National Insurance Company (Palestine) (PEX: NIC)

NIC Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	9.8	12.78	14.22	19.87	20.86	20.34
Investments in Equity & Preferred Securities	1.97	2.65	2.51	4.87	4.75	2.24
Other Investments	18.17	10.99	7.34	2.14	4.17	-
Total Investments	60.81	67.28	66.18	58.66	58.47	49.36
Cash & Equivalents	6.31	6.34	8.73	14.91	17.09	21.38
Reinsurance Recoverable	32.96	23.1	8.36	11.64	12.35	8.3
Other Receivables	0.28	0.62	1.63	37.85	36.68	28.6
Property, Plant & Equipment	5.08	5.3	5.71	5.43	5.09	5.29
Other Intangible Assets	-	-	-	0.07	0.1	0.12
Restricted Cash	3.26	3.32	3.93	-	-	-
Other Current Assets	2.2	1.43	0.18	1.45	0.35	0.2
Long-Term Deferred Tax Assets	3.74	3.18	2.95	3	2.54	2.15
Other Long-Term Assets	-	-	-	6.33	1.49	1.03
Total Assets	114.65	110.59	97.66	139.33	134.15	116.42
Accounts Payable	2.1	0.63	0.67	6.9	6.29	5
Accrued Expenses	5.54	3.7	2.96	1.26	2.67	2
Insurance & Annuity Liabilities	57.41	51.58	37.37	0.01	0.01	0.01
Unpaid Claims	-	-	-	49.52	43.8	36.55
Unearned Premiums	-	-	-	22.03	20.34	18.82
Reinsurance Payable	-	0.03	0.03	2.57	3.14	2.08
Current Portion of Long-Term Debt	-	-	-	-	-	0.06
Current Portion of Leases	0.23	0.14	0.12	0.12	0.11	0.11
Current Income Taxes Payable	2.45	1.77	0.81	-	1.49	0.73
Long-Term Leases	0.6	0.7	0.8	0.93	1.02	1.17
Long-Term Deferred Tax Liabilities	1.98	1.98	1.82	1.56	1.43	1.32
Other Current Liabilities	-	1.88	1.26	2.41	2.16	1.99
Total Liabilities	74.66	66.96	50.44	92.62	87.19	74.26
Common Stock	18.5	17.25	17.25	17.25	15	15
Retained Earnings	24.96	26.26	29.2	27.79	30.39	25.67
Treasury Stock	-0.27	-0.25	-0.15	-	-	-
Comprehensive Income & Other	-3.67	-1.28	-0.98	-0.09	-0.15	-0.16
Total Common Equity	39.52	41.97	45.32	44.95	45.25	40.51
Minority Interest	0.47	1.66	1.89	1.76	1.72	1.65
Shareholders' Equity	39.99	43.64	47.22	46.71	46.96	42.16
Total Liabilities & Equity	114.65	110.59	97.66	139.33	134.15	116.42
Filing Date Shares Outstanding	18.43	18.43	18.5	18.5	18.5	18.5
Total Common Shares Outstanding	18.43	18.43	18.5	18.5	18.5	18.5
Total Debt	0.83	0.84	0.92	1.06	1.13	1.34
Net Cash (Debt)	5.48	5.5	7.81	13.85	15.95	20.04
Net Cash Growth	-7.09%	-29.55%	-43.63%	-13.20%	-20.37%	-11.57%
Net Cash Per Share	0.30	0.30	0.42	0.75	0.86	1.08
Book Value Per Share	2.14	2.28	2.45	2.43	2.45	2.19
Tangible Book Value	39.52	41.97	45.32	44.88	45.15	40.39
Tangible Book Value Per Share	2.14	2.28	2.45	2.43	2.44	2.18
Buildings	5.95	5.92	6.33	5.32	5.13	4.88
Machinery	4.31	4.32	4.02	3.69	3.71	3.52
Construction In Progress	-	-	-	0.62	-	-

Source: S&P Capital IQ. Insurance template. Financial Sources.