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National Insurance Company (NIC)

Overview

NIC
Overview
 

National Insurance Company Ltd. (NIC) is a Palestine-based public shareholding company engaged in the provision of insurance and reinsurance business through nine branches, nine offices and 28 agencies across the Palestinian Territories. The Company offers its services through six divisions, namely Motor Insurance, which offers third party and completion insurance cover; Property Insurance offers fire and allied perils, and property all risk; Marine Insurance offers marine cargo insurance; Engineering Insurance offers contractors all risk and machinery breakdown; Specialized Insurance offers third party liability and product liability, and professional indemnity policy and Personal Insurance, which provides personal accident insurance, life insurance and travel insurance coupon (safe travel).

 
Year Total revenues Total expenses Net income (Loss) Dividends Capital Subscribed Capital Market Cap
2007 3,275,301 1,001,356 2,232,437 15% Cash , 5% Stocks 7,627,119 7,627,119 38,822,035
2008 5,355,501 1,269,052 2,861,928 15% Cash 8,000,000 8,000,000 32,000,000
2009 4,627,633 1,643,700 3,973,208 %20 Cash+%25 Stocks 8,000,000 8,000,000 34,160,000
2010 3,918,655 2,008,964 5,168,147 %20 Cash 10,000,000 10,000,000 38,500,000
2011 6,415,034 5,026,640 5,206,640 20% Stock ,15% Cash 10,000,000 10,000,000 38,000,000
2012 26,517,672 6,241,682 4,756,330 20% Cash 12,000,000 12,000,000 46,440,000
2013 26,549,397 6,662,817 5,586,640 20% Cash 12,000,000 12,000,000 43,200,000
2014 28,844,750 6,418,148 2,641,147 15% Cash 12,000,000 12,000,000 39,600,000
2015 27,932,578 6,326,282 1,470,420 12.5% cash 12,000,000 12,000,000 34,800,000
2016 31,036,766 6,321,213 4,067,178 20% Cash 12,000,000 12,000,000 38,400,000
 
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