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Palestine Insurance Company realizes loss of $0.25 million in Q1 2013

2013-05-01

According to Palestine Insurance Company ( PICO)’s data for the first three months of the year, net loss reached (252,676) USD, compared with a net loss of (492,969) USD from the first three months of 2012, a net decrease in loss of 48.7%. Total assets of the company reached 30,806,293 USD as of March 31^st, 2013, compared to total assets of 31,553,233 USD as of December 31^st, 2012, a net decrease of 2.4%. Total liabilities of the company reached 26,884,071 USD as of March 31^st, 2013, compared to total liabilities of 27,460,891 USD as of December 31^st, 2012, a net decrease of 2.1%. Net ownership equity of the company reached 3,922,222 USD as of March 31^st, 2013, compared with net ownership equity of 4,092,342 USD as of December 31^st, 2012, a net decrease of 4.2% in the first three months.