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TIC posts net income of $2.03 million in 2021

2022-02-15

According to the financial statements of Al-Takaful Palestinian Insurance Company for the year 2021, Net profit after tax of the period reached 2,027,212 USD Compared with Net profit after tax 2,218,526 USD for 2020, a net decrease in profit of 8.62%.Total assets of the company reached 89,442,308 USD compared with total assets of 80,722,784 USD at the end of year 2020, a net increase of 10.80%.Total liabilities of the company reached 66,999,922 USD compared with total liabilities of 59,837,636 USD at the end of year 2020, a net increase of 11.96%. Net ownership equity of the company reached 22,442,386 USD compared with total owner equity of 20,885,148 USD at the end of year 2020, a net increase of 7.46%.