Dubai National Insurance Boosts Shareholder Dividends

Dubai National Insurance (DNI), a prominent player in the UAE's insurance sector, has announced a 15% cash dividend for shareholders, amounting to AED 17.325 million. This decision was made during the Annual General Assembly Meeting led by Chairman Khalaf Ahmad Al Habtoor. The announcement comes on the back of a successful year, with the company reporting a net profit of AED 53.5 million for 2024, marking a 13.6% increase from the previous year.

The company's insurance revenue rose to AED 469.1 million, up from AED 448.3 million in 2023, showcasing a steady growth trajectory. DNI attributes this robust performance to prudent underwriting strategies and strong investment income, which have been particularly commendable given the unprecedented challenges faced by the UAE insurance industry due to the April floods.

CEO A.R. Srinivasan emphasized the company's swift response to these challenges, highlighting the acceleration of claims settlements and enhancements in digital capabilities and customer service. This strategic approach not only reinforced DNI's role in protecting businesses and individuals but also contributed significantly to its financial success.

Despite the challenges, DNI's focus on innovation and digitalization has positioned it well for future growth. The company's commitment to advancing automation and delivering efficient service is expected to continue maximizing shareholder value and contributing to the community.

Chairman Khalaf Al Habtoor expressed gratitude to the UAE's leadership and regulatory authorities for their support and progressive policies, which have fostered a resilient economic environment. He reiterated DNI's commitment to sustainable growth, operational excellence, and long-term value creation.

Looking ahead, DNI aims to strengthen its position among regional market leaders by leveraging innovative capabilities and differentiated offerings. As the UAE's economy evolves, the company remains committed to building a resilient, future-ready insurance business that delivers sustainable returns and drives meaningful societal impact.

Given the company's strong performance and strategic initiatives, investors might consider holding their positions in DNI. The company's continued focus on innovation and operational excellence suggests potential for sustained growth and shareholder value.