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NIC posts net income of $3.00 million in 2024

2025-02-18

According to the financial statements of the National Insurance Company NIC for the year 2024, Net profit after tax of the period reached 3,003,087 USD Compared with Net Loss after tax (590,820) USD for 2023.Total assets of the company reached 114,980,558 USD compared with total assets of 110,594,851 USD at the end of year 2023, a net increase of 3.97%.Total liabilities of the company reached 72,400,383 USD compared with total liabilities of 66,956,613 USD at the end of year 2023, a net increase of 8.13%. Net ownership equity of the company reached 42,580,175 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 43,638,238 USD (Including Non-Controlling Interests of 1,663,462 USD) at the end of year 2023, a net decrease of 2.42%.Noting that paid-in capital increased from 17,250,000 USD in year 2023 to 18,500,000 USD of this year,a net increase of 7.25%