Al Khazna Insurance Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of AED 21,179,000, net operating profit of AED 4,566,000 and net loss of AED 4,019,000 or AED 0.009 per basic and diluted share against total revenue of AED 16,135,000, net operating profit of AED 5,690,000 and net profit of AED 888,000 or AED 0.002 per basic and diluted share for the same period a year ago. Premium income earned were AED 24,725,402 against AED 28,262,462 for the same period a year ago.

Net earned premium was AED 9,475,671 against AED 13,971,441 for the same period a year ago. Net investment income was AED 2,782,208 against AED 7,666,304 for the same period a year ago. Net underwriting loss was AED 1,512,855 against AED 1,792,824 for the same period a year ago.

Net cash used in operating activities was AED 6,240,779 against AED 11,733,227 for the same period a year ago. Payments to acquire property and equipment were AED 72,935 against AED 99,389 for the same period a year ago.