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National Insurance Company Group Ltd (Palestine)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: National Insurance Company Group Ltd Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

National Insurance Company Ltd. (NIC) is being a catalyst to a large number of new ventures in Palestine in various fields employing hundreds of people and contributing in a significant way to the nascent Palestinian economy.
The company is engaged in the provision of insurance and reinsurance business, offering its services through six divisions:Motor Insurance (third party and completion insurance cover)2- Property Insurance (fire and allied perils, and property all risk)3- Marine Insurance (marine cargo insurance)4- Engineering Insurance (contractors all risk and machinery breakdown)5- Specialized Insurance (third party liability and product liability, and professional indemnity policy) and 6- Personal Insurance (personal accident insurance, life insurance and travel insurance coupon (safe travel)).

Headquarters
Alwataneyyeh Tour Building, 34 Al-Bireh Municipality St. Al Bireh, P.O. Box 1819
Ramallah and Al-Bireh; Gaza;

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Website: http://www.nic-pal.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1992
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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9.64%
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6.74%
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6.74%
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6.74%
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4.35%
Subsidiaries
Al-Wataniah Towers Co. Plc
93%
Company Performance
Financial values in the chart are available after National Insurance Company Group Ltd report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
13.64%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-30.9%
Investments
-15.03%
Receivables
-96.99%
Total equity
-4.5%
Net Premiums Earned Trend
N/A
Net Profit Trend
-204.42%
Return on Equity (ROE)
N/A
Loss Ratio
-7.33%
Underwriting Expenses Ratio
-13.11%

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