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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.60 0.54 0.56
Value Traded (JD) 9,870,084 976,320 1,403,888
No. of Shares Traded 15,878,990 1,777,259 2,220,116
No. of Transactions 1,982 1,582 2,286
No. of Subscribed Shares 28,000,000 28,000,000 28,000,000
Market Capitalization (JD) 16,800,000 15,120,000 15,680,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 13,047,653 14,184,563 13,601,984
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 1,357,495 2,315,141 3,009,214
Financial Assets at Amortized Cost 6,529,087 6,917,520 6,908,121
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 6,769,324 6,821,022 6,869,794
Lending 0 0 0
Other Investments 0 0 0
Total Investments 27,703,559 30,238,246 30,389,113
Cash on hand and at banks 480,791 2,044,528 3,122,016
Deferred asset tax 639,626 416,168 310,860
Property & equipments 5,644,450 5,709,810 5,113,305
Intangible assets 939,698 79,509 49,720
Other Assets 4,785,765 3,061,136 1,730,704
Total Assets 60,736,133 60,053,311 56,827,813

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 8,857,812 7,992,599 7,792,360
Net Outstanding Claims Provision 6,154,320 6,067,564 6,138,684
Net Mathematical Provision 141,316 134,235 119,822
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 15,153,448 14,194,398 14,050,866
Banks Credits 0 0 0
Accounts Payable 2,998,694 1,765,597 1,482,960
Accrued expenses 63,659 76,248 32,766
Different provisions 58,244 45,000 225,000
Income tax provision 409,181 56,901 70,451
Loans 0 0 0
Differed tax liabilities 934 0 1,393
Loans support 0 0 0
Other liabilities 567,225 683,258 645,273
Total Liabilities 27,642,649 27,224,540 24,308,385

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 28,000,000 28,000,000 28,000,000
Paid in capital 28,000,000 28,000,000 28,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 3,276,493 3,010,963 2,743,182
Voluntary Reserve 0 0 0
Special reserve 0 0 0
Cash Dividends 1,260,000 1,540,000 1,400,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -1,715,994 -1,874,622 -1,213,406
Retained Earnings 2,127,709 2,009,146 1,454,117
Total Shareholders Equity 32,948,208 32,685,487 32,383,893
Non-controlling interest 0 0 0
Total equity 33,093,484 32,828,771 32,519,428
Total Liabilities & Shareholders Equity 60,736,133 60,053,311 56,827,813

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 46,365,755 42,115,802 39,635,402
Reinsurance share 25,413,215 25,699,584 22,396,172
Net written premiums 20,952,540 16,416,218 17,239,230
Net Change of unearned premiums provision -865,213 -200,239 68,397
Net change of mathematical provision -7,081 -14,413 -29,379
Net earned of written premiums 20,080,246 16,201,566 17,278,248
Commission received 3,184,773 3,360,708 2,686,631
Issuing fees 2,407,914 2,094,521 1,699,515
Share of policyholder from investments revenue 179,161 201,335 208,050
Share of policyholder from gains (losses) of financial assets and investments -62,706 -70,467 -72,818
Other revenues 0 0 0
Less: Share of Shareholders of the investment returns of insurance installments 0 0 0
Share of policyholders from impairment loss in financial assets held to maturity 0 0 0
Total revenues 25,789,388 21,787,663 21,799,626
Claims, Losses and Expenses
Claims paid 30,765,292 27,043,406 23,871,410
Maturity and Surrender of polices 0 0 0
Subrogation 1,658,566 1,581,014 1,472,772
Reinsurance share 12,103,562 11,632,123 8,235,755
Net claims paid 17,003,164 13,830,269 14,162,883
Net change of outstanding claims provision 146,572 -67,107 241,405
Allocated administrative and general expenses 6,319,438 6,051,354 5,561,022
Excess of loss premium 197,023 167,948 240,065
Commission paid 938,640 669,748 537,809
Net claims cost 25,713,012 21,581,458 21,577,890
Reserves of policyholders 0 0 0
Income tax 289,150 0 0
Impairment of receivables and notes receivable -150,000 -29,006 -131,250
Others -213,534 -169,450 -84,839
Net current of policyholders 1,992 7,749 5,647
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 6,319,438 6,051,354 5,561,022
Share of stockholders from investments revenue 622,341 575,455 358,609
Share of shareholders from gains (losses) of financial assets and investments 558,367 704,559 541,961
Share of Shareholders of the investment returns of insurance installments 0 0 0
Other revenues 114,390 74,328 283,718
Employees expenses -3,581,174 -3,312,074 -3,020,622
Depreciation and amortization -199,979 -136,034 -121,645
Administrative and general expenses -1,265,910 -1,202,499 -1,255,234
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 157,216 18,477 179,341
Totals 2,724,689 2,773,566 2,527,150
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 2,724,689 2,773,566 2,527,150
Income tax 441,418 68,362 18,381
Board of Directors Remuniration 0 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Income for stockholders 2,283,271 2,705,204 2,508,769
Income pertaining to company's stockholders 2,283,271 2,705,204 2,508,769
Non controlling interest 0 0 0

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 9,043,753 9,017,804 12,896,415
Net Cash Flow from (Used in) Operating Activities -370,616 2,562,059 480,135
Net Cash Flow from (Used in) Investing Activities 3,011,942 -1,136,110 -3,658,746
Net Cash Flow from (Used in) Financing Activities -1,540,000 -1,400,000 -700,000
Cash Balance (Ending) 10,145,079 9,043,753 9,017,804

Financial Ratios

2019 2018 2017
Turnover Ratio % 56.710 6.350 7.930
Earning Per Share (JD) 0.080 0.100 0.090
Dividend Per Share (JD) 0.050 0.060 0.050
Book Value Per Share (JD) 1.180 1.170 1.160
Price Earnings Ratio (Times) 7.360 5.590 6.250
Dividend Yield % 7.500 10.190 8.930
Dividend Per Share to Earning Per Share % 0.550 0.570 0.560
Price to Book Value (Times) 0.510 0.460 0.480
Return On Assets % 3.760 4.500 4.410
Return On Equity % 6.930 8.280 7.750
Loss Ratio 0.850 0.850 0.820
Operating Profit Margin 0.000 0.000 0.000
Retention Ratio 0.450 0.390 0.430
Net Realized Premiums to Shareholders Equity % 63.590 50.220 53.230
Net Technical Reserves to Net Realized Premiums % 72.320 86.470 81.510
Debt Ratio % 45.510 45.330 42.780
Equity Ratio % 54.490 54.670 57.220
Total Assets Turnover(Times) 0.610 0.500 0.530
Fixed Assets Turnover (Times) 3.560 2.840 3.380