National Insurance Company (Palestine) (PEX:NIC)

PEX:NIC Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	9.37	10.41	14.22	19.87	20.86
Investments in Equity & Preferred Securities	10.84	3.3	2.51	4.87	4.75
Other Investments	11.53	12.7	7.34	2.14	4.17
Total Investments	63.37	67.28	66.18	58.66	58.47
Cash & Equivalents	7.07	6.34	8.73	14.91	17.09
Reinsurance Recoverable	30.94	23.1	8.36	11.64	12.35
Other Receivables	0.74	0.62	1.63	37.85	36.68
Property, Plant & Equipment	4.75	5.14	5.71	5.43	5.09
Other Intangible Assets	0.12	0.17	-	0.07	0.1
Restricted Cash	-	-	3.93	-	-
Other Current Assets	1.03	1.48	0.18	1.45	0.35
Long-Term Deferred Tax Assets	3.38	3.18	2.95	3	2.54
Other Long-Term Assets	3.57	3.62	-	6.33	1.49
Total Assets	114.98	110.94	97.66	139.33	134.15
Accounts Payable	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	55.04	51.58	37.37	0.01	0.01
Unpaid Claims	-	-	-	49.52	43.8
Unearned Premiums	-	-	-	22.03	20.34
Reinsurance Payable	0.02	0.03	0.03	2.57	3.14
Current Portion of Leases	0.15	0.14	0.12	0.12	0.11
Current Income Taxes Payable	2.31	1.77	0.81	-	1.49
Long-Term Leases	0.58	0.7	0.8	0.93	1.02
Long-Term Deferred Tax Liabilities	2.12	1.98	1.82	1.56	1.43
Other Current Liabilities	0.2	1.88	1.26	2.41	2.16
Total Liabilities	72.4	66.96	50.44	92.62	87.19
Common Stock	18.5	17.25	17.25	17.25	15
Retained Earnings	27.68	26.6	29.2	27.79	30.39
Treasury Stock	-0.27	-0.25	-0.15	-	-
Comprehensive Income & Other	-3.33	-1.28	-0.98	-0.09	-0.15
Total Common Equity	42.58	42.32	45.32	44.95	45.25
Minority Interest	-	1.66	1.89	1.76	1.72
Shareholders' Equity	42.58	43.98	47.22	46.71	46.96
Total Liabilities & Equity	114.98	110.94	97.66	139.33	134.15
Filing Date Shares Outstanding	18.42	18.47	18.5	18.5	18.5
Total Common Shares Outstanding	18.42	18.47	18.5	18.5	18.5
Total Debt	0.73	0.84	0.92	1.06	1.13
Net Cash (Debt)	6.35	5.5	7.81	13.85	15.95
Net Cash Growth	15.38%	-29.55%	-43.63%	-13.20%	-20.37%
Net Cash Per Share	0.34	0.30	0.42	0.75	0.86
Book Value Per Share	2.31	2.29	2.45	2.43	2.45
Tangible Book Value	42.46	42.15	45.32	44.88	45.15
Tangible Book Value Per Share	2.30	2.28	2.45	2.43	2.44
Buildings	1.01	1.01	6.33	5.32	5.13
Machinery	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.