Stock NIC NATIONAL INSURANCE COMPANY (PALESTINE)
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Company National Insurance Company (Palestine)

Equities

NIC

PS3002112921

Property & Casualty Insurance

End-of-day quote Palestine Exchange
Other stock markets
 23:00:00 28/04/2024 BST 		5-day change 1st Jan Change
2.92 USD +0.69% Intraday chart for National Insurance Company (Palestine) +2.10% -5.10%
03-17 National Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2023 CI
2023 National Insurance Company Reports Earnings Results for the Nine Months Ended September 30, 2023 CI

Business Summary

National Insurance Co Ltd (NIC) is a Palestine-based public shareholding company engaged in the provision of insurance and reinsurance business. The Company offers its services through six divisions, namely Motor Insurance, which offers compulsory insurance of vehicles, material damage and vehicle body; Property Insurance offers fire and allied perils, comprehensive home insurance, glass insurance, money insurance, loss of profit insurance and property all risk; Marine Insurance offers insurance of maritime transport and inland transport; Engineering Insurance offers contractors all risk, machinery breakdown, all installation risks insurance and electronic equipment insurance; Specialized insurance offers civil liability, product safety, professional liability, work accident insurance and directors liability insurance, among others, and Personal Insurance offers personal accident insurance, life insurance and travel insurance coupon (safe travel).

Sales per Business

USD in Million2022Weight2023Weight Delta
Vehicle Insurance
57.5 %
31 66.4 % 31 57.5 % +1.04%
Health Insurance
12.2 %
6 13.9 % 7 12.2 % +2.55%
Employee Insurance
9.1 %
5 9.9 % 5 9.1 % +6.91%
Fire Insurance
8.3 %
1 3.1 % 4 8.3 % +213.57%
General Insurance
6.3 %
- - 3 6.3 % -
Engineering Insurance
3.4 %
1 2.2 % 2 3.4 % +77.41%
Civil Responsibility
2.1 %
1 1.8 % 1 2.1 % +35.37%
Investment Property
0.9 %
0 0.0 % 0 0.9 % -
Marine Insurance
0.6 %
0 0.5 % 0 0.6 % +43.20%
Investment
-0.3 %
0 0.0 % 0 -0.3 % -
Life Insurance
0.0 %
0 0.0 % 0 0.0 % -1,016.11%

Sales per region

USD in Million2022Weight2023Weight Delta
Palestine
100.0 %
46 100.0 % 54 100.0 % +16.73%

Managers

Managers TitleAgeSince
Ahmad Fuad Ahmad Mushasha CEO
 Chief Executive Officer 52 31/12/04
Aziz Abdul Jawad FOU
 Founder 79 31/12/91
Alaa Ali Safi DFI
 Director of Finance/CFO 39 -
Bashar Tawfiq Ismael Hussein BRD
 Director/Board Member 47 -

Members of the board

Members of the board TitleAgeSince
Tareq Shakaa BRD
 Director/Board Member 60 08/04/20
Aziz Abdul Jawad FOU
 Founder 79 31/12/91
Samer Aziz Boulos Shihadeh FOU
 Founder 65 31/12/91
Zahi Basil Awad BRD
 Director/Board Member 81 -
Bashar Tawfiq Ismael Hussein BRD
 Director/Board Member 47 -
Dina Al-Masri BRD
 Director/Board Member 60 -
Riham Tawfiq Ismael Hussein BRD
 Director/Board Member 46 -
Sameh Jamal Omer Al-Masri BRD
 Director/Board Member 64 -
Fadel Mostafa Fadel Hamad BRD
 Director/Board Member 40 -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 18,500,000 9,540,597 ( 51.57 %) 0 51.57 %

Shareholders

NameEquities%Valuation
Global Investment House KPSC (Investment Management)
6.906 %
1,191,329 6.906 % 4 M $

Company contact information

National Insurance Co. (Palestine)

Al-Wataniah Towers Al Bireh

, Ramallah

+970 2 2983800

http://www.nic-pal.com
address National Insurance Company (Palestine)(NIC)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
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Sales per Business

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