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PICO posts net income of $2.45 million in 2024

2025-02-18

According to the financial statements of Palestine Insurance Company PICO for the year 2024, Net profit after tax of the period reached 2,454,249 USD Compared with Net profit after tax 392,081 USD for 2023, a net increase in profit of 525.95%.Total assets of the company reached 58,902,917 USD compared with total assets of 47,021,180 USD at the end of year 2023, a net increase of 25.27%.Total liabilities of the company reached 44,079,026 USD compared with total liabilities of 34,564,536 USD at the end of year 2023, a net increase of 27.52%. Net ownership equity of the company reached 14,823,891 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 12,456,644 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2023, a net increase of 19.00%.