Company National Insurance Company (Palestine)

NIC

PS3002112921

Property & Casualty Insurance

End-of-day quote Palestine Exchange Other stock markets 23/06/2025			5-day change	1st Jan Change
2.630 ^USD	+0.77%		+1.15%	-12.33%

05-13	National Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2025	CI
02-15	National Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2024	CI

Business description: National Insurance Company (Palestine)

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).

Number of employees: 222

Sales by Activity: National Insurance Company (Palestine)

Fiscal Period: December	2020	2021	2022	2023	2024
Motor Insurance	29.98M	32.7M	32.24M	31.25M	29.61M
Mandatory Insurance	765K	892K	1.03M	3.56M	3.18M
Engineering Insurance	896K	1.01M	1.1M	1.89M	1.79M
Investment Segment	2.08M	3.35M	2.28M	-283K	306K
Health	7.66M	8.23M	6.53M	6.63M	7.17M
Fire	1.46M	1.55M	1.56M	5.13M	4.72M
Workersâ€™ Insurance	4.1M	4.5M	4.84M	4.94M	4.2M
Civil Liability	800K	875K	875K	1.13M	994K
Marine	201K	207K	230K	321K	370K
Real Estate Investments	276K	1.64M	2.57M	1.53M	1.49M
Life Insurance	6.76K	9.66K	-2.11K	19.29K	36.58K
Others	-	-	-	-52.72K	-

See all business segments

Geographical breakdown of sales: National Insurance Company (Palestine)

Fiscal Period: December	2020	2021	2022	2023	2024
Palestinian Authority	48.1M	54.75M	52.93M	56.07M	51.19M

See all geographic segments

Executive Committee: National Insurance Company (Palestine)

Manager	Title	Age	Since
Ahmad Fuad Ahmad Mushasha CEO	Chief Executive Officer	53	31/12/2004
Alaa Ali Safi DFI	Director of Finance/CFO	40	-
Bashar Tawfiq Ismael Hussein SAM	Sales & Marketing	48	-

See NATIONAL INSURANCE COMPANY (PALESTINE) governance

Composition of the Board of Directors: National Insurance Company (Palestine)

Director	Title	Age	Since
Aziz Abdul Jawad CHM	Chairman	80	08/04/2020
Samer Aziz Boulos Shihadeh BRD	Director/Board Member	66	31/12/1991
Zahi Basil Awad BRD	Director/Board Member	82	-
Bashar Tawfiq Ismael Hussein BRD	Director/Board Member	48	-
Riham Tawfiq Ismael Hussein BRD	Director/Board Member	47	-
Dina Al-Masri BRD	Director/Board Member	61	-
Sameh Jamal Omer Al-Masri BRD	Director/Board Member	65	-
Tareq Shakaa BRD	Director/Board Member	61	08/04/2020
Fadel Mostafa Fadel Hamad BRD	Director/Board Member	41	-

Composition of the Board of Directors

Company details: National Insurance Company (Palestine)

National Insurance Co. (Palestine)

Al-Wataniah Towers Al Bireh

6100154, Ramallah

+970 2 2983800

http://www.nic-pal.com

address National Insurance Company (Palestine)(NIC)

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NATIONAL INSURANCE COMPANY (PALESTINE)	+0.77%	+1.15%	-15.16%	-36.19%	48.28M
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Average	+1.21%	-0.13%	+16.43%	+91.55%	40.91B
Weighted average by Cap.	+1.22%	-0.30%	+19.83%	+104.54%