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PICO posts net income of $2.57 million in 2021

2022-02-15

According to the financial statements of Palestine Insurance Company PICO for the year 2021, Net profit after tax of the period reached 2,568,061 USD Compared with Net profit after tax 1,189,750 USD for 2020, a net increase in profit of 115.85%.Total assets of the company reached 83,366,147 USD compared with total assets of 64,354,911 USD at the end of year 2020, a net increase of 29.54%.Total liabilities of the company reached 67,847,803 USD compared with total liabilities of 51,913,717 USD at the end of year 2020, a net increase of 30.69%. Net ownership equity of the company reached 15,518,344 USD compared with total owner equity of 12,441,194 USD at the end of year 2020, a net increase of 24.73%.Noting that paid-in capital increased from 7,200,000 USD in year 2020 to 9,000,000 USD of this year,a net increase of 25.00%.