National Insurance Profits Rise by 202% in the First Half of 2025

SadaNews - Financial data disclosed on the Palestine Stock Exchange shows that the National Insurance Company achieved a growth and increase in its net profits by 202% during the first half of 2025, compared to the same period last year.

By the end of June 2025, net profits reached approximately $1.44 million, compared to $475,000 for the same period in 2024, marking a growth rate of 202%.

The revenues from insurance contracts for the National Insurance Company during the first six months of 2025 amounted to about $24 million, reflecting stability in the company's insurance business despite regional economic challenges.

As for the financial position, total assets at the end of the first half of the year reached approximately $111 million, while the total equity amounted to $43 million. The company maintains the highest capital in the Palestinian insurance market, equivalent to $18.5 million.

The National Insurance Company was established in 1992, and its paid-up capital currently stands at $18.5 million. The company operates a wide operational network comprising 25 branches and offices, along with several agents and producers spread across various governorates and regions, which enhances its market presence and optimally serves its client base.

In the same context, the Palestinian Capital Market Authority confirmed the strength of the National Insurance Company's financial position by granting it an "A / Very Strong" rating in the latest solvency certificate issued by the General Insurance Administration, based on the company's financial data until the end of 2024, where the company's solvency ratio reached 208%. This significantly exceeds the minimum required by Insurance Law No. 20 of 2005 and reflects the company's high ability to meet its insurance obligations to its clients benefiting from the company's services, in addition to fulfilling its commitments to its suppliers, employees, and community members.

It is noteworthy that the National Insurance Company is one of the prominent insurance companies operating in Palestine, offering a comprehensive range of insurance services to individuals and institutions. It excels in providing unique coverage, including insurance against settlement attacks and military actions, and is one of the first Palestinian insurance companies to maintain a leading position in the insurance sector in Palestine for over 32 years. Moreover, the company operates under strategic growth drivers through its network of branches, offices, and agents distributed throughout Palestine, in addition to enhancing its leadership role in community development through the company's corporate social responsibility strategy.