Palestine Insurance Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported gross premiums written were USD 3,883,785 against USD 3,034,815 a year ago. Earned insurance revenues were USD 3,722,764 against USD 2,913,539 a year ago. Net Premiums retained was USD 3,415,095 against USD 2,435,550 a year ago. Net premium revenue was USD 4,458,965 against USD 3,474,186 a year ago. Net claims paid were USD 3,276,732 against USD 2,783,391 a year ago. Net claims incurred were USD 2,630,640 against USD 1,047,036 a year ago. Net income before tax was USD 316,613 against USD 1,003,372 a year ago. Net income after tax was USD 316,613 against USD 1,003,372 a year ago. Basic and diluted earnings per share were USD 5.200 against USD 0.200 a year ago. Net cash used in operating activities was USD 19,216 against net cash flow from operating activities of USD 3,049,625 a year ago. Purchase of property, plant and equipment was USD 43,820 against USD 239,172 a year ago.