Al Khazna Insurance Company P.S.C. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported gross premium written of AED 33.59 million compared to AED 32.93 million a year ago. Net earned premiums were AED 10.35 million compared to AED 9.66 million a year ago. Loss for the period attributable to equity holders of the parent company was AED 40.42 million or AED 0.096 per basic and diluted share compared to AED 11.65 million or AED 0.028 per basic and diluted share a year ago.

For the period, the company reported gross premium written of AED 54.77 million compared to AED 49.06 million a year ago. Net earned premiums were AED 19.83 million compared to AED 23.64 million a year ago. Net operating profit was AED 7.92 million compared to AED 4.89 million a year ago. Loss for the period attributable to equity holders of the parent company was AED 44.44 million or AED 0.106 per basic and diluted share compared to AED 10.77 million or AED 0.026 per basic and diluted share a year ago. Net cash used in operating activities were AED 11.95 million against AED 21.63 million a year ago. Payments to acquire property and equipment were AED 126,107 against AED 124,042 a year ago.