Menu

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.30 1.34 1.45
Value Traded (JD) 752,769 475,203 136,866
No. of Shares Traded 604,892 353,562 84,362
No. of Transactions 100 56 67
No. of Subscribed Shares 22,050,000 22,050,000 22,050,000
Market Capitalization (JD) 28,665,000 29,547,000 31,972,500
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 19,353,362 9,500,295 9,827,804
Financial Assets at Fair Value Through Profit 5,453,074 6,307,465 6,804,319
Financial Assets at Fair Value Through Other Comprehensive Income 12,759,064 19,651,863 20,774,232
Financial Assets at Amortized Cost 700,000 700,000 700,000
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 23,562,680 23,824,986 25,029,356
Lending 560,555 779,692 658,682
Other Investments 0 0 0
Total Investments 62,388,735 60,764,301 63,794,393
Cash on hand and at banks 3,073,243 4,575,385 2,908,998
Deferred asset tax 1,281,065 738,956 339,683
Property & equipments 5,078,037 5,296,482 5,461,687
Intangible assets 22,750 37,559 16,618
Other Assets 953,715 2,512,363 966,887
Total Assets 87,911,008 86,928,627 86,428,279

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 7,546,087 8,969,259 8,646,635
Net Outstanding Claims Provision 17,084,164 15,593,343 15,562,849
Net Mathematical Provision 3,931,497 4,572,653 4,640,885
Other Technical Provisions 250,000 250,000 250,000
Total insurance contracts liabilities 28,811,748 29,385,255 29,100,369
Banks Credits 0 0 0
Accounts Payable 2,402,528 3,689,906 1,838,713
Accrued expenses 81,533 91,507 84,364
Different provisions 478,840 449,137 378,813
Income tax provision 766,446 330,079 446,416
Loans 0 0 0
Differed tax liabilities 0 0 59,586
Loans support 0 0 0
Other liabilities 7,976,586 7,924,439 7,395,058
Total Liabilities 49,328,599 48,367,237 47,119,601

Shareholders Equity (JD)

2020 2019 2018
Authorized capital 22,050,000 22,050,000 22,050,000
Paid in capital 22,050,000 22,050,000 22,050,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 5,512,500 5,512,500 5,422,776
Voluntary Reserve 2,000,000 2,000,000 2,000,000
Special reserve 0 0 0
Cash Dividends 1,102,500 0 1,102,500
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -3,434,106 -669,057 188,689
Retained Earnings 11,351,515 9,667,947 8,544,713
Total Shareholders Equity 38,582,409 38,561,390 39,308,678
Non-controlling interest 0 0 0
Total equity 38,582,409 38,561,390 39,308,678
Total Liabilities & Shareholders Equity 87,911,008 86,928,627 86,428,279

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 39,257,209 41,174,088 40,679,648
Reinsurance share 23,003,518 22,302,885 21,876,423
Net written premiums 16,253,691 18,871,203 18,803,225
Net Change of unearned premiums provision 1,423,172 -322,624 -224,954
Net change of mathematical provision 641,156 68,232 202,733
Net earned of written premiums 18,318,019 18,616,811 18,781,004
Commission received 2,261,733 2,605,779 2,159,444
Issuing fees 1,092,002 1,063,167 1,072,495
Investments income attributable to underwriting 0 0 0
Interest revenue 453,276 547,941 467,021
Gains (losses) from Financial assets and investments 211,812 1,031,313 1,423,198
Other revenues 396,727 53,294 5,973
Total revenues 22,733,569 23,918,305 23,909,135
Claims, Losses and Expenses
Claims paid 22,962,218 30,167,782 25,036,192
Maturity and Surrender of polices 821,825 513,166 562,347
Subrogation 2,283,640 3,927,043 3,916,593
Reinsurance share 10,161,587 12,513,433 8,025,966
Net claims paid 11,338,816 14,240,472 13,655,980
Net change of outstanding claims provision 1,490,821 30,494 282,135
Allocated employees expenses 3,239,699 3,146,905 3,032,634
Allocated administrative and general expenses 1,535,355 1,437,388 1,450,881
Excess of loss premium 291,698 272,227 265,947
Commission paid 1,627,006 1,626,100 1,765,885
Net claims cost 19,662,562 20,896,080 20,552,737
Unallocated employees expenses 638,897 620,615 568,737
Depreciation and amortization 250,079 251,999 244,858
Unallocated administrative and general expenses 183,592 184,246 199,501
Impairment of receivables and notes receivable 302,543 0 0
Impairment of financial assets held to maturity 0 0 0
Impairment of real estate investments 361,795 361,795 362,678
Impairment of property and equipment 38,866 38,866 0
Other expenses 101,815 164,392 202,870
Total expenses 21,540,149 22,517,993 22,131,381
Income before tax and fees 1,193,420 1,400,312 1,777,754
Income tax 132,004 137,354 257,572
Board of Directors Remuniration 50,000 50,000 50,000
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 1,011,416 1,212,958 1,470,182
Non controlling interest 0 0 0
Income pertaining to company's stockholders 1,011,416 1,212,958 1,470,182

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 11,750,680 11,395,552 11,661,461
Net Cash Flow from (Used in) Operating Activities 2,073,026 1,740,051 2,775,966
Net Cash Flow from (Used in) Investing Activities -3,324,175 -187,739 -1,957,023
Net Cash Flow from (Used in) Financing Activities -47,926 -1,197,184 -1,084,852
Cash Balance (Ending) 10,451,605 11,750,680 11,395,552

Financial Ratios

2020 2019 2018
Turnover Ratio % 2.740 1.600 0.380
Earning Per Share (JD) 0.050 0.060 0.070
Dividend Per Share (JD) 0.050 0.000 0.050
Book Value Per Share (JD) 1.750 1.750 1.780
Price Earnings Ratio (Times) 28.340 24.360 21.750
Dividend Yield % 3.850 0.000 3.450
Dividend Per Share to Earning Per Share % 109.010 0.000 74.990
Price to Book Value (Times) 0.740 0.770 0.810
Return On Assets % 1.150 1.400 1.700
Return On Equity % 2.620 3.150 3.740
Loss Ratio 0.760 0.770 0.740
Operating Profit Margin 0.050 0.040 0.040
Retention Ratio 0.410 0.460 0.460
Net Realized Premiums to Shareholders Equity % 42.130 48.940 47.830
Net Technical Reserves to Net Realized Premiums % 177.260 155.710 154.760
Debt Ratio % 56.110 55.640 54.520
Equity Ratio % 43.890 44.360 45.480
Total Assets Turnover(Times) 0.210 0.210 0.220
Fixed Assets Turnover (Times) 3.610 3.510 3.440