Al Ain Ahlia Insurance Co. (P.S.C.) announced preliminary earnings results for the year ended December 31, 2011. For the period, the company reported net underwriting profit of AED 70,659,000 and net profit of AED 53,287,000 or AED 3.55 per share on gross premium written of AED 503,783,000 compared to net underwriting profit of AED 84,312,000 and net profit of AED 61,734,000 or AED 4.12 per share on gross premium written of AED 593,709,000 reported in the same period last year. Net cash generated from operating activities was AED 11,907,000 compared to net cash used in operating activities of AED 880,000 a year ago. Purchase of property, furniture and equipment was AED 429,000 compared to AED 218,000 a year ago. Net premium written was AED 183,110,000 compared to AED 204,966,000 a year ago. Net premium earned was AED 204,228,000 compared to AED 212,172,000 a year ago. For the year ended December 31, 2011, the board of directors has proposed to pay a cash dividend of AED 3 per share amounting to AED 45,000,000 compared to AED 5 per share or AED 75,000,000 last year, subject to the approval of the shareholders at the annual general meeting.