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PICO posts net income of $0.40 million in H1 2025

2025-08-14

According to the financial statements of Palestine Insurance Company PICO for the first half of 2025, Net profit after tax of the period reached 399,168 USD Compared with Net profit after tax 1,040,879 USD for 2024, a net decrease in profit of 61.65%.Total assets of the company reached 62,078,192 USD compared with total assets of 58,005,751 USD at the end of year 2024, a net increase of 7.02%.Total liabilities of the company reached 46,042,044 USD compared with total liabilities of 43,181,860 USD at the end of year 2024, a net increase of 6.62%. Net ownership equity of the company reached 16,036,148 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 14,823,891 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2024, a net increase of 8.18%.Noting that paid-in capital increased from 9,000,000 USD in year 2024 to 11,000,000 USD of this year,a net increase of 22.22%