ADNIC — Key Facts
| Full Name | Abu Dhabi National Insurance Company PSC |
| Founded | 1972 |
| Headquarters | Abu Dhabi, UAE |
| Listed On | Abu Dhabi Securities Exchange (ADX) |
| Major Shareholder | Abu Dhabi Government (~58%) |
| Gross Written Premium | ~AED 2.5 billion+ |
| Type | General and Life Insurance (Conventional) |
Abu Dhabi National Insurance Company PSC (ADNIC) is one of the UAE oldest, largest, and most trusted insurance companies. Founded in 1972, ADNIC provides a comprehensive range of general and life insurance products to individuals, corporations, and government entities. As a company with deep government roots, ADNIC insures major government projects and serves as a primary insurer for many Abu Dhabi government initiatives.
Who Owns ADNIC?
ADNIC is listed on the Abu Dhabi Securities Exchange (ADX). The Abu Dhabi Government through entities including the Abu Dhabi Investment Council (ADIC) holds approximately 58% of ADNIC shares, making it effectively a government-controlled insurer. The remaining approximately 42% is publicly traded on the ADX. The company is regulated by the UAE Central Bank (CBUAE).
History and Background
ADNIC was established in 1972, before the formal unification of the UAE federation, making it one of the earliest insurance companies in the region. Its founding was linked to Abu Dhabi growing need for insurance capacity to support the emirate oil boom and rapid infrastructure development. For over five decades, ADNIC has been a market-leading insurer in Abu Dhabi and across the UAE.
Products and Services
ADNIC product portfolio spans motor insurance, home and property insurance, marine cargo and hull insurance, engineering and construction insurance, group medical insurance, life and personal accident coverage, and liability insurance. The company serves retail customers, large corporations, government agencies, and state-owned enterprises across the UAE and GCC.
