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Palestine Insurance Company (PICO)

Overview

PICO
Overview
 

Palestine Insurance Company PICO was founded in 1994 with a paid-up capital of USD 5 million and is headquartered in Ramallah, Palestine. It provides various insurance products and services in Palestine. The company offers general insurance products, including civil liability, professional liability, personal accident, work accident, bankers blanket, cash in safe/in transit, workmen’s compensation, employer’s liability, fidelity guarantee, plate glass, and comprehensive home insurance products, as well as insurance against fire and theft. It also provides medical insurance comprising in-patient and out–patient insurance; motor insurance; engineering insurance, including contractors all risks, machinery breakdown, boiler explosion, and secure computer agenda insurance; and marine insurance, such as cargo insurance primarily to freight forwarders, shippers, and customers.

 
Year Total revenues Total expenses Net income (Loss) Dividends Capital Subscribed Capital Market Cap
2010 11,948,223 9,442,143 1,697,785 - 5,000,000 5,000,000 7,750,000
2011 11,728,906 9,096,162 474,666 - 5,000,000 5,000,000 7,500,000
2012 7,765,261 6,140,359 1,093,489 - 5,000,000 5,000,000 7,000,000
2013 7,322,525 4,096,058 36,381 - 5,000,000 5,000,000 5,750,000
2014 8,210,666 6,134,169 2,504,279 - 5,000,000 5,000,000 5,950,000
2015 9,468,509 8,274,367 71,174 - 5,000,000 5,000,000 8,150,000
2016 13,082,441 6,382,919 5,407,457 40% Cash 5,000,000 5,000,000 10,000,000
 
  • Ahliea Insurance Group (AIG)
  • AL-Takaful Palestinian Insurance Company (TIC)
  • Global United Insurance Company (GUI)
  • National Insurance Company (NIC)
  • Trust International Insurance Co. (TRUST)
 
 
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