Al Khazna Insurance Company P.S.C. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported gross premiums written of AED 18,344,629 compared to AED 70,941,947 a year ago. Net premium was of AED 12,817,697 compared to AED 64,460,407 a year ago. Net premium earned was of AED 38,051,007 compared to AED 35,832,407 a year ago. Gross underwriting income was AED 35,139,612 against AED 34,637,946 a year ago. Net underwriting loss was AED 15,394,781 against AED 4,386,205 a year ago. Net cash used in operating activities of AED 26,050,485 compared to cash generated from operating activities of AED 25,942,159 a year ago. Payments to acquire property and equipment were AED 90,137 compared to AED 88,030 a year ago. Loss attributable to equity holders of the company was AED 11,117,482 or AED 0.026 per basic and diluted share compared to AED 11,066,011 or AED 0.026 per basic and diluted share a year ago.