Al Buhaira National Insurance Company P.S.C. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company’s net insurance premium revenue was AED 54,483,765 against AED 71,193,671 a year ago. Net claims incurred against were AED 41,475,155 against AED 60,449,674 a year ago. Net commission earned against was AED 4,350,772 against AED 3,669,377 a year ago. Net underwriting profit against was AED 5,610,989 against AED 3,427,829 a year ago. Profit for the period was AED 12,028,921 against AED 10,712,843 a year ago. Basic earnings per share were AED 0.05 against AED 0.04 a year ago. For the six months, the company’s net insurance premium revenue was AED 114,739,377 against AED 147,384,069 a year ago. Net claims incurred against were AED 92,719,067 against AED 130,528,875 a year ago. Net commission earned against was AED 18,226,913 against AED 22,436,568 a year ago. Net underwriting profit against was AED 15,656,564 against AED 15,913,010 a year ago. Profit for the period was AED 30,684,167 against AED 34,682,321 a year ago. Basic earnings per share were AED 0.12 against AED 0.14 a year ago. Net cash used in operating activities was AED 18,152,377 against AED 21,084,779 a year ago. Purchase of property and equipment was AED 880,799 against AED 873,990 a year ago.