National Insurance Company (Palestine) (PEX:NIC)

PEX:NIC Balance Sheet

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
Investments in Debt Securities	9.72	9.37	10.41	14.22	19.87	20.86
Investments in Equity & Preferred Securities	12.65	10.84	3.3	2.51	4.87	4.75
Other Investments	9.2	11.53	12.7	7.34	2.14	4.17
Total Investments	61.83	63.37	67.28	66.18	58.66	58.47
Cash & Equivalents	4.13	7.07	6.34	8.73	14.91	17.09
Reinsurance Recoverable	28.61	30.94	23.1	8.36	11.64	12.35
Other Receivables	0.76	0.74	0.62	1.63	37.85	36.68
Property, Plant & Equipment	4.64	4.75	5.14	5.71	5.43	5.09
Other Intangible Assets	0.2	0.12	0.17	-	0.07	0.1
Restricted Cash	-	-	-	3.93	-	-
Other Current Assets	2.09	1.03	1.48	0.18	1.45	0.35
Long-Term Deferred Tax Assets	3.45	3.38	3.18	2.95	3	2.54
Other Long-Term Assets	3.55	3.57	3.62	-	6.33	1.49
Total Assets	109.26	114.98	110.94	97.66	139.33	134.15
Accounts Payable	2.51	2.21	0.63	0.67	6.9	6.29
Accrued Expenses	-	5.48	3.7	2.96	1.26	2.67
Insurance & Annuity Liabilities	51.5	55.04	51.58	37.37	0.01	0.01
Unpaid Claims	-	-	-	-	49.52	43.8
Unearned Premiums	-	-	-	-	22.03	20.34
Reinsurance Payable	0.04	0.02	0.03	0.03	2.57	3.14
Current Portion of Leases	0.15	0.15	0.14	0.12	0.12	0.11
Current Income Taxes Payable	1.92	2.31	1.77	0.81	-	1.49
Long-Term Leases	0.48	0.58	0.7	0.8	0.93	1.02
Long-Term Deferred Tax Liabilities	2.12	2.12	1.98	1.82	1.56	1.43
Other Current Liabilities	5.62	0.2	1.88	1.26	2.41	2.16
Total Liabilities	68.46	72.4	66.96	50.44	92.62	87.19
Common Stock	18.5	18.5	17.25	17.25	17.25	15
Retained Earnings	28.14	27.68	26.6	29.2	27.79	30.39
Treasury Stock	-0.27	-0.27	-0.25	-0.15	-	-
Comprehensive Income & Other	-5.57	-3.33	-1.28	-0.98	-0.09	-0.15
Total Common Equity	40.8	42.58	42.32	45.32	44.95	45.25
Minority Interest	-	-	1.66	1.89	1.76	1.72
Shareholders' Equity	40.8	42.58	43.98	47.22	46.71	46.96
Total Liabilities & Equity	109.26	114.98	110.94	97.66	139.33	134.15
Filing Date Shares Outstanding	18.43	18.42	18.47	18.5	18.5	18.5
Total Common Shares Outstanding	18.43	18.42	18.47	18.5	18.5	18.5
Total Debt	0.63	0.73	0.84	0.92	1.06	1.13
Net Cash (Debt)	3.5	6.35	5.5	7.81	13.85	15.95
Net Cash Growth	47.84%	15.38%	-29.55%	-43.63%	-13.20%	-20.37%
Net Cash Per Share	0.19	0.34	0.30	0.42	0.75	0.86
Book Value Per Share	2.21	2.31	2.29	2.45	2.43	2.45
Tangible Book Value	40.6	42.46	42.15	45.32	44.88	45.15
Tangible Book Value Per Share	2.20	2.30	2.28	2.45	2.43	2.44
Buildings	1.01	1.01	1.01	6.33	5.32	5.13
Machinery	3.85	3.82	3.78	4.02	3.69	3.71
Construction In Progress	-	-	-	-	0.62	-

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