Menu

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.81 0.67 1.13
Value Traded (JD) 691,975 293,239 8,102,936
No. of Shares Traded 865,610 437,958 11,873,599
No. of Transactions 117 29 615
No. of Subscribed Shares 9,500,000 9,500,000 9,500,000
Market Capitalization (JD) 7,695,000 6,365,000 10,735,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 8,244,091 8,620,508 7,298,848
Financial Assets at Fair Value Through Profit 40,768 43,586 130,338
Financial Assets at Fair Value Through Other Comprehensive Income 812,003 602,175 602,175
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 2,325,051 581,975 592,847
Lending 0 0 0
Other Investments 0 0 0
Total Investments 11,421,913 9,848,244 8,624,208
Cash on hand and at banks 900,558 3,318 335,259
Deferred asset tax 1,389,957 1,247,580 1,347,238
Property & equipments 2,808,515 4,613,393 4,630,878
Intangible assets 58,444 50,088 53,227
Other Assets 999,178 1,150,148 749,395
Total Assets 26,275,230 26,199,095 22,101,879

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 7,095,669 7,911,710 6,376,722
Net Outstanding Claims Provision 5,046,044 5,047,533 4,671,580
Net Mathematical Provision 40,380 3,024 52,286
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,182,093 12,962,267 11,100,588
Banks Credits 0 0 0
Accounts Payable 1,299,942 1,208,025 906,345
Accrued expenses 92,582 81,366 76,636
Different provisions 0 0 0
Income tax provision 283,553 28,488 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 2,503,004 2,298,213 827,546
Total Liabilities 17,454,185 18,070,353 14,990,537

Shareholders Equity (JD)

2020 2019 2018
Authorized capital 9,500,000 9,500,000 9,500,000
Paid in capital 9,500,000 9,500,000 9,500,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 3,466,722 3,466,722 3,760,765
Compulsory Reserves 1,319,089 1,179,816 1,065,261
Voluntary Reserve 520,458 241,912 12,803
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 21,236 0 0
Retained Earnings 926,984 673,736 294,043
Total Shareholders Equity 8,821,045 8,128,742 7,111,342
Non-controlling interest 0 0 0
Total equity 8,821,045 8,128,742 7,111,342
Total Liabilities & Shareholders Equity 26,275,230 26,199,095 22,101,879

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 20,863,003 21,701,087 17,031,676
Reinsurance share 6,075,030 4,747,143 3,290,177
Net written premiums 14,787,973 16,953,944 13,741,499
Net Change of unearned premiums provision 816,041 -1,534,988 -1,529,537
Net change of mathematical provision -37,356 49,264 -37,968
Net earned of written premiums 15,566,658 15,468,220 12,173,994
Commission received 302,724 311,807 312,343
Issuing fees 680,745 809,321 543,662
Investments income attributable to underwriting 0 0 0
Interest revenue 338,853 422,552 336,535
Gains (losses) from Financial assets and investments -2,818 7,121 117,997
Other revenues 20,891 32,770 5,897
Total revenues 17,488,422 17,626,739 13,845,291
Claims, Losses and Expenses
Claims paid 17,651,635 16,301,045 13,425,780
Maturity and Surrender of polices 0 0 0
Subrogation 1,539,473 1,676,254 1,363,192
Reinsurance share 4,763,648 3,053,353 1,945,374
Net claims paid 11,348,514 11,571,438 10,117,214
Net change of outstanding claims provision -1,489 375,953 -844,190
Allocated employees expenses 1,038,721 1,063,824 977,595
Allocated administrative and general expenses 327,056 379,052 382,134
Excess of loss premium 213,000 191,415 180,010
Commission paid 1,171,029 815,682 756,373
Net claims cost 14,874,351 15,153,163 12,131,029
Unallocated employees expenses 869,933 890,956 694,401
Depreciation and amortization 108,421 107,372 105,130
Unallocated administrative and general expenses 160,329 97,700 95,534
Impairment of receivables and notes receivable 35,323 122,800 80,290
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 1,265 97,200 433
Total expenses 16,049,622 16,469,191 13,106,817
Income before tax and fees 1,438,800 1,157,548 738,474
Income tax 141,176 128,146 88,009
Board of Directors Remuniration 46,066 12,000 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 1,251,558 1,017,402 650,465
Non controlling interest 0 0 0
Income pertaining to company's stockholders 1,251,558 1,017,402 650,465

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 8,298,826 7,309,107 7,336,463
Net Cash Flow from (Used in) Operating Activities 490,594 942,711 25,222
Net Cash Flow from (Used in) Investing Activities 30,229 47,008 -52,578
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 8,819,649 8,298,826 7,309,107

Financial Ratios

2020 2019 2018
Turnover Ratio % 9.110 4.610 124.990
Earning Per Share (JD) 0.130 0.110 0.070
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.930 0.860 0.750
Price Earnings Ratio (Times) 6.150 6.260 16.500
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) 0.870 0.780 1.510
Return On Assets % 4.760 3.880 2.940
Return On Equity % 14.190 12.520 9.150
Loss Ratio 0.730 0.770 0.760
Operating Profit Margin 0.110 0.090 0.070
Retention Ratio 0.710 0.780 0.810
Net Realized Premiums to Shareholders Equity % 167.640 208.570 193.230
Net Technical Reserves to Net Realized Premiums % 82.380 76.460 80.780
Debt Ratio % 66.430 68.970 67.820
Equity Ratio % 33.570 31.030 32.180
Total Assets Turnover(Times) 0.590 0.590 0.550
Fixed Assets Turnover (Times) 5.540 3.350 2.630