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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.14 1.12 0.97
Value Traded (JD) 104,929 69,102 208,911
No. of Shares Traded 105,312 75,341 176,661
No. of Transactions 204 96 233
No. of Subscribed Shares 21,438,252 21,438,252 0
Market Capitalization (JD) 24,439,607 24,010,842 0
Fiscal Year Ended 31/12/2019 31/12/2018

Assets (JD)

2019 2018 2017
Deposits at banks 57,022,424 47,070,424 0
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 3,327,200 5,051,191 0
Financial Assets at Amortized Cost 2,462,111 2,471,328 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 170,464 0 0
Lending 0 0 0
Other Investments 0 0 0
Total Investments 62,982,199 54,592,943 0
Cash on hand and at banks 1,271,256 2,494,466 0
Deferred asset tax 3,647,084 5,722,030 0
Property & equipments 4,687,709 4,808,393 0
Intangible assets 548,855 645,220 0
Other Assets 2,532,984 1,427,919 0
Total Assets 109,037,871 100,146,509 0

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 17,512,746 14,838,093 0
Net Outstanding Claims Provision 21,067,253 18,777,823 0
Net Mathematical Provision 0 0 0
Other Technical Provisions 884,000 884,000 0
Total insurance contracts liabilities 39,463,999 34,499,916 0
Banks Credits 0 0 0
Accounts Payable 6,079,023 6,186,513 0
Accrued expenses 726,091 635,184 0
Different provisions 1,393,128 1,084,242 0
Income tax provision 0 0 0
Loans 0 0 0
Differed tax liabilities 0 55,451 0
Loans support 9,000,000 11,600,000 0
Other liabilities 640,347 227,718 0
Total Liabilities 81,227,171 76,542,317 0

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 21,438,252 21,438,252 0
Paid in capital 21,438,252 21,438,252 0
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 5,825,651 5,107,646 0
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 -2,590,746 -2,399,231 0
Retained Earnings 3,137,543 -542,475 0
Total Shareholders Equity 27,810,700 23,604,192 0
Non-controlling interest 0 0 0
Total equity 27,810,700 23,604,192 0
Total Liabilities & Shareholders Equity 109,037,871 100,146,509 0

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 85,695,019 85,232,935 0
Reinsurance share 45,112,707 46,428,263 0
Net written premiums 40,582,312 38,804,672 0
Net Change of unearned premiums provision -2,674,653 797,809 0
Net change of mathematical provision 0 0 0
Net earned of written premiums 37,907,659 39,602,481 0
Commission received 7,591,325 6,700,220 0
Issuing fees 3,726,084 4,085,547 0
Investments income attributable to underwriting 0 0 0
Interest revenue 2,981,952 2,406,727 0
Gains (losses) from Financial assets and investments 135,333 302,503 0
Other revenues 0 0 0
Total revenues 52,342,353 53,097,478 0
Claims, Losses and Expenses
Claims paid 58,655,880 69,155,671 0
Maturity and Surrender of polices 0 0 0
Subrogation 3,919,255 4,060,011 0
Reinsurance share 27,596,497 31,788,283 0
Net claims paid 27,140,128 33,307,377 0
Net change of outstanding claims provision 2,289,430 -1,629,960 0
Allocated employees expenses 6,444,558 6,327,084 0
Allocated administrative and general expenses 2,959,678 2,947,688 0
Excess of loss premium 603,929 799,809 0
Commission paid 2,002,409 2,207,198 0
Net claims cost 41,630,503 44,208,767 0
Unallocated employees expenses 1,611,139 1,581,771 0
Depreciation and amortization 653,030 678,227 0
Unallocated administrative and general expenses 739,922 736,921 0
Impairment of receivables and notes receivable 490,827 1,614,317 0
Impairment of financial assets held to maturity 0 0 0
Impairment of real estate investments 0 0 0
Impairment of property and equipment 1,885 31,523 0
Other expenses 0 0 0
Total expenses 45,127,306 48,851,526 0
Income before tax and fees 7,215,047 4,245,952 0
Income tax 2,019,495 1,033,052 0
Board of Directors Remuniration 35,000 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 5,160,552 3,212,900 0
Non controlling interest 0 0 0
Income pertaining to company's stockholders 5,160,552 3,212,900 0

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 12,331,840 11,079,712 0
Net Cash Flow from (Used in) Operating Activities 8,328,316 3,517,443 0
Net Cash Flow from (Used in) Investing Activities -4,447,088 -2,265,315 0
Net Cash Flow from (Used in) Financing Activities -2,600,000 0 0
Cash Balance (Ending) 13,613,068 12,331,840 0

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.490 0.350 0.000
Earning Per Share (JD) 0.240 0.150 0.000
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.300 1.100 0.000
Price Earnings Ratio (Times) 4.740 7.470 0.000
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) 0.880 1.020 0.000
Return On Assets % 4.730 3.210 0.000
Return On Equity % 18.560 13.610 0.000
Loss Ratio 0.780 0.800 0.000
Operating Profit Margin 0.090 0.070 0.000
Retention Ratio 0.470 0.460 0.000
Net Realized Premiums to Shareholders Equity % 145.920 164.400 0.000
Net Technical Reserves to Net Realized Premiums % 97.240 88.910 0.000
Debt Ratio % 74.490 76.430 0.000
Equity Ratio % 25.510 23.570 0.000
Total Assets Turnover(Times) 0.350 0.400 0.000
Fixed Assets Turnover (Times) 8.090 8.240 0.000