Abu Dhabi – Mubasher: Al Khazna Insurance logged AED 38.14 million ($10.4 million) net loss for the first nine months of 2015, 39% lower than the AED 62.45 million ($17 million) losses suffered in the same period a year ago.
The insurer’s third quarter profit amounted to AED 6.83 million, against AED 18.02 million loss in the prior-year period.
The company ascribed the improved results to a rise in net investment revenues to around AED 7.7 million. Net written premiums also rose by 38.73% to AED 106 million from AED 76.410 million.
