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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) 0.62 0.60 0.54
Value Traded (JD) 10,292,418 9,870,084 976,320
No. of Shares Traded 16,393,347 15,878,990 1,777,259
No. of Transactions 4,717 1,982 1,582
No. of Subscribed Shares 28,000,000 28,000,000 28,000,000
Market Capitalization (JD) 17,360,000 16,800,000 15,120,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 12,029,008 13,047,653 14,184,563
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 1,284,248 1,357,495 2,315,141
Financial Assets at Amortized Cost 6,367,385 6,529,087 6,917,520
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 6,717,485 6,769,324 6,821,022
Lending 0 0 0
Other Investments 0 0 0
Total Investments 26,398,126 27,703,559 30,238,246
Cash on hand and at banks 872,647 480,791 2,044,528
Deferred asset tax 820,274 639,626 416,168
Property & equipments 10,698,172 5,644,450 5,709,810
Intangible assets 933,802 939,698 79,509
Other Assets 853,477 4,785,765 3,061,136
Total Assets 59,366,035 60,736,133 60,053,311

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 8,671,680 8,857,812 7,992,599
Net Outstanding Claims Provision 7,241,710 6,154,320 6,067,564
Net Mathematical Provision 126,413 141,316 134,235
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 16,039,803 15,153,448 14,194,398
Banks Credits 0 0 0
Accounts Payable 2,044,461 2,998,694 1,765,597
Accrued expenses 54,887 63,659 76,248
Different provisions 47,258 58,244 45,000
Income tax provision 510,865 409,181 56,901
Loans 0 0 0
Differed tax liabilities 796 934 0
Loans support 0 0 0
Other liabilities 654,361 567,225 683,258
Total Liabilities 26,263,873 27,642,649 27,224,540

Shareholders Equity (JD)

2020 2019 2018
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 3,494,290 3,276,493 3,010,963
Voluntary Reserve 0 0 0
Special reserve 0 0 0
Cash Dividends 980,000 1,260,000 1,540,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -1,917,805 -1,715,994 -1,874,622
Retained Earnings 2,542,266 2,127,709 2,009,146
Total Shareholders Equity 33,098,751 32,948,208 32,685,487
Non-controlling interest 0 0 0
Total equity 33,102,162 33,093,484 32,828,771
Total Liabilities & Shareholders Equity 59,366,035 60,736,133 60,053,311

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 45,490,250 46,365,755 42,115,802
Reinsurance share 25,201,039 25,413,215 25,699,584
Net written premiums 20,289,211 20,952,540 16,416,218
Net Change of unearned premiums provision 186,132 -865,213 -200,239
Net change of mathematical provision 14,903 -7,081 -14,413
Net earned of written premiums 20,490,246 20,080,246 16,201,566
Commission received 3,287,162 3,184,773 3,360,708
Issuing fees 2,164,813 2,407,914 2,094,521
Share of policyholder from investments revenue 125,540 179,161 201,335
Share of policyholder from gains (losses) of financial assets and investments -43,939 -62,706 -70,467
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 26,023,822 25,789,388 21,787,663
Claims, Losses and Expenses
Claims paid 29,967,758 30,765,292 27,043,406
Maturity and Surrender of polices 0 0 0
Subrogation 2,558,554 1,658,566 1,581,014
Reinsurance share 11,873,796 12,103,562 11,632,123
Net claims paid 15,535,408 17,003,164 13,830,269
Net change of outstanding claims provision 1,127,468 146,572 -67,107
Allocated administrative and general expenses 6,362,370 6,319,438 6,051,354
Excess of loss premium 351,682 197,023 167,948
Commission paid 833,395 938,640 669,748
Net claims cost 25,505,968 25,713,012 21,581,458
Reserves of policyholders 0 0 0
Income tax 60,795 289,150 0
Impairment of receivables and notes receivable -450,000 -150,000 -29,006
Others -270,514 -213,534 -169,450
Net current of policyholders -141,865 1,992 7,749
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 6,362,370 6,319,438 6,051,354
Share of stockholders from investments revenue 448,457 622,341 575,455
Share of shareholders from gains (losses) of financial assets and investments 413,845 558,367 704,559
Share of Shareholders of the investment returns of insurance installments 0 0 0
Other revenues 219,809 114,390 74,328
Employees expenses -3,669,606 -3,581,174 -3,312,074
Depreciation and amortization -331,555 -199,979 -136,034
Administrative and general expenses -1,403,206 -1,265,910 -1,202,499
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 61,146 157,216 18,477
Totals 2,101,260 2,724,689 2,773,566
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 2,101,260 2,724,689 2,773,566
Income tax 488,906 441,418 68,362
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 1,612,354 2,283,271 2,705,204
Income pertaining to company's stockholders 1,612,354 2,283,271 2,705,204
Non controlling interest 0 0 0

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 10,145,079 9,043,753 9,017,804
Net Cash Flow from (Used in) Operating Activities 833,576 -370,616 2,562,059
Net Cash Flow from (Used in) Investing Activities -7,365,619 3,011,942 -1,136,110
Net Cash Flow from (Used in) Financing Activities -1,260,000 -1,540,000 -1,400,000
Cash Balance (Ending) 2,353,036 10,145,079 9,043,753

Financial Ratios

2020 2019 2018
Turnover Ratio % 58.550 56.710 6.350
Earning Per Share (JD) 0.060 0.080 0.100
Dividend Per Share (JD) 0.040 0.050 0.060
Book Value Per Share (JD) 1.180 1.180 1.170
Price Earnings Ratio (Times) 10.770 7.360 5.590
Dividend Yield % 5.650 7.500 10.190
Dividend Per Share to Earning Per Share % 0.610 0.550 0.570
Price to Book Value (Times) 0.520 0.510 0.460
Return On Assets % 2.720 3.760 4.500
Return On Equity % 4.870 6.930 8.280
Loss Ratio 0.810 0.850 0.850
Operating Profit Margin 0.010 0.000 0.000
Retention Ratio 0.450 0.450 0.390
Net Realized Premiums to Shareholders Equity % 61.300 63.590 50.220
Net Technical Reserves to Net Realized Premiums % 79.060 72.320 86.470
Debt Ratio % 44.240 45.510 45.330
Equity Ratio % 55.760 54.490 54.670
Total Assets Turnover(Times) 0.620 0.610 0.500
Fixed Assets Turnover (Times) 1.920 3.560 2.840