Al Khazna Insurance Company P.S.C. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced gross premiums written of AED 45,667,240 compared to AED 31,061,443 for the same period a year ago. Premium income earned was AED 27,914,156 compared to AED 22,787,431 for the same period a year ago. Net earned premiums were AED 11,646,357 compared to AED 9,487,851 for the same period a year ago. Net investment loss was AED 8,880,199 compared to AED 85,122,739 for the same period a year ago. Loss for the period attributable to equity holders of the parent company was AED 18,018,826 compared to AED 87,626,229 for the same period a year ago. Basic and diluted loss per share was AED 0.042 compared to AED 0.208 for the same period a year ago.

For the nine months, the company announced gross premiums written of AED 100,432,449 compared to AED 80,122,712 for the same period a year ago. Premium income earned was AED 76,410,687 compared to AED 75,883,913 for the same period a year ago. Net earned premiums were AED 31,476,774 compared to AED 33,124,335 for the same period a year ago. Net investment loss was AED 36,884,412 compared to AED 83,947,297 for the same period a year ago. Loss for the period attributable to equity holders of the parent company was AED 62,456,104 compared to AED 98,391,280 for the same period a year ago. Basic and diluted loss per share was AED 0.149 compared to AED 0.234 for the same period a year ago. Net cash used in operating activities was AED 6,384,884 compared to AED 18,902,123 for the same period a year ago. Payments to acquire property and equipment were AED 259,882 compared to AED 261,396 for the same period a year ago.