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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) 1.45 1.14 1.02
Value Traded (JD) 5,091,565 11,717,577 2,339,974
No. of Shares Traded 3,828,168 11,059,564 2,227,741
No. of Transactions 3,300 3,211 1,448
No. of Subscribed Shares 15,000,000 15,000,000 15,000,000
Market Capitalization (JD) 21,750,000 17,100,000 15,300,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Deposits at banks 20,593,548 19,994,232 18,397,861
Financial Assets at Fair Value Through Profit 4,000,000 4,000,000 4,000,000
Financial Assets at Fair Value Through Other Comprehensive Income 9,182,554 9,191,178 8,767,259
Financial Assets at Amortized Cost 747,000 747,000 747,000
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 0 0 0
Lending 0 0 0
Other Investments 0 0 0
Total Investments 34,523,102 33,932,410 31,912,120
Cash on hand and at banks 2,265,349 835,140 1,109,294
Deferred asset tax 0 0 0
Property & equipments 610,139 666,435 696,744
Intangible assets 7,342 21,074 7,404
Other Assets 813,275 776,530 699,545
Total Assets 43,041,933 41,552,507 39,784,384

Liabilities (JD)

2021 2020 2019
Net Unearned Premium Provision 4,937,185 4,887,064 5,195,294
Net Outstanding Claims Provision 7,573,416 8,259,746 8,750,787
Net Mathematical Provision 73,610 80,490 61,458
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,584,211 13,227,300 14,007,539
Banks Credits 0 0 0
Accounts Payable 359,724 399,275 199,049
Accrued expenses 0 0 0
Different provisions 2,576,073 2,055,778 1,491,447
Income tax provision 561,459 634,162 333,136
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 418,547 487,496 529,776
Total Liabilities 19,078,794 19,132,920 19,257,044

Shareholders Equity (JD)

2021 2020 2019
Authorized capital 15,000,000 15,000,000 15,000,000
Paid in capital 15,000,000 15,000,000 15,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 3,454,318 3,185,704 2,941,266
Voluntary Reserve 1,005,288 736,674 736,674
Special reserve 0 0 0
Cash Dividends 1,200,000 1,200,000 900,000
Stock Dividends 0 0 0
Foreign Currencies Translation -46,815 0 0
Accumulated Change in Fair Value -258,051 -1,111,098 -1,927,672
Retained Earnings 2,292,782 2,180,175 2,188,771
Total Shareholders Equity 22,647,522 21,191,455 19,839,039
Non-controlling interest 0 0 0
Total equity 23,963,139 22,419,587 20,527,340
Total Liabilities & Shareholders Equity 43,041,933 41,552,507 39,784,384

Income Statement (JD)

2021 2020 2019
Revenues
Total written premiums 25,188,341 22,588,164 24,333,936
Reinsurance share 8,645,332 7,202,432 7,247,403
Net written premiums 16,543,009 15,385,732 17,086,533
Net Change of unearned premiums provision -50,121 308,230 -182,608
Net change of mathematical provision 6,880 -19,032 -16,301
Net earned of written premiums 16,499,768 15,674,930 16,887,624
Commission received 0 0 0
Issuing fees 514,676 450,268 458,001
Share of policyholder from investments revenue 289,421 354,304 289,780
Share of policyholder from gains (losses) of financial assets and investments 76,677 39,103 87,236
Other revenues 0 0 0
Less: Share of Shareholders of the investment returns of insurance installments 91,524 98,352 94,254
Share of policyholders from impairment loss in financial assets held to maturity 0 0 0
Total revenues 17,289,018 16,420,253 17,628,387
Claims, Losses and Expenses
Claims paid 18,572,528 15,738,719 19,209,504
Maturity and Surrender of polices 0 0 0
Subrogation 1,215,503 1,306,814 1,449,575
Reinsurance share 6,558,493 5,482,385 6,026,903
Net claims paid 10,798,532 8,949,520 11,733,026
Net change of outstanding claims provision -686,330 -491,041 -735,076
Allocated administrative and general expenses 5,793,318 5,647,041 4,866,787
Excess of loss premium 433,842 461,015 457,250
Commission paid 308,436 306,692 381,701
Net claims cost 17,064,485 15,268,278 17,251,110
Reserves of policyholders 0 0 0
Income tax -158,106 -264,876 -86,268
Impairment of receivables and notes receivable 0 -240,000 -205,584
Others 9,830 -19,568 0
Net current of policyholders 76,257 627,531 85,425
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 5,793,318 5,647,041 4,866,787
Share of stockholders from investments revenue 684,689 546,120 540,000
Share of shareholders from gains (losses) of financial assets and investments 230,031 117,871 261,709
Share of Shareholders of the investment returns of insurance installments 91,524 98,352 94,254
Other revenues 17,598 0 0
Employees expenses -2,817,964 -2,645,139 -2,810,203
Depreciation and amortization -116,383 -115,218 -119,552
Administrative and general expenses -697,325 -659,941 -678,384
Share of shareholders from impairment loss in 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 -499,345 -544,702 -466,294
Totals 2,686,143 2,444,384 1,688,317
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 2,686,143 2,444,384 1,688,317
Income tax 738,998 656,433 452,401
Board of Directors Remuniration 55,000 55,000 55,000
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Income for stockholders 1,892,145 1,732,951 1,180,916
Income pertaining to company's stockholders 1,892,145 1,732,951 1,180,916
Non controlling interest 0 0 0

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 1,002,607 1,366,482 2,665,113
Net Cash Flow from (Used in) Operating Activities 2,536,894 2,233,012 1,199,931
Net Cash Flow from (Used in) Investing Activities 893,246 -1,696,887 -1,598,562
Net Cash Flow from (Used in) Financing Activities -1,569,821 -900,000 -900,000
Cash Balance (Ending) 2,862,926 1,002,607 1,366,482

Financial Ratios

2021 2020 2019
Turnover Ratio % 25.520 73.730 14.850
Earning Per Share (JD) 0.130 0.120 0.080
Dividend Per Share (JD) 0.080 0.080 0.060
Book Value Per Share (JD) 1.510 1.410 1.320
Price Earnings Ratio (Times) 11.490 9.870 12.960
Dividend Yield % 5.520 7.020 5.880
Dividend Per Share to Earning Per Share % 0.630 0.690 0.760
Price to Book Value (Times) 0.960 0.810 0.770
Return On Assets % 4.400 4.170 2.970
Return On Equity % 8.350 8.180 5.950
Loss Ratio 0.610 0.540 0.650
Operating Profit Margin 0.000 0.040 0.000
Retention Ratio 0.660 0.680 0.700
Net Realized Premiums to Shareholders Equity % 73.050 72.600 86.130
Net Technical Reserves to Net Realized Premiums % 76.070 85.970 81.980
Debt Ratio % 44.330 46.050 48.400
Equity Ratio % 55.670 53.950 51.600
Total Assets Turnover(Times) 0.730 0.740 0.850
Fixed Assets Turnover (Times) 27.040 23.520 24.240