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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) 1.65 1.30 1.32
Value Traded (JD) 871,970 5,860,500 4,189,511
No. of Shares Traded 641,015 4,472,897 3,328,656
No. of Transactions 53 271 1,511
No. of Subscribed Shares 6,000,000 6,000,000 6,000,000
Market Capitalization (JD) 9,900,000 7,800,000 7,920,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 1,871,150 1,557,446 1,860,837
Financial Assets at Fair Value Through Profit 651,170 639,831 684,047
Financial Assets at Fair Value Through Other Comprehensive Income 50,243 50,243 50,243
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 1 1 1
Investments in associates 0 0 0
Property investments 6,583,677 6,684,606 6,785,529
Lending 0 0 0
Other Investments 0 0 0
Total Investments 9,156,241 8,932,127 9,380,657
Cash on hand and at banks 165,166 534,569 422,424
Deferred asset tax 1,198,685 1,235,145 1,334,956
Property & equipments 1,785,552 1,864,900 1,854,865
Intangible assets 10,623 217 416
Other Assets 38,740 41,754 29,415
Total Assets 17,165,779 16,306,687 15,977,207

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 5,356,478 4,418,871 3,661,500
Net Outstanding Claims Provision 3,089,914 3,450,012 3,854,877
Net Mathematical Provision 0 0 0
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 8,446,392 7,868,883 7,516,377
Banks Credits 0 0 0
Accounts Payable 1,565,284 838,347 749,905
Accrued expenses 0 2,135 4,928
Different provisions 0 0 0
Income tax provision 0 0 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 943,818 835,264 564,814
Total Liabilities 11,306,783 10,131,899 9,358,971

Shareholders Equity (JD)

2020 2019 2018
Authorized capital 6,000,000 6,000,000 6,000,000
Paid in capital 6,000,000 6,000,000 6,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 79,490 79,006 69,351
Voluntary Reserve 0 0 0
Special reserve 0 0 0
Cash Dividends 0 105,000 540,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -11,957 -11,957 -11,957
Retained Earnings -208,537 2,739 20,842
Total Shareholders Equity 5,858,996 6,174,788 6,618,236
Non-controlling interest 0 0 0
Total equity 5,858,996 6,174,788 6,618,236
Total Liabilities & Shareholders Equity 17,165,779 16,306,687 15,977,207

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 10,547,990 9,301,167 8,477,522
Reinsurance share 229,311 181,461 212,269
Net written premiums 10,318,679 9,119,706 8,265,253
Net Change of unearned premiums provision -937,607 -757,371 -531,515
Net change of mathematical provision 0 0 0
Net earned of written premiums 9,381,072 8,362,335 7,733,738
Commission received 79,412 49,651 45,210
Issuing fees 388,906 263,520 264,822
Investments income attributable to underwriting 0 0 0
Interest revenue 77,884 101,750 80,158
Gains (losses) from Financial assets and investments 363,221 288,546 202,888
Other revenues -4,201 28,174 494,466
Total revenues 10,310,691 9,141,562 8,866,622
Claims, Losses and Expenses
Claims paid 9,335,546 8,333,431 7,529,855
Maturity and Surrender of polices 0 0 0
Subrogation 1,124,923 1,255,958 946,444
Reinsurance share 316,457 163,629 122,070
Net claims paid 7,894,166 6,913,844 6,461,341
Net change of outstanding claims provision -360,098 -404,865 -801,801
Allocated employees expenses 786,047 790,016 776,067
Allocated administrative and general expenses 423,256 425,394 442,892
Excess of loss premium 274,356 260,259 205,536
Commission paid 677,985 492,404 387,012
Net claims cost 9,695,712 8,477,052 7,471,047
Unallocated employees expenses 48,607 141,243 136,243
Depreciation and amortization 193,030 183,728 235,947
Unallocated administrative and general expenses 253,717 133,156 89,045
Impairment of receivables and notes receivable 265,000 10,000 38,408
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 28,957 20 73,029
Total expenses 10,485,023 8,945,199 8,043,719
Income before tax and fees -174,332 196,363 822,903
Income tax 36,460 99,811 129,394
Board of Directors Remuniration 0 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income -210,792 96,552 693,509
Non controlling interest 0 0 0
Income pertaining to company's stockholders -210,792 96,552 693,509

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 1,867,015 2,058,261 1,891,498
Net Cash Flow from (Used in) Operating Activities 78,490 368,057 321,792
Net Cash Flow from (Used in) Investing Activities -29,189 -89,252 -155,029
Net Cash Flow from (Used in) Financing Activities -105,000 -470,051 0
Cash Balance (Ending) 1,811,316 1,867,015 2,058,261

Financial Ratios

2020 2019 2018
Turnover Ratio % 10.680 74.550 55.480
Earning Per Share (JD) -0.040 0.020 0.120
Dividend Per Share (JD) 0.000 0.020 0.090
Book Value Per Share (JD) 0.980 1.030 1.100
Price Earnings Ratio (Times) -46.970 80.790 11.420
Dividend Yield % 0.000 1.350 6.820
Dividend Per Share to Earning Per Share % 0.000 108.750 77.860
Price to Book Value (Times) 1.690 1.260 1.200
Return On Assets % -1.230 0.590 4.340
Return On Equity % -3.600 1.560 10.480
Loss Ratio 0.900 0.780 0.730
Operating Profit Margin 0.020 0.030 0.070
Retention Ratio 0.980 0.980 0.970
Net Realized Premiums to Shareholders Equity % 176.120 147.690 124.890
Net Technical Reserves to Net Realized Premiums % 81.860 86.280 90.940
Debt Ratio % 65.870 62.130 58.580
Equity Ratio % 34.130 37.870 41.420
Total Assets Turnover(Times) 0.550 0.510 0.480
Fixed Assets Turnover (Times) 5.250 4.480 4.170