Al Khazna Insurance Company P.S.C. reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company’s net premium was AED 70,887,030 compared to AED 175,867,244 a year ago. Net premium earned was AED 114,249,335 compared to AED 167,979,389 a year ago. Gross underwriting income was AED 104,869,234 compared to AED 157,761,014 a year ago. Net underwriting loss was AED 69,183,782 compared to AED 65,729,510 a year ago. Loss for the year attributable to equity holders of the parent company was AED 140,521,038 or AED 0.335 per basic and diluted share, compared to AED 77,701,478 or AED 0.185 per basic and diluted share, a year ago. Net cash used in operating activities was AED 67,261,529 compared to net cash used in operating activities of AED 8,832,563 a year ago. Payments to acquire property and equipment were AED 252,210 compared to AED 732,599 a year ago.