Adnic returns to profit in 2016

The Abu Dhabi National Insurance Company (Adnic) has reported net
profit of 205mn ($55.8mn) dirhams for full-year 2016, marking a
turnaround from the 334.5mn dirham loss the previous year.
The preliminary financial results also recorded a vast
improvement in Adnic's net underwriting, moving from a loss of
228.9mn dirhams in 2015 to a 342.6mn dirhams gain in 2016.
Net investment income was broadly flat at 102.4mn dirhams.
Gross written premium was 2.4bn dirhams, up by 3.9 percent,
while premium r