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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.05 1.18 1.18
Value Traded (JD) 24,569 0 41,138
No. of Shares Traded 22,674 0 34,888
No. of Transactions 6 0 30
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 8,400,000 9,440,000 9,440,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 11,106,635 10,380,551 9,652,275
Financial Assets at Fair Value Through Profit 440,364 324,373 0
Financial Assets at Fair Value Through Other Comprehensive Income 281,869 601,348 773,297
Financial Assets at Amortized Cost 3,366,187 3,554,712 3,556,152
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 2,623,803 2,623,803 2,623,803
Lending 0 0 0
Other Investments 0 0 0
Total Investments 17,818,858 17,484,787 16,605,527
Cash on hand and at banks 402,319 897,510 578,231
Deferred asset tax 391,421 433,120 351,433
Property & equipments 2,852,538 2,955,937 3,060,579
Intangible assets 313,902 10,620 10,454
Other Assets 720,468 778,020 355,220
Total Assets 28,589,410 26,175,530 24,261,525

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 5,420,177 4,866,387 4,159,823
Net Outstanding Claims Provision 6,241,713 6,329,666 6,638,811
Net Mathematical Provision 748,513 217,034 92,475
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,410,403 11,413,087 10,891,109
Banks Credits 0 0 0
Accounts Payable 1,927,204 1,143,137 1,130,049
Accrued expenses 0 0 0
Different provisions 0 305,628 312,160
Income tax provision 0 0 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 2,218,067 2,081,698 1,485,000
Total Liabilities 18,553,508 16,448,903 14,775,141

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 8,000,000 8,000,000 8,000,000
Paid in capital 8,000,000 8,000,000 8,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 1,616,900 1,586,624 1,569,090
Voluntary Reserve 15,948 15,948 15,948
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 -102,034 -168,372 -327,433
Retained Earnings 505,088 292,427 228,779
Total Shareholders Equity 10,035,902 9,726,627 9,486,384
Non-controlling interest 0 0 0
Total equity 10,035,902 9,726,627 9,486,384
Total Liabilities & Shareholders Equity 28,589,410 26,175,530 24,261,525

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 18,314,967 15,106,924 12,878,066
Reinsurance share 5,967,200 4,812,904 4,156,740
Net written premiums 12,347,767 10,294,020 8,721,326
Net Change of unearned premiums provision -553,790 -706,564 463,775
Net change of mathematical provision -531,479 -124,559 4,664
Net earned of written premiums 11,262,498 9,462,897 9,189,765
Commission received 1,186,452 888,193 959,943
Issuing fees 484,041 318,296 288,789
Investments income attributable to underwriting 0 0 0
Interest revenue 864,468 778,408 641,308
Gains (losses) from Financial assets and investments 0 0 0
Other revenues 148,303 97,658 141,783
Total revenues 13,945,762 11,545,452 11,221,588
Claims, Losses and Expenses
Claims paid 13,170,275 12,199,320 11,729,005
Maturity and Surrender of polices 0 0 0
Subrogation 2,125,849 2,125,304 1,827,861
Reinsurance share 1,749,830 1,927,587 1,874,462
Net claims paid 9,294,596 8,146,429 8,026,682
Net change of outstanding claims provision -87,953 -309,145 371,892
Allocated employees expenses 1,066,247 1,059,009 1,060,885
Allocated administrative and general expenses 537,725 442,873 439,103
Excess of loss premium 190,311 187,147 232,912
Commission paid 1,106,855 628,189 464,727
Net claims cost 12,623,164 10,493,967 10,867,861
Unallocated employees expenses 266,562 264,752 265,221
Depreciation and amortization 163,346 127,742 130,503
Unallocated administrative and general expenses 505,629 405,998 251,797
Impairment of receivables and notes receivable 15,507 2,489 0
Impairment of financial assets held to maturity 36,050 36,817 0
Impairment of real estate investments 0 0 0
Impairment of property and equipment 0 0 0
Other expenses 7,904 15,815 23,717
Total expenses 13,618,162 11,347,580 11,539,099
Income before tax and fees 327,600 197,872 -317,511
Income tax 41,699 -38,549 -17,820
Board of Directors Remuniration 24,837 22,531 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 261,064 213,890 -299,691
Non controlling interest 0 0 0
Income pertaining to company's stockholders 261,064 213,890 -299,691

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 5,935,961 5,346,449 11,112,271
Net Cash Flow from (Used in) Operating Activities -515,793 34,658 -18,214
Net Cash Flow from (Used in) Investing Activities -4,920,147 554,854 -5,107,860
Net Cash Flow from (Used in) Financing Activities 0 0 -639,748
Cash Balance (Ending) 500,021 5,935,961 5,346,449

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.280 0.000 0.440
Earning Per Share (JD) 0.030 0.030 -0.040
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.250 1.220 1.190
Price Earnings Ratio (Times) 32.180 44.130 -31.500
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) 0.840 0.970 1.000
Return On Assets % 0.910 0.820 -1.240
Return On Equity % 2.600 2.200 -3.160
Loss Ratio 0.820 0.830 0.910
Operating Profit Margin 0.000 0.000 -0.030
Retention Ratio 0.670 0.680 0.680
Net Realized Premiums to Shareholders Equity % 123.040 105.830 91.940
Net Technical Reserves to Net Realized Premiums % 100.510 110.870 124.880
Debt Ratio % 64.900 62.840 60.900
Equity Ratio % 35.100 37.160 39.100
Total Assets Turnover(Times) 0.390 0.360 0.380
Fixed Assets Turnover (Times) 3.950 3.200 3.000