Palestine Insurance Company announced unaudited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported gross premiums written were USD 13,056,142 against USD 11,180,634 a year ago. Earned insurance revenues were USD 12,753,543 against USD 10,840,472 a year ago. Net Premiums retained was USD 11,476,519 against USD 9,167,572 a year ago. Net premium revenue was USD 15,150,573 against USD 12,825,876 a year ago. Net claims paid were USD 10,245,878 against USD 8,650,307 a year ago. Net claims incurred were USD 4,487,427 against USD 6,382,919 a year ago. Net income before tax was USD 5,856,927 against USD 5,490,820 a year ago. Net income after tax was USD 4,797,569 against USD 5,407,457 a year ago. Basic and diluted earnings per share were USD 0.880 against USD 1.081 a year ago. Net cash flow from operating activities was USD 800,800 against USD 1,153,506 a year ago. Purchase of property, plant and equipment was USD 773,924 against USD 2,664,145 a year ago.