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Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.10 1.05 1.18
Value Traded (JD) 1,127 24,569 0
No. of Shares Traded 1,002 22,674 0
No. of Transactions 2 6 0
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 8,800,000 8,400,000 9,440,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 11,977,957 11,106,635 10,380,551
Financial Assets at Fair Value Through Profit 540,730 440,364 324,373
Financial Assets at Fair Value Through Other Comprehensive Income 301,336 281,869 601,348
Financial Assets at Amortized Cost 2,910,145 3,366,187 3,554,712
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 2,623,803 2,623,803 2,623,803
Lending 0 0 0
Other Investments 0 0 0
Total Investments 18,353,971 17,818,858 17,484,787
Cash on hand and at banks 1,540,118 402,319 897,510
Deferred asset tax 518,167 391,421 433,120
Property & equipments 2,745,827 2,852,538 2,955,937
Intangible assets 255,844 313,902 10,620
Other Assets 338,925 720,468 778,020
Total Assets 30,694,869 28,589,410 26,175,530

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 5,219,829 5,420,177 4,866,387
Net Outstanding Claims Provision 6,171,619 6,241,713 6,329,666
Net Mathematical Provision 1,306,915 748,513 217,034
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,698,363 12,410,403 11,413,087
Banks Credits 0 0 0
Accounts Payable 2,745,784 1,927,204 1,143,137
Accrued expenses 0 0 0
Different provisions 36,000 0 305,628
Income tax provision 257,153 0 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 2,478,966 2,218,067 2,081,698
Total Liabilities 20,065,742 18,553,508 16,448,903

Shareholders Equity (JD)

2020 2019 2018
Authorized capital 8,000,000 8,000,000 8,000,000
Paid in capital 8,000,000 8,000,000 8,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 1,693,829 1,616,900 1,586,624
Voluntary Reserve 15,948 15,948 15,948
Special reserve 0 0 0
Cash Dividends 400,000 0 0
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -120,581 -102,034 -168,372
Retained Earnings 639,931 505,088 292,427
Total Shareholders Equity 10,629,127 10,035,902 9,726,627
Non-controlling interest 0 0 0
Total equity 10,629,127 10,035,902 9,726,627
Total Liabilities & Shareholders Equity 30,694,869 28,589,410 26,175,530

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 17,788,704 18,314,967 15,106,924
Reinsurance share 5,813,501 5,967,200 4,812,904
Net written premiums 11,975,203 12,347,767 10,294,020
Net Change of unearned premiums provision 200,348 -553,790 -706,564
Net change of mathematical provision -558,402 -531,479 -124,559
Net earned of written premiums 11,617,149 11,262,498 9,462,897
Commission received 1,354,528 1,186,452 888,193
Issuing fees 520,256 484,041 318,296
Investments income attributable to underwriting 0 0 0
Interest revenue 754,315 864,468 778,408
Gains (losses) from Financial assets and investments 0 0 0
Other revenues 149,828 148,303 97,658
Total revenues 14,396,076 13,945,762 11,545,452
Claims, Losses and Expenses
Claims paid 12,298,227 13,170,275 12,199,320
Maturity and Surrender of polices 0 0 0
Subrogation 1,682,334 2,125,849 2,125,304
Reinsurance share 1,942,480 1,749,830 1,927,587
Net claims paid 8,673,413 9,294,596 8,146,429
Net change of outstanding claims provision -70,094 -87,953 -309,145
Allocated employees expenses 1,081,602 1,066,247 1,059,009
Allocated administrative and general expenses 594,843 537,725 442,873
Excess of loss premium 154,795 190,311 187,147
Commission paid 1,297,408 1,106,855 628,189
Net claims cost 12,345,640 12,623,164 10,493,967
Unallocated employees expenses 270,401 266,562 264,752
Depreciation and amortization 197,616 163,346 127,742
Unallocated administrative and general expenses 606,671 505,629 405,998
Impairment of receivables and notes receivable 84,000 15,507 2,489
Impairment of financial assets held to maturity 36,458 36,050 36,817
Impairment of real estate investments 0 0 0
Impairment of property and equipment 0 0 0
Other expenses 36,000 32,741 15,815
Total expenses 13,576,786 13,642,999 11,347,580
Income before tax and fees 819,290 302,763 197,872
Income tax 157,518 41,699 -38,549
Board of Directors Remuniration 50,000 0 22,531
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 611,772 261,064 213,890
Non controlling interest 0 0 0
Income pertaining to company's stockholders 611,772 261,064 213,890

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 500,021 5,935,961 5,346,449
Net Cash Flow from (Used in) Operating Activities 1,120,236 -515,793 34,658
Net Cash Flow from (Used in) Investing Activities 1,139,468 -4,920,147 554,854
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 2,759,725 500,021 5,935,961

Financial Ratios

2020 2019 2018
Turnover Ratio % 0.010 0.280 0.000
Earning Per Share (JD) 0.080 0.030 0.030
Dividend Per Share (JD) 0.050 0.000 0.000
Book Value Per Share (JD) 1.330 1.250 1.220
Price Earnings Ratio (Times) 14.380 32.180 44.130
Dividend Yield % 4.550 0.000 0.000
Dividend Per Share to Earning Per Share % 65.380 0.000 0.000
Price to Book Value (Times) 0.830 0.840 0.970
Return On Assets % 1.990 0.910 0.820
Return On Equity % 5.760 2.600 2.200
Loss Ratio 0.740 0.820 0.830
Operating Profit Margin 0.050 0.000 0.000
Retention Ratio 0.670 0.670 0.680
Net Realized Premiums to Shareholders Equity % 112.660 123.040 105.830
Net Technical Reserves to Net Realized Premiums % 106.040 100.510 110.870
Debt Ratio % 65.370 64.900 62.840
Equity Ratio % 34.630 35.100 37.160
Total Assets Turnover(Times) 0.380 0.390 0.360
Fixed Assets Turnover (Times) 4.230 3.950 3.200