National Insurance Company (Palestine) (PEX:NIC)

PEX:NIC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	52.17	51.53	53.96	56.16	48.64	44.67
Total Interest & Dividend Income	0.35	0.32	0	1.87	1.68	1.72
Gain (Loss) on Sale of Investments	-0.31	-0.93	-2.2	0.94	1.61	0.36
Other Revenue	0.14	0.27	0.6	0.35	2.82	2.71
Total Revenue	52.35	51.19	52.37	59.32	54.75	49.46
Revenue Growth (YoY)	3.26%	-2.25%	-11.72%	8.36%	10.70%	7.06%
Policy Benefits	48.37	46.46	50.35	54.31	40.59	30.53
Policy Acquisition & Underwriting Costs	-	-	-	-	1.96	1.91
Selling, General & Administrative	0.04	0.04	0.05	0.05	9.04	8.7
Provision for Bad Debts	-	-	-	-	0.45	1.21
Other Operating Expenses	1.48	1.55	1.89	1.48	-	-
Total Operating Expenses	49.89	48.05	52.29	55.83	52.04	42.35
Operating Income	2.46	3.15	0.09	3.5	2.71	7.1
Interest Expense	-0.01	-0.01	-0	-0.67	-0.09	-0.1
Currency Exchange Gain (Loss)	0.26	0.07	-0.37	-0.62	0.65	2.71
EBT Excluding Unusual Items	2.7	3.21	-0.29	2.2	3.26	9.7
Gain (Loss) on Sale of Assets	0.03	0.04	0.14	0.21	0.07	0.03
Asset Writedown	0.96	0.96	1.06	1.54	-	-
Other Unusual Items	-	-	-	-	-0.01	0.06
Pretax Income	3.69	4.2	0.91	3.95	3.32	9.8
Income Tax Expense	0.93	1.2	1.5	0.89	0.22	1.99
Earnings From Continuing Ops.	2.77	3	-0.59	3.06	3.11	7.81
Net Income to Company	2.77	3	-0.59	3.06	3.11	7.81
Minority Interest in Earnings	0.01	-	-0.06	-0.14	-0.08	-0.09
Net Income	2.77	3	-0.66	2.92	3.02	7.72
Net Income to Common	2.77	3	-0.66	2.92	3.02	7.72
Net Income Growth	143.15%	-	-	-3.47%	-60.82%	10.45%
Shares Outstanding (Basic)	18	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18	18
Shares Change (YoY)	-0.19%	-0.20%	-0.19%	-0.00%	-	-
EPS (Basic)	0.15	0.16	-0.04	0.16	0.16	0.42
EPS (Diluted)	0.15	0.16	-0.04	0.16	0.16	0.42
EPS Growth	143.61%	-	-	-3.47%	-60.82%	10.45%
Free Cash Flow	-0.56	0.19	0.69	-4.7	0.07	2.65
Free Cash Flow Per Share	-0.03	0.01	0.04	-0.25	0.00	0.14
Dividend Per Share	-	-	0.050	0.117	0.163	0.182
Dividend Growth	-	-	-57.12%	-28.55%	-10.53%	12.45%
Operating Margin	4.69%	6.14%	0.16%	5.89%	4.94%	14.36%
Profit Margin	5.30%	5.87%	-1.25%	4.92%	5.53%	15.61%
Free Cash Flow Margin	-1.07%	0.37%	1.33%	-7.93%	0.12%	5.35%
EBITDA	2.89	3.62	0.62	4.02	3.2	7.57
EBITDA Margin	5.53%	7.07%	1.19%	6.77%	5.85%	15.31%
D&A For EBITDA	0.44	0.47	0.54	0.52	0.49	0.47
EBIT	2.46	3.15	0.09	3.5	2.71	7.1
EBIT Margin	4.69%	6.14%	0.16%	5.89%	4.94%	14.36%
Effective Tax Rate	25.08%	28.58%	164.80%	22.56%	6.51%	20.31%

Updated Feb 16, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.