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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) 1.12 1.16 1.16
Value Traded (JD) 493,627 5,958 164,396
No. of Shares Traded 569,371 7,132 118,517
No. of Transactions 73 19 21
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 8,960,000 9,280,000 9,280,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 6,787,898 7,784,091 10,242,422
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 2,871,407 3,636,513 3,440,376
Financial Assets at Amortized Cost 6,188,915 4,727,962 2,612,949
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 440,527 459,826 479,125
Lending 0 0 0
Other Investments 0 0 0
Total Investments 16,288,747 16,608,392 16,774,872
Cash on hand and at banks 135,099 318,811 260,548
Deferred asset tax 372,331 350,457 277,088
Property & equipments 584,938 614,708 632,845
Intangible assets 0 0 0
Other Assets 1,042,228 1,233,978 698,733
Total Assets 26,848,178 26,821,125 26,513,545

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 4,997,403 5,618,366 6,406,627
Net Outstanding Claims Provision 7,180,122 7,153,116 6,482,691
Net Mathematical Provision 50,318 38,088 52,700
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,227,843 12,809,570 12,942,018
Banks Credits 0 0 0
Accounts Payable 2,690,270 2,222,922 2,319,230
Accrued expenses 79,159 80,658 99,250
Different provisions 27,644 30,253 37,212
Income tax provision 238,601 32,147 14,130
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 1,436,800 1,612,802 1,301,942
Total Liabilities 17,463,648 17,734,650 17,845,365

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 1,459,643 1,356,991 1,305,481
Voluntary Reserve 311,000 311,000 311,000
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 -1,596,234 -962,630 -919,754
Retained Earnings 1,210,121 381,114 -28,547
Total Shareholders Equity 9,384,530 9,086,475 8,668,180
Non-controlling interest 0 0 0
Total equity 9,384,530 9,086,475 8,668,180
Total Liabilities & Shareholders Equity 26,848,178 26,821,125 26,513,545

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 17,789,711 18,426,817 21,244,563
Reinsurance share 6,650,983 5,696,524 5,620,253
Net written premiums 11,138,728 12,730,293 15,624,310
Net Change of unearned premiums provision 620,963 788,261 -492,549
Net change of mathematical provision -12,230 14,612 -4,213
Net earned of written premiums 11,747,461 13,533,166 15,127,548
Commission received 445,472 379,001 486,824
Issuing fees 693,956 729,368 904,672
Investments income attributable to underwriting 0 0 0
Interest revenue 712,036 755,349 703,938
Gains (losses) from Financial assets and investments 105,755 249,287 269,625
Other revenues 1,117 5,107 641
Total revenues 14,400,963 16,004,949 17,591,071
Claims, Losses and Expenses
Claims paid 15,196,796 17,754,997 19,950,698
Maturity and Surrender of polices 0 0 0
Subrogation 1,321,610 3,104,413 2,886,938
Reinsurance share 4,116,478 3,449,296 3,513,553
Net claims paid 9,758,708 11,201,288 13,550,207
Net change of outstanding claims provision 27,006 670,425 1,107,600
Allocated employees expenses 917,795 956,652 891,971
Allocated administrative and general expenses 466,029 494,621 521,298
Excess of loss premium 297,595 288,022 400,928
Commission paid 806,171 1,058,934 1,290,032
Net claims cost 12,707,379 15,090,927 18,247,851
Unallocated employees expenses 103,566 117,875 112,421
Depreciation and amortization 52,970 52,796 53,954
Unallocated administrative and general expenses 139,968 137,608 130,324
Impairment of receivables and notes receivable 300,000 50,000 0
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 35,565 44,818 12,627
Total expenses 13,339,448 15,494,024 18,557,177
Income before tax and fees 1,061,515 510,925 -966,106
Income tax 138,353 49,754 -64,056
Board of Directors Remuniration 35,000 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 888,162 461,171 -902,050
Non controlling interest 0 0 0
Income pertaining to company's stockholders 888,162 461,171 -902,050

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 3,066,057 4,178,968 1,458,001
Net Cash Flow from (Used in) Operating Activities -698,314 -1,029,931 -688,351
Net Cash Flow from (Used in) Investing Activities 975,947 -82,980 3,889,318
Net Cash Flow from (Used in) Financing Activities 0 0 -480,000
Cash Balance (Ending) 3,343,690 3,066,057 4,178,968

Financial Ratios

2020 2019 2018
Turnover Ratio % 7.120 0.090 1.480
Earning Per Share (JD) 0.110 0.060 -0.110
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 1.170 1.140 1.080
Price Earnings Ratio (Times) 10.090 20.120 -10.290
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) 0.950 1.020 1.070
Return On Assets % 3.310 1.720 -3.400
Return On Equity % 9.460 5.080 -10.410
Loss Ratio 0.830 0.880 0.970
Operating Profit Margin 0.050 -0.010 -0.080
Retention Ratio 0.630 0.690 0.740
Net Realized Premiums to Shareholders Equity % 118.690 140.100 180.250
Net Technical Reserves to Net Realized Premiums % 109.780 100.620 82.830
Debt Ratio % 65.050 66.120 67.310
Equity Ratio % 34.950 33.880 32.690
Total Assets Turnover(Times) 0.440 0.500 0.570
Fixed Assets Turnover (Times) 20.080 22.020 23.900