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TIC posts net income of $2.22 million in 2020

2021-02-16

According to the financial statements of Al-Takaful Palestinian Insurance Company TIC for the year 2020, Net profit after tax of the period reached 2,218,526 USD Compared with Net profit after tax 2,101,613 USD for 2019, a net increase in profit of 5.56%.Total assets of the company reached 80,722,784 USD compared with total assets of 70,862,330 USD at the end of year 2019, a net increase of 13.91%.Total liabilities of the company reached 59,837,636 USD compared with total liabilities of 52,514,209 USD at the end of year 2019, a net increase of 13.94%. Net ownership equity of the company reached 20,885,148 USD compared with total owner equity of 18,348,121 USD at the end of year 2019, a net increase of 13.83%.