Menu

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.00 2.73 1.65
Value Traded (JD) 0 296,467 603,904
No. of Shares Traded 0 151,212 360,317
No. of Transactions 0 132 339
No. of Subscribed Shares 30,000,000 30,000,000 30,000,000
Market Capitalization (JD) 0 81,900,000 49,500,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 17,679,286 15,617,578 3,888,627
Financial Assets at Fair Value Through Profit 2,327,354 3,552,267 4,019,249
Financial Assets at Fair Value Through Other Comprehensive Income 19,321,922 18,590,435 19,449,194
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 16,358,790 19,161,688 19,156,441
Lending 45,539 20,289 26,139
Other Investments 0 0 0
Total Investments 55,732,891 56,942,257 46,539,650
Cash on hand and at banks 5,953,442 5,604,926 12,224,831
Deferred asset tax 1,520,642 1,392,462 1,137,157
Property & equipments 1,056,928 1,113,915 1,197,650
Intangible assets 209,223 56,734 64,125
Other Assets 2,080,622 1,963,952 2,047,851
Total Assets 89,468,811 92,322,860 91,449,323

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 13,037,425 14,170,808 15,775,843
Net Outstanding Claims Provision 13,699,919 14,143,459 14,580,844
Net Mathematical Provision 1,578,789 1,562,597 2,076,639
Other Technical Provisions 187,201 84,500 180,000
Total insurance contracts liabilities 28,503,334 29,961,364 32,613,326
Banks Credits 11,906,952 14,960,693 9,919,468
Accounts Payable 3,569,693 3,004,446 4,215,276
Accrued expenses 0 0 0
Different provisions 1,223,558 962,486 865,827
Income tax provision 103,822 10 186,868
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 933,407 975,010 954,488
Total Liabilities 53,428,069 58,646,218 55,697,981

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 30,000,000 30,000,000 30,000,000
Paid in capital 30,000,000 30,000,000 30,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 7,500,000 7,500,000 7,500,000
Voluntary Reserve 0 0 0
Special reserve 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -4,197,641 -5,151,430 -4,292,662
Retained Earnings 2,738,383 1,328,072 2,544,004
Total Shareholders Equity 36,040,742 33,676,642 35,751,342
Non-controlling interest 0 0 0
Total equity 36,040,742 33,676,642 35,751,342
Total Liabilities & Shareholders Equity 89,468,811 92,322,860 91,449,323

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 68,684,904 72,900,398 79,114,156
Reinsurance share 32,637,048 34,339,317 38,355,110
Net written premiums 36,047,856 38,561,081 40,759,046
Net Change of unearned premiums provision 1,133,383 1,605,035 207,679
Net change of mathematical provision -118,893 609,542 212,431
Net earned of written premiums 37,062,346 40,775,658 41,179,156
Commission received 2,744,383 2,246,304 2,240,764
Issuing fees 1,465,105 1,568,860 1,717,847
Investments income attributable to underwriting 0 0 0
Interest revenue 445,450 319,819 81,001
Gains (losses) from Financial assets and investments 1,320,424 300,624 1,147,641
Other revenues 294,406 305,009 155,232
Total revenues 43,332,114 45,516,274 46,521,641
Claims, Losses and Expenses
Claims paid 48,747,717 58,976,581 61,499,883
Maturity and Surrender of polices 46,059 229,886 87,917
Subrogation 4,830,586 5,237,623 4,982,050
Reinsurance share 18,011,899 24,226,752 24,702,856
Net claims paid 25,951,291 29,742,092 31,902,894
Net change of outstanding claims provision -443,535 -437,385 -313,170
Allocated employees expenses 4,732,276 4,497,233 4,423,910
Allocated administrative and general expenses 2,156,342 2,374,498 2,300,894
Excess of loss premium 577,735 636,238 583,440
Commission paid 3,627,299 3,309,092 3,496,819
Net claims cost 38,452,148 41,999,415 44,276,184
Unallocated employees expenses 838,695 798,717 814,971
Depreciation and amortization 243,957 257,114 294,809
Unallocated administrative and general expenses 379,470 427,975 417,625
Impairment of receivables and notes receivable 81,625 401,850 838,828
Impairment of financial assets held to maturity 0 0 0
Impairment of real estate investments 0 0 0
Impairment of property and equipment 0 0 0
Other expenses 1,693,487 1,571,524 383,517
Total expenses 41,689,382 45,456,595 47,025,934
Income before tax and fees 1,642,732 59,679 -504,293
Income tax 116,820 -56,025 -4,570
Board of Directors Remuniration 55,000 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 1,470,912 115,704 -499,723
Non controlling interest 0 0 0
Income pertaining to company's stockholders 1,470,912 115,704 -499,723

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 18,709,972 13,752,743 9,207,006
Net Cash Flow from (Used in) Operating Activities 2,583,949 263,430 -3,352,034
Net Cash Flow from (Used in) Investing Activities 2,864,635 -347,426 -221,697
Net Cash Flow from (Used in) Financing Activities -3,053,741 5,041,225 8,119,468
Cash Balance (Ending) 21,104,815 18,709,972 13,752,743

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.000 0.500 1.200
Earning Per Share (JD) 0.050 0.000 -0.020
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.200 1.120 1.190
Price Earnings Ratio (Times) 0.000 707.840 -99.050
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.000 2.430 1.380
Return On Assets % 1.640 0.130 -0.550
Return On Equity % 4.080 0.340 -1.400
Loss Ratio 0.690 0.720 0.770
Operating Profit Margin 0.050 0.040 0.020
Retention Ratio 0.520 0.530 0.520
Net Realized Premiums to Shareholders Equity % 100.020 114.500 114.010
Net Technical Reserves to Net Realized Premiums % 79.070 77.700 80.010
Debt Ratio % 59.720 63.520 60.910
Equity Ratio % 40.280 36.480 39.090
Total Assets Turnover(Times) 0.410 0.440 0.450
Fixed Assets Turnover (Times) 35.070 36.610 34.380