Al Khazna Insurance Company P.S.C. reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported gross premiums written of AED 236,809,312 compared to AED 172,081,539 a year ago. Net premium was of AED 175,867,244 compared to AED 116,286,048 a year ago. Net premium earned was of AED 167,979,389 compared to AED 84,146,381 a year ago. Gross underwriting income was AED 157,761,014 against AED 83,811,343 a year ago. Net underwriting loss was AED 65,729,510 against AED 36,343,829 a year ago. Net cash generated from operating activities of AED 8,832,563 compared to AED 3,046,278 a year ago. Payments to acquire property and equipment were AED 732,599 compared to AED 511,995 a year ago. Net loss for the year attributable to equity holders of the parent company was AED 88,569 or AED 0.185 per basic and diluted share compared to AED 68,398,235 or AED 0.142 per basic and diluted share a year ago.