Menu

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.64 0.66 1.05
Value Traded (JD) 3,210 22,803 7,700
No. of Shares Traded 5,089 29,809 8,845
No. of Transactions 21 44 27
No. of Subscribed Shares 4,000,000 4,000,000 4,000,000
Market Capitalization (JD) 2,560,000 2,640,000 4,200,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 3,704,858 6,487,521 7,046,450
Financial Assets at Fair Value Through Profit 12,757 15,172 19,663
Financial Assets at Fair Value Through Other Comprehensive Income 411,490 408,922 506,301
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 0 0 0
Lending 0 0 0
Other Investments -11,186 -11,186 -11,186
Total Investments 4,140,291 6,922,801 7,583,600
Cash on hand and at banks 225,851 155,543 43,057
Deferred asset tax 417,000 0 0
Property & equipments 252,368 263,791 257,150
Intangible assets 1,939 1,377 888
Other Assets 1,353,893 213,681 198,108
Total Assets 8,899,329 10,266,144 11,011,286

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 1,885,189 2,552,984 3,316,903
Net Outstanding Claims Provision 2,598,245 2,172,839 2,075,509
Net Mathematical Provision 0 0 0
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 4,483,434 4,725,823 5,392,412
Banks Credits 0 0 0
Accounts Payable 358,158 387,531 759,982
Accrued expenses 4,647 35,360 29,549
Different provisions 36,516 36,516 36,516
Income tax provision 0 0 37,529
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 1,074,558 525,777 210,789
Total Liabilities 6,352,281 6,153,957 6,466,777

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 4,000,000 4,000,000 4,000,000
Paid in capital 4,000,000 4,000,000 4,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 784,773 784,108 784,108
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 -95,163 -97,731 -354
Retained Earnings -2,142,562 -574,190 -239,245
Total Shareholders Equity 2,547,048 4,112,187 4,544,509
Non-controlling interest 0 0 0
Total equity 2,547,048 4,112,187 4,544,509
Total Liabilities & Shareholders Equity 8,899,329 10,266,144 11,011,286

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 6,277,581 7,289,136 8,512,240
Reinsurance share 747,595 872,980 1,367,967
Net written premiums 5,529,986 6,416,156 7,144,273
Net Change of unearned premiums provision 667,795 763,919 -1,657,584
Net change of mathematical provision 0 0 0
Net earned of written premiums 6,197,781 7,180,075 5,486,689
Commission received 45,149 40,703 58,092
Issuing fees 209,623 230,489 152,515
Investments income attributable to underwriting 0 0 0
Interest revenue 133,595 170,867 154,606
Gains (losses) from Financial assets and investments 2,015 2,590 27,942
Other revenues 674 2,160 1,151
Total revenues 6,776,670 7,789,812 6,213,421
Claims, Losses and Expenses
Claims paid 7,386,027 7,161,047 5,867,055
Maturity and Surrender of polices 0 0 0
Subrogation 160,240 193,114 77,878
Reinsurance share 623,516 638,218 825,719
Net claims paid 6,602,271 6,329,715 4,963,458
Net change of outstanding claims provision 425,406 97,330 -365,774
Allocated employees expenses 585,336 544,978 500,615
Allocated administrative and general expenses 263,214 310,140 287,771
Excess of loss premium 224,801 160,585 149,040
Commission paid 408,586 324,671 238,581
Net claims cost 8,525,784 7,768,114 5,831,542
Unallocated employees expenses 146,334 136,245 125,154
Depreciation and amortization 15,810 16,160 15,846
Unallocated administrative and general expenses 65,804 77,535 71,943
Impairment of receivables and notes receivable 0 0 0
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 7,645 12,794 10,000
Total expenses 8,761,377 8,010,848 6,054,485
Income before tax and fees -1,984,707 -221,036 158,936
Income tax -417,000 1,636 53,216
Board of Directors Remuniration 0 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income -1,567,707 -222,672 105,720
Non controlling interest 0 0 0
Income pertaining to company's stockholders -1,567,707 -222,672 105,720

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 6,418,064 6,864,507 6,469,049
Net Cash Flow from (Used in) Operating Activities -2,707,406 -423,153 402,412
Net Cash Flow from (Used in) Investing Activities -4,949 -23,290 -6,954
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 3,705,709 6,418,064 6,864,507

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.130 0.750 0.220
Earning Per Share (JD) -0.390 -0.060 0.030
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.640 1.030 1.140
Price Earnings Ratio (Times) -1.630 -11.860 39.730
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) 1.010 0.640 0.920
Return On Assets % -17.620 -2.170 0.960
Return On Equity % -61.550 -5.410 2.330
Loss Ratio 1.130 0.900 0.840
Operating Profit Margin -0.300 -0.020 0.020
Retention Ratio 0.880 0.880 0.840
Net Realized Premiums to Shareholders Equity % 217.110 156.030 157.210
Net Technical Reserves to Net Realized Premiums % 81.070 73.660 75.480
Debt Ratio % 71.380 59.940 58.730
Equity Ratio % 28.620 40.060 41.270
Total Assets Turnover(Times) 0.700 0.700 0.500
Fixed Assets Turnover (Times) 24.560 27.220 21.340