ARABIA INSURANCE COMPANY - JORDAN Financial
Trading Information
2019 | 2018 | 2017 | |
---|---|---|---|
Par Value/Share (JD) | 1.00 | 1.00 | 1.00 |
Closing Price (JD) | 0.61 | 0.54 | 0.77 |
Value Traded (JD) | 43,601 | 22,336 | 35,974 |
No. of Shares Traded | 71,087 | 35,483 | 46,358 |
No. of Transactions | 127 | 87 | 102 |
No. of Subscribed Shares | 8,000,000 | 8,000,000 | 8,000,000 |
Market Capitalization (JD) | 4,880,000 | 4,320,000 | 6,160,000 |
Fiscal Year Ended | 31/12/2019 | 31/12/2018 | 31/12/2017 |
Assets (JD)
2019 | 2018 | 2017 | |
---|---|---|---|
Deposits at banks | 8,001,953 | 7,764,215 | 8,101,822 |
Financial Assets at Fair Value Through Profit | 1,103,375 | 1,215,317 | 1,322,935 |
Financial Assets at Fair Value Through Other Comprehensive Income | 2,078,070 | 2,415,212 | 2,585,066 |
Financial Assets at Amortized Cost | 1,131,314 | 1,359,701 | 1,562,159 |
Investments in subsidiaries | 0 | 0 | 0 |
Investments in associates | 0 | 0 | 0 |
Property investments | 2,123,415 | 2,176,695 | 2,229,975 |
Lending | 13,216 | 19,971 | 21,608 |
Other Investments | 0 | 0 | 0 |
Total Investments | 14,451,343 | 14,951,111 | 15,823,565 |
Cash on hand and at banks | 548,396 | 960,575 | 705,862 |
Receivable notes & post−dated cheques | 1,705,836 | 3,222,331 | 1,368,890 |
Accounts receivable | 3,237,987 | 3,611,983 | 5,272,348 |
Reinsurance account receivables | 1,705,855 | 2,000,385 | 1,554,085 |
Deferred asset tax | 1,005,911 | 783,913 | 544,038 |
Property & equipments | 2,355,619 | 2,486,535 | 2,619,736 |
Intangible assets | 125,248 | 143,486 | 100,214 |
Other Assets | 2,657,345 | 1,447,849 | 865,395 |
Total Assets | 27,793,540 | 29,608,168 | 28,854,133 |
Liabilities (JD)
2019 | 2018 | 2017 | |
---|---|---|---|
Net Unearned Premium Provision | 5,862,940 | 6,690,545 | 6,427,109 |
Net Outstanding Claims Provision | 6,388,906 | 6,826,710 | 7,423,072 |
Net Mathematical Provision | 535,055 | 517,216 | 635,736 |
Other Technical Provisions | 0 | 0 | 0 |
Total insurance contracts liabilities | 12,786,901 | 14,034,471 | 14,485,917 |
Banks Credits | 0 | 0 | 0 |
Accounts Payable | 1,331,323 | 2,020,726 | 1,205,524 |
Accrued expenses | 56,552 | 49,792 | 40,270 |
Reinsurance account payable | 2,511,407 | 2,855,514 | 2,078,065 |
Different provisions | 19,308 | 13,008 | 85,653 |
Income tax provision | 0 | 0 | 26,788 |
Loans | 0 | 0 | 0 |
Differed tax liabilities | 557,687 | 267,451 | 150,337 |
Loans support | 0 | 0 | 0 |
Other liabilities | 226,356 | 257,392 | 256,320 |
Total Liabilities | 17,489,534 | 19,498,354 | 18,328,874 |
Income Statement (JD)
2019 | 2018 | 2017 | |
---|---|---|---|
Revenues | |||
Total written premiums | 21,026,964 | 23,070,306 | 21,303,538 |
Reinsurance share | 8,050,879 | 8,336,635 | 7,620,074 |
Net written premiums | 12,976,085 | 14,733,671 | 13,683,464 |
Net Change of unearned premiums provision | 827,605 | -263,436 | -757,652 |
Net change of mathematical provision | -17,839 | 118,520 | -66,853 |
Net earned of written premiums | 13,785,851 | 14,588,755 | 12,858,959 |
Commission received | 836,276 | 999,902 | 868,045 |
Issuing fees | 847,318 | 973,790 | 925,078 |
Investments income attributable to underwriting | 0 | 0 | 0 |
Other revenues related to underwriting | 0 | 0 | 0 |
Interest revenue | 550,114 | 509,044 | 416,988 |
Gains (losses) from Financial assets and investments | 122,372 | 104,797 | 176,875 |
Other revenues | 148,028 | 252,577 | 275,696 |
Total revenues | 16,289,959 | 17,428,865 | 15,521,641 |
Claims, Losses and Expenses | |||
Claims paid | 19,781,537 | 19,954,011 | 15,910,283 |
Maturity and Surrender of polices | 79,849 | 118,862 | 94,273 |
Subrogation | 2,080,929 | 2,318,366 | 1,904,986 |
Reinsurance share | 5,068,190 | 4,722,027 | 3,985,251 |
Net claims paid | 12,712,267 | 13,032,480 | 10,114,319 |
Net change of outstanding claims provision | -1,554,097 | -998,614 | 297,484 |
Allocated employees expenses | 1,341,694 | 1,320,073 | 1,223,252 |
Allocated administrative and general expenses | 501,903 | 527,999 | 494,586 |
Excess of loss premium | 126,538 | 195,135 | 200,258 |
Commission paid | 1,308,961 | 2,060,912 | 1,792,253 |
Other expenses related to underwriting | 376,729 | 322,952 | 199,569 |
Net claims cost | 14,813,995 | 16,460,937 | 14,321,721 |
Unallocated employees expenses | 335,423 | 330,018 | 305,813 |
Depreciation and amortization | 155,780 | 144,425 | 143,345 |
Unallocated administrative and general expenses | 125,475 | 132,000 | 147,780 |
Impairment of receivables and notes receivable | 360,965 | 44,511 | 47,827 |
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 | 0 | 0 | 0 |
Total expenses | 15,791,638 | 17,111,891 | 14,966,486 |
Income before tax and fees | 498,321 | 316,974 | 555,155 |
Income tax | 137,450 | 12,075 | 104,291 |
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 | 360,871 | 304,899 | 450,864 |
Non controlling interest | 0 | 0 | 0 |
Income pertaining to company's stockholders | 360,871 | 304,899 | 450,864 |
Cash Flow (JD)
2019 | 2018 | 2017 | |
---|---|---|---|
Cash Balance (Beginning) | 6,696,200 | 6,101,449 | 7,101,303 |
Net Cash Flow from (Used in) Operating Activities | -430,106 | 230,867 | 2,266 |
Net Cash Flow from (Used in) Investing Activities | -3,475,715 | 683,884 | -421,897 |
Net Cash Flow from (Used in) Financing Activities | 0 | -320,000 | -580,223 |
Cash Balance (Ending) | 2,790,379 | 6,696,200 | 6,101,449 |
Financial Ratios
2019 | 2018 | 2017 | |
---|---|---|---|
Turnover Ratio % | 0.890 | 0.440 | 0.580 |
Earning Per Share (JD) | 0.050 | 0.040 | 0.060 |
Dividend Per Share (JD) | 0.000 | 0.000 | 0.040 |
Book Value Per Share (JD) | 1.290 | 1.260 | 1.320 |
Price Earnings Ratio (Times) | 13.520 | 14.170 | 13.660 |
Dividend Yield % | 0.000 | 0.000 | 5.190 |
Dividend Per Share to Earning Per Share % | 0.000 | 0.000 | 70.970 |
Price to Book Value (Times) | 0.470 | 0.430 | 0.590 |
Return On Assets % | 1.300 | 1.030 | 1.560 |
Return On Equity % | 3.500 | 3.020 | 4.280 |
Loss Ratio | 0.810 | 0.820 | 0.810 |
Operating Profit Margin | 0.040 | 0.020 | 0.030 |
Retention Ratio | 0.620 | 0.640 | 0.640 |
Net Realized Premiums to Shareholders Equity % | 125.930 | 145.740 | 130.010 |
Net Technical Reserves to Net Realized Premiums % | 98.540 | 95.250 | 105.860 |
Debt Ratio % | 62.930 | 65.850 | 63.520 |
Equity Ratio % | 37.070 | 34.150 | 36.480 |
Total Assets Turnover(Times) | 0.500 | 0.490 | 0.450 |
Fixed Assets Turnover (Times) | 5.850 | 5.870 | 4.910 |