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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.02 1.13 1.36
Value Traded (JD) 2,339,974 804,888 1,204,715
No. of Shares Traded 2,227,741 636,488 881,083
No. of Transactions 1,448 810 1,596
No. of Subscribed Shares 15,000,000 15,000,000 15,000,000
Market Capitalization (JD) 15,300,000 16,950,000 20,400,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 18,397,861 18,734,810 20,076,290
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 8,767,259 8,974,025 8,893,926
Financial Assets at Amortized Cost 747,000 747,000 0
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 31,912,120 32,455,835 32,970,216
Cash on hand and at banks 1,109,294 789,048 1,355,106
Deferred asset tax 0 0 0
Property & equipments 696,744 779,047 833,825
Intangible assets 7,404 18,621 11,468
Other Assets 699,545 822,583 520,497
Total Assets 39,784,384 40,339,317 39,989,660

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 5,195,294 5,012,686 4,842,657
Net Outstanding Claims Provision 8,750,787 9,485,863 8,311,306
Net Mathematical Provision 61,458 45,157 45,473
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 14,007,539 14,543,706 13,199,436
Banks Credits 0 0 0
Accounts Payable 199,049 286,517 244,677
Accrued expenses 0 0 0
Different provisions 1,491,447 1,298,542 1,231,097
Income tax provision 333,136 155,563 442,113
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 529,776 543,287 539,566
Total Liabilities 19,257,044 19,635,532 18,077,696

Shareholders Equity (JD)

2019 2018 2017
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 2,941,266 2,772,434 2,626,032
Voluntary Reserve 736,674 736,674 736,674
Special reserve 0 0 0
Cash Dividends 900,000 900,000 1,200,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -1,927,672 -1,592,791 -1,005,825
Retained Earnings 2,188,771 2,088,101 2,128,061
Total Shareholders Equity 19,839,039 19,904,418 20,684,942
Non-controlling interest 0 0 0
Total equity 20,527,340 20,703,785 21,911,964
Total Liabilities & Shareholders Equity 39,784,384 40,339,317 39,989,660

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 24,333,936 24,611,242 23,475,644
Reinsurance share 7,247,403 7,924,267 6,704,742
Net written premiums 17,086,533 16,686,975 16,770,902
Net Change of unearned premiums provision -182,608 -170,029 293,443
Net change of mathematical provision -16,301 316 -6,738
Net earned of written premiums 16,887,624 16,517,262 17,057,607
Commission received 0 0 0
Issuing fees 458,001 459,191 436,225
Share of policyholder from investments revenue 289,780 308,687 285,577
Share of policyholder from gains (losses) of financial assets and investments 87,236 87,867 91,033
Other revenues 0 0 0
Less: Share of Shareholders of the investment returns of insurance installments 94,254 99,139 94,152
Share of policyholders from impairment loss in financial assets held to maturity 0 0 0
Total revenues 17,628,387 17,273,868 17,776,290
Claims, Losses and Expenses
Claims paid 19,209,504 18,595,111 17,902,531
Maturity and Surrender of polices 0 0 0
Subrogation 1,449,575 2,115,258 1,466,564
Reinsurance share 6,026,903 6,110,103 5,558,934
Net claims paid 11,733,026 10,369,750 10,877,033
Net change of outstanding claims provision -735,076 1,174,557 151,193
Allocated administrative and general expenses 4,866,787 4,430,024 5,164,642
Excess of loss premium 457,250 436,000 436,000
Commission paid 381,701 360,592 316,136
Net claims cost 17,251,110 17,257,937 17,354,357
Reserves of policyholders 0 0 0
Income tax -86,268 0 -52,103
Impairment of receivables and notes receivable -205,584 -447 0
Others 0 0 0
Net current of policyholders 85,425 15,484 369,830
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 4,866,787 4,430,024 5,164,642
Share of stockholders from investments revenue 540,000 426,643 552,792
Share of shareholders from gains (losses) of financial assets and investments 261,709 264,184 275,143
Share of Shareholders of the investment returns of insurance installments 94,254 99,139 94,152
Other revenues 0 0 0
Employees expenses -2,810,203 -2,929,507 -2,628,547
Depreciation and amortization -119,552 -117,498 -125,354
Administrative and general expenses -678,384 -707,435 -685,587
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 -466,294 -1,526 0
Totals 1,688,317 1,464,024 2,647,241
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 1,688,317 1,464,024 2,647,241
Income tax 452,401 294,597 589,995
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 1,180,916 1,114,427 2,002,246
Income pertaining to company's stockholders 1,180,916 1,114,427 2,002,246
Non controlling interest 0 0 0

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 2,665,113 1,973,540 1,814,388
Net Cash Flow from (Used in) Operating Activities 1,199,931 1,285,743 3,010,386
Net Cash Flow from (Used in) Investing Activities -1,598,562 891,274 -2,532,069
Net Cash Flow from (Used in) Financing Activities -900,000 -1,485,444 -316,423
Cash Balance (Ending) 1,366,482 2,665,113 1,976,282

Financial Ratios

2019 2018 2017
Turnover Ratio % 14.850 4.240 5.870
Earning Per Share (JD) 0.080 0.070 0.130
Dividend Per Share (JD) 0.060 0.060 0.080
Book Value Per Share (JD) 1.320 1.330 1.380
Price Earnings Ratio (Times) 12.960 15.210 10.190
Dividend Yield % 5.880 5.310 5.880
Dividend Per Share to Earning Per Share % 0.760 0.810 0.600
Price to Book Value (Times) 0.770 0.850 0.990
Return On Assets % 2.970 2.760 5.010
Return On Equity % 5.950 5.600 9.680
Loss Ratio 0.650 0.700 0.650
Operating Profit Margin 0.000 -0.010 0.010
Retention Ratio 0.700 0.680 0.710
Net Realized Premiums to Shareholders Equity % 86.130 83.840 81.080
Net Technical Reserves to Net Realized Premiums % 81.980 87.160 78.700
Debt Ratio % 48.400 48.680 45.210
Equity Ratio % 51.600 51.320 54.790
Total Assets Turnover(Times) 0.850 0.830 0.820
Fixed Assets Turnover (Times) 24.240 21.200 20.460