources. Completion of the overall transaction is subject to certain conditions and regulatory approvals. The transaction is expected to be completed in in early 2024. HSBC acted as Sole Financial Adviser to Allianz SE. 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 on April 17, 2024. All of the conditions precedent to closing have been satisfied, including the approval of the Central Bank of the United Arab Emirates, the Saudi Central Bank (SAMA), the Capital Market Authority of Saudi Arabia and the Saudi Exchange (Tadawul), with respect to the transaction. Announcement • Mar 26
Abu Dhabi National Insurance Company PJSC Approves Cash Dividends for the Fiscal Year Ended on December 31, 2023 Abu Dhabi National Insurance Company PJSC announced that at its annual general assembly meeting held on March 25, 2024, approved the board of directors’ proposal regarding the distribution of cash dividends of 45% of the Share Nominal Value (AED 0.45 per Share), amounting to AED 256 million and 500,000 for the fiscal year ended on December 31, 2023. Payment date is Within 30 days of the date of the General Assembly. EX-dividend date is April 3, 2024. Shareholders registry closing date is April 4, 2024. Announcement • Mar 21
Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Mar 25, 2024 Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Mar 25, 2024, at 11:00 Coordinated Universal Time. Location: the Head O ce of the Company at ADNIC Building No. 403, Khalifa Street - Abu Dhabi Abu Dhabi United Arab Emirates Agenda: To Listen to and approve the Board of Directors' Report on the Company's activity and its financial position for the Fiscal Year ended on 31/12/2023; to Listen to and approve the Auditor's Report for the Fiscal Year ended on 31/12/2023; to Discuss and approve the Company's Balance Sheet and Profit & Loss Account for the Fiscal Year ended on 31/12/2023; to Discharge the Members of the Board of Directors from the responsibility for the Fiscal Year ended on 31/12/2023 and to consider other matters. New Risk • Feb 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.8% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.8% net profit margin). Announcement • Feb 08
Abu Dhabi National Insurance Company PJSC to Report Fiscal Year 2023 Results on Feb 12, 2024 Abu Dhabi National Insurance Company PJSC announced that they will report fiscal year 2023 results on Feb 12, 2024 Reported Earnings • Nov 15
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: د.إ551.3m (up 17% from 3Q 2022). Net income: د.إ97.5m (up 21% from 3Q 2022). Profit margin: 18% (in line with 3Q 2022). Announcement • Sep 29
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. 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 on September 28, 2023. Upon completion of the overall transaction, ADNIC will directly own 51% of the share capital of the Allianz Saudi Fransi Cooperative and Allianz will cease to hold, directly or indirectly, any shares in it. The ADNIC intends to fund the acquisition through internal cash resources. Completion of the overall transaction is subject to certain conditions and regulatory approvals. The transaction is expected to be completed in a few months. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: د.إ0.18 (vs د.إ0.16 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.18 (up from د.إ0.16 in 2Q 2022). Revenue: د.إ568.6m (up 21% from 2Q 2022). Net income: د.إ104.7m (up 14% from 2Q 2022). Profit margin: 18% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2023 earnings released First quarter 2023 results: Revenue: د.إ1.50b (up 246% from 1Q 2022). Net income: د.إ99.7m (up 18% from 1Q 2022). Profit margin: 6.6% (down from 20% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 16
Abu Dhabi National Insurance Company Announces CEO Changes Abu Dhabi National Insurance Company (ADNIC) announced the appointment of Mr. Charalampos Mylonas as the chief executive officer (CEO) of the company, to succeed Mr. Ahmad Idris, who has resigned as of 28 February 2023. Mr. Mylonas joined the company in 2020 and he currently holds the position of Deputy CEO; he will assume his new position as the Chief Executive Officer effective 1 March 2023. Over the past 25 years, Mr. Mylonas has held various leadership positions in leading insurance companies in the United Arab Emirates and abroad, and has diverse experience in the field of Underwriting, Risk Management and Actuarial Services, as he held several leadership roles in various organizations such as AXA, AIG, Sukoon (Oman Insurance) and Fidelity United Insurance Company. Mr. Charalampos Mylonas holds a Master of Actuarial Science and he is a holder of a Chartered Enterprise Risk Actuary Institute of Actuaries (UK), CERA 2019 qualification. Announcement • Feb 15
Abu Dhabi National Insurance Company PJSC Proposes Dividend for the Fiscal Year 2022 The board of directors of Abu Dhabi National Insurance Company PJSC proposed subject to the approval of the Annual Ordinary General Assembly, a cash dividend in respect of the year 2022 of AED 0.40 per share as same as a year ago. Reported Earnings • Feb 15
Full year 2022 earnings released Full year 2022 results: Revenue: د.إ1.87b (up 3.7% from FY 2021). Net income: د.إ377.9m (down 5.9% from FY 2021). Profit margin: 20% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 06
Abu Dhabi National Insurance Company PJSC Announces Resignation of Mr. Johannes Jacobs Fourie as Executive Vice President- Risk Management, Effective from 3 April 2023 Abu Dhabi National Insurance Company PJSC announced the resignation of Mr. Johannes Jacobs Fourie as Executive Vice President - Risk Management effective 3 April 2023. Price Target Changed • Nov 16
Price target increased to د.إ8.50 Up from د.إ4.10, the current price target is an average from 2 analysts. New target price is 44% above last closing price of د.إ5.90. Stock is up 1.9% over the past year. The company posted earnings per share of د.إ0.70 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Hamoodah Bin Hamoodah was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: د.إ470.9m (up 5.4% from 3Q 2021). Net income: د.إ80.6m (down 5.1% from 3Q 2021). Profit margin: 17% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 11
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: د.إ454.0m (flat on 2Q 2021). Net income: د.إ102.3m (down 11% from 2Q 2021). Profit margin: 23% (down from 25% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Abu Dhabi National Insurance Company PJSC to Report Q2, 2022 Results on Aug 09, 2022 Abu Dhabi National Insurance Company PJSC announced that they will report Q2, 2022 results on Aug 09, 2022 Reported Earnings • May 13
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: د.إ0.15 (down from د.إ0.23 in 1Q 2021). Revenue: د.إ436.0m (down 4.1% from 1Q 2021). Net income: د.إ84.7m (down 37% from 1Q 2021). Profit margin: 19% (down from 29% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 156% compared to a 16% decline forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Price Target Changed • Apr 27
Price target increased to د.إ8.50 Up from د.إ4.10, the current price target is provided by 1 analyst. New target price is 24% above last closing price of د.إ6.86. Stock is up 43% over the past year. The company is forecast to post earnings per share of د.إ0.82 for next year compared to د.إ0.70 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Hamoodah Bin Hamoodah was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Price Target Changed • Mar 23
Price target increased to د.إ8.50 Up from د.إ4.10, the current price target is provided by 1 analyst. New target price is 13% above last closing price of د.إ7.50. Stock is up 45% over the past year. The company is forecast to post earnings per share of د.إ0.82 for next year compared to د.إ0.70 last year. Board Change • Mar 23
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. No independent directors (9 non-independent directors). Director Hamoodah Bin Hamoodah was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 21
Abu Dhabi National Insurance Company PJSC Proposes Dividend for the Year Ended December 31, 2021 Abu Dhabi National Insurance Company PJSC at its annual general assembly meeting to be held on March 15, 2022, to discuss and approve the Board of Directors' proposal regarding the distribution of cash dividends of 40% of the Share Nominal Value (AED 0.40 per Share), amounting to AED 228 million for the Fiscal Year ended on December 31, 2021. The shareholder registered in the Shareholders Register on March 25, 2022 shall be entitled to receive the dividends. Announcement • Feb 11
Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Mar 15, 2022 Abu Dhabi National Insurance Company PJSC, Annual General Meeting, Mar 15, 2022, at 06:30 Coordinated Universal Time. Agenda: To consider to distribute cash dividends to the Shareholders of 40% of the Share Nominal Value (AED 0.40 per Share), amounting to AED 228 million, for the Financial Year ended on 31/12/2021; to consider the Company's Financial Statements for 2021, in order to be presented to and approved by the Company's Annual General Assembly; and to consider other matters. Announcement • Feb 04
Abu Dhabi National Insurance Company PJSC to Report Fiscal Year 2021 Results on Feb 09, 2022 Abu Dhabi National Insurance Company PJSC announced that they will report fiscal year 2021 results on Feb 09, 2022