(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 14th February, 2021 (WAM) -- Abu Dhabi National Insurance Company (ADNIC), said 2020's net profit increased by 30.5 % to AED371 million, compared to a net profit of AED 284.3 million for 2019 In a statement on its financial results for the full year ended 31 December 2020 today, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: "Against the uncertain backdrop of 2020, ADNIC demonstrated strong results with a full-year net profit of AED 371 million, a 30.5% increase compared to the previous year. ADNIC's technical abilities in prudent risk selection continue to be the bedrock on which this performance is based. These results are also due in part to the long-term investments we have made in technology over recent years and our ability and expertise to put the customer first and provide them with platforms that function 24/7. As a customer centric company, we will continue to pursue our digital transformation journey across all customer channels and consumer lines products."