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Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.79 2.73 2.73
Value Traded (JD) 1,285,638 0 296,467
No. of Shares Traded 653,877 0 151,212
No. of Transactions 19 0 132
No. of Subscribed Shares 30,000,000 30,000,000 30,000,000
Market Capitalization (JD) 53,700,000 81,900,000 81,900,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 18,151,137 17,679,286 15,617,578
Financial Assets at Fair Value Through Profit 2,251,681 2,327,354 3,552,267
Financial Assets at Fair Value Through Other Comprehensive Income 16,896,521 19,321,922 18,590,435
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 16,398,445 16,358,790 19,161,688
Lending 44,539 45,539 20,289
Other Investments 0 0 0
Total Investments 53,742,323 55,732,891 56,942,257
Cash on hand and at banks 7,869,376 5,953,442 5,604,926
Deferred asset tax 3,167,997 1,520,642 1,392,462
Property & equipments 1,029,524 1,056,928 1,113,915
Intangible assets 237,112 209,223 56,734
Other Assets 2,233,204 2,080,622 1,963,952
Total Assets 89,706,460 89,468,811 92,322,860

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 11,438,068 13,037,425 14,170,808
Net Outstanding Claims Provision 14,817,111 13,699,919 14,143,459
Net Mathematical Provision 1,472,226 1,578,789 1,562,597
Other Technical Provisions 113,540 187,201 84,500
Total insurance contracts liabilities 27,840,945 28,503,334 29,961,364
Banks Credits 11,029,220 11,906,952 14,960,693
Accounts Payable 2,540,997 3,569,693 3,004,446
Accrued expenses 0 0 0
Different provisions 1,199,366 1,223,558 962,486
Income tax provision 255,662 103,822 10
Loans 0 0 0
Differed tax liabilities 275,659 0 0
Loans support 0 0 0
Other liabilities 842,319 933,407 975,010
Total Liabilities 49,702,878 53,428,069 58,646,218

Shareholders Equity (JD)

2020 2019 2018
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 -2,736,253 -4,197,641 -5,151,430
Retained Earnings 5,239,835 2,738,383 1,328,072
Total Shareholders Equity 40,003,582 36,040,742 33,676,642
Non-controlling interest 0 0 0
Total equity 40,003,582 36,040,742 33,676,642
Total Liabilities & Shareholders Equity 89,706,460 89,468,811 92,322,860

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 65,035,472 68,684,904 72,900,398
Reinsurance share 33,030,962 32,637,048 34,339,317
Net written premiums 32,004,510 36,047,856 38,561,081
Net Change of unearned premiums provision 1,599,357 1,133,383 1,605,035
Net change of mathematical provision 180,224 -118,893 609,542
Net earned of written premiums 33,784,091 37,062,346 40,775,658
Commission received 2,183,908 2,744,383 2,246,304
Issuing fees 1,386,138 1,465,105 1,568,860
Investments income attributable to underwriting 0 0 0
Interest revenue 270,994 445,450 319,819
Gains (losses) from Financial assets and investments 603,112 1,320,424 300,624
Other revenues 818,987 294,406 305,009
Total revenues 39,047,230 43,332,114 45,516,274
Claims, Losses and Expenses
Claims paid 42,774,542 48,747,717 58,976,581
Maturity and Surrender of polices 141,906 46,059 229,886
Subrogation 3,146,002 4,830,586 5,237,623
Reinsurance share 19,184,591 18,011,899 24,226,752
Net claims paid 20,585,855 25,951,291 29,742,092
Net change of outstanding claims provision 1,117,192 -443,535 -437,385
Allocated employees expenses 4,502,124 4,732,276 4,497,233
Allocated administrative and general expenses 2,067,116 2,156,342 2,374,498
Excess of loss premium 563,333 577,735 636,238
Commission paid 3,192,203 3,627,299 3,309,092
Net claims cost 33,644,229 38,452,148 41,999,415
Unallocated employees expenses 795,605 838,695 798,717
Depreciation and amortization 248,236 243,957 257,114
Unallocated administrative and general expenses 379,341 379,470 427,975
Impairment of receivables and notes receivable -93,000 81,625 401,850
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 978,863 1,693,487 1,571,524
Total expenses 35,953,274 41,689,382 45,456,595
Income before tax and fees 3,093,956 1,642,732 59,679
Income tax 27,260 116,820 -56,025
Board of Directors Remuniration 55,000 55,000 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 3,011,696 1,470,912 115,704
Non controlling interest 0 0 0
Income pertaining to company's stockholders 3,011,696 1,470,912 115,704

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 21,104,815 18,709,972 13,752,743
Net Cash Flow from (Used in) Operating Activities 1,070,365 2,583,949 263,430
Net Cash Flow from (Used in) Investing Activities 2,289,442 2,864,635 -347,426
Net Cash Flow from (Used in) Financing Activities -877,732 -3,053,741 5,041,225
Cash Balance (Ending) 23,586,890 21,104,815 18,709,972

Financial Ratios

2020 2019 2018
Turnover Ratio % 2.180 0.000 0.500
Earning Per Share (JD) 0.100 0.050 0.000
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.330 1.200 1.120
Price Earnings Ratio (Times) 17.830 55.680 707.840
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) 1.340 2.270 2.430
Return On Assets % 3.360 1.640 0.130
Return On Equity % 7.530 4.080 0.340
Loss Ratio 2.220 0.690 0.720
Operating Profit Margin 0.070 0.050 0.040
Retention Ratio 0.490 0.520 0.530
Net Realized Premiums to Shareholders Equity % 80.000 100.020 114.500
Net Technical Reserves to Net Realized Premiums % 86.990 79.070 77.700
Debt Ratio % 55.410 59.720 63.520
Equity Ratio % 44.590 40.280 36.480
Total Assets Turnover(Times) 0.380 0.410 0.440
Fixed Assets Turnover (Times) 32.820 35.070 36.610