Al Buhaira National Insurance Company P.S.C. announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported net insurance premium revenue of AED 293,451,089 compared to AED 323,590,027 a year ago. Net commission earned was AED 38,013,453 compared to AED 38,441,472 a year ago. Net underwriting profit was AED 30,747,630 compared to AED 25,179,231 a year ago. Profit for the year was AED 52,234,584 or AED 0.21 per basic share compared to AED 42,727,459 or AED 0.17 per basic share a year ago. Net cash used in operating activities was AED 10,129,516 compared to net cash provided by operating activities AED 18,517,671 a year ago. Purchase of property and equipment was AED 2,006,733 compared to AED 1,058,259 a year ago.