Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Total Assets : د.إ8,351 Mil (As of Mar. 2024)

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What is Abu Dhabi National Insurance Co PJSC Total Assets?

Abu Dhabi National Insurance Co PJSC's Total Assets for the quarter that ended in Mar. 2024 was د.إ8,351 Mil.

During the past 12 months, Abu Dhabi National Insurance Co PJSC's average Total Assets Growth Rate was 29.60% per year. During the past 3 years, the average Total Assets Growth Rate was -7.20% per year. During the past 5 years, the average Total Assets Growth Rate was -6.20% per year. During the past 10 years, the average Total Assets Growth Rate was 1.90% per year.

During the past 13 years, Abu Dhabi National Insurance Co PJSC's highest 3-Year average Total Assets Growth Rate was 17.20%. The lowest was -14.50%. And the median was 4.80%.

Total Assets is connected with ROA %. Abu Dhabi National Insurance Co PJSC's annualized ROA % for the quarter that ended in Mar. 2024 was 5.03%. Total Assets is also linked to Revenue through Asset Turnover. Abu Dhabi National Insurance Co PJSC's Asset Turnover for the quarter that ended in Mar. 2024 was 0.09.

Abu Dhabi National Insurance Co PJSC Total Assets Historical Data

The historical data trend for Abu Dhabi National Insurance Co PJSC's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abu Dhabi National Insurance Co PJSC Total Assets Chart

Abu Dhabi National Insurance Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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7,921.01

8,329.78

6,253.89

6,402.56

7,716.36

Abu Dhabi National Insurance Co PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															6,545.46	7,055.49	7,380.70	7,716.36	8,351.38

Abu Dhabi National Insurance Co PJSC Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Abu Dhabi National Insurance Co PJSC's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	2919.088	+	4797.273
	=	7,716

Abu Dhabi National Insurance Co PJSC's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	2774.501	+	5576.882
	=	8,351

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Total Assets Explanation

Total Assets is connected with ROA %.

Abu Dhabi National Insurance Co PJSC's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	403.78	/	( (7716.361	+	8351.383)	/ 2 )
	=	403.78	/	8033.872
	=	5.03 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Abu Dhabi National Insurance Co PJSC's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	697.846	/	( (7716.361	+	8351.383)	/ 2 )
=	697.846	/	8033.872
=	0.09

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Abu Dhabi National Insurance Co PJSC Total Assets Related Terms

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Abu Dhabi National Insurance Co PJSC Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Total Assets

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Address

Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE

Website

https://www.adnic.ae

Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporations. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the majority of its premiums from the commercial segment.

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