First Takaful Insurance announced earnings results for the second quarter and six months of 2014. For the quarter, the company announced net loss of KD 5.51 million. Loss largely due to a write-off on an investment in a Saudi insurance company. Net loss per share stood at 55.08 fils, compared to a net profit per share of 0.47 fils.

For the six months, the company's net loss amounted to KD 5.83 million, versus a net profit of KD 104,068 for the first half of 2013. Net loss per share was 58.35 fils, against a net profit of 1.04 fils a year ago. The loss was largely due to a KD 3.9 million write-off on the investment in Saudi Arabia-based Weqaya Takaful Insurance and Reinsurance Co.