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Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 2.00 1.95 1.29
Value Traded (JD) 412,437 2,759 6,891
No. of Shares Traded 206,220 1,829 4,665
No. of Transactions 8 12 12
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 16,000,000 15,600,000 10,320,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Deposits at banks 15,111,919 19,390,619 20,491,534
Financial Assets at Fair Value Through Profit 1,155,362 1,263,868 974,009
Financial Assets at Fair Value Through Other Comprehensive Income 1,078,312 0 0
Financial Assets at Amortized Cost 5,759,922 978,647 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 871,063 878,655 876,614
Lending 0 0 0
Other Investments 0 0 0
Total Investments 23,976,578 22,511,789 22,342,157
Cash on hand and at banks 189,584 191,094 394,361
Deferred asset tax 1,420,162 1,347,296 1,179,483
Property & equipments 3,216,096 3,031,761 3,072,586
Intangible assets 25,761 22,958 11,875
Other Assets 619,240 748,574 313,984
Total Assets 40,224,508 37,195,581 36,387,824

Liabilities (JD)

2021 2020 2019
Net Unearned Premium Provision 9,574,854 9,081,491 9,421,034
Net Outstanding Claims Provision 10,382,533 9,453,369 8,180,269
Net Mathematical Provision 106,491 95,187 91,829
Other Technical Provisions 206,000 0 0
Total insurance contracts liabilities 20,269,878 18,630,047 17,693,132
Banks Credits 345,072 601,718 1,036,710
Accounts Payable 3,303,771 3,474,528 2,939,868
Accrued expenses 0 0 0
Different provisions 205,835 335,702 354,263
Income tax provision 204,760 254,530 282,734
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 646,139 577,355 718,259
Total Liabilities 28,282,923 25,305,139 25,115,439

Shareholders Equity (JD)

2021 2020 2019
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 1,750,409 1,629,953 1,467,751
Voluntary Reserve 15,676 15,676 15,676
Special reserve 0 0 0
Purchase of Non-controlling interest differences 0 0 0
Cash Dividends 0 880,000 600,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -11,059 0 0
Retained Earnings 2,186,559 1,364,813 1,188,958
Total Shareholders Equity 11,941,585 11,890,442 11,272,385
Non-controlling interest 0 0 0
Total equity 11,941,585 11,890,442 11,272,385
Total Liabilities & Shareholders Equity 40,224,508 37,195,581 36,387,824

Income Statement (JD)

2021 2020 2019
Revenues
Total written premiums 31,397,800 27,442,255 29,647,991
Reinsurance share 8,772,796 5,338,388 5,753,396
Net written premiums 22,625,004 22,103,867 23,894,595
Net Change of unearned premiums provision -699,363 339,543 -411,219
Net change of mathematical provision -11,304 -3,358 8,655
Net earned of written premiums 21,914,337 22,440,052 23,492,031
Commission received 618,188 377,359 361,677
Issuing fees 812,360 764,563 864,911
Investments income attributable to underwriting 0 0 0
Interest revenue 948,425 1,183,846 1,288,294
Gains (losses) from Financial assets and investments 426,691 19,213 213,418
Other revenues 0 0 0
Total revenues 25,684,383 25,188,266 26,707,124
Claims, Losses and Expenses
Claims paid 24,625,192 21,153,450 24,470,944
Maturity and Surrender of polices 0 0 0
Subrogation 2,395,498 1,726,743 2,496,659
Reinsurance share 3,909,715 2,271,240 2,391,768
Net claims paid 18,319,979 17,155,467 19,582,517
Net change of outstanding claims provision 929,164 1,273,100 886,449
Allocated employees expenses 1,857,708 1,785,363 1,713,671
Allocated administrative and general expenses 620,752 643,104 751,908
Excess of loss premium 210,000 198,000 224,355
Commission paid 871,048 839,241 955,059
Net claims cost 23,439,332 22,545,264 24,693,004
Unallocated employees expenses 242,171 228,686 210,076
Depreciation and amortization 100,469 81,048 125,673
Unallocated administrative and general expenses 155,188 160,776 187,977
Impairment of receivables and notes receivable 351,505 469,881 188,417
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 190,241 81,508 47,147
Total expenses 24,478,906 23,567,163 25,452,294
Income before tax and fees 1,205,477 1,621,103 1,254,830
Income tax 242,275 382,046 234,708
Board of Directors Remuniration 21,000 21,000 21,000
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 942,202 1,218,057 999,122
Non controlling interest 0 0 0
Income pertaining to company's stockholders 942,202 1,218,057 999,122

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 7,191,027 3,340,418 9,018,013
Net Cash Flow from (Used in) Operating Activities 2,762,421 400,749 2,287,512
Net Cash Flow from (Used in) Investing Activities -6,038,746 4,102,806 -7,026,171
Net Cash Flow from (Used in) Financing Activities -894,371 -652,946 -938,936
Cash Balance (Ending) 3,020,331 7,191,027 3,340,418

Financial Ratios

2021 2020 2019
Turnover Ratio % 2.580 0.020 0.060
Earning Per Share (JD) 0.120 0.150 0.120
Dividend Per Share (JD) 0.000 0.110 0.080
Book Value Per Share (JD) 1.490 1.490 1.410
Price Earnings Ratio (Times) 16.980 12.810 10.330
Dividend Yield % 0.000 5.640 5.810
Dividend Per Share to Earning Per Share % 0.000 72.250 60.050
Price to Book Value (Times) 1.340 1.310 0.920
Return On Assets % 2.340 3.270 2.750
Return On Equity % 7.890 10.240 8.860
Loss Ratio 0.880 0.820 0.870
Operating Profit Margin 0.020 0.050 0.020
Retention Ratio 0.720 0.810 0.810
Net Realized Premiums to Shareholders Equity % 189.460 185.900 211.970
Net Technical Reserves to Net Realized Premiums % 89.590 84.280 74.050
Debt Ratio % 70.310 68.030 69.020
Equity Ratio % 29.690 31.970 30.980
Total Assets Turnover(Times) 0.540 0.600 0.650
Fixed Assets Turnover (Times) 6.810 7.400 7.650