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Al Mashreq Insurance Company Plc (Palestine)

Main Activities: Direct Life Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Al Mashreq Insurance Company Plc Profile Updated: June 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Al Mashreq Insurance Company Plc, located in Ramallah and Al-Bireh, is a trading name that has been providing individual and business insurance services since 1993. The company has gained recognition among the Palestinian public for its diverse insurance services and solutions. Al Mashreq Insurance has established strategic partnerships with clients and suppliers, and has created career opportunities for thousands of employees. In the year 2000, the company formed strategic partnerships with Jordan French Insurance Company (JOFICO) and prominent businesspeople, leading to further developments in its organizational structure and operational strategies. With agents and branches spread across Palestinian governorates, Al Mashreq Insurance has become known for its client-oriented services.

Headquarters
Al Mashriq Building, El-Nahda Area - Edrisy St, El-Masion, P.O Box 1600
Ramallah and Al-Bireh; Gaza;

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Website: http://www.mashreqins.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1992
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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23.02%
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13.46%
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10.88%
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8.93%
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7.69%
Subsidiaries
Jordan French Insurance Company P.L.C (Jordan)
10.022%
Jordanian For Management And Consultancy Public Shareholding Company (Jordan)
4.257%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-5.5%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
-38.16%
Total assets
-6.09%
Investments
12.86%
Receivables
-35.26%
Total equity
3.27%
Net Premiums Earned Trend
N/A
Net Profit Trend
26.91%
Return on Equity (ROE)
-1.28%
Loss Ratio
7.92%
Underwriting Expenses Ratio
-0.27%

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