Menu

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.55 1.59 1.70
Value Traded (JD) 25,200 17,540 16,906
No. of Shares Traded 15,936 10,660 9,894
No. of Transactions 31 28 41
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 12,400,000 12,720,000 13,600,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 19,950,915 19,618,616 20,256,812
Financial Assets at Fair Value Through Profit 1,444,270 998,139 1,235,544
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Financial Assets at Amortized Cost 3,446,884 3,092,578 3,097,000
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 952,962 953,493 954,025
Lending 48,204 71,185 89,427
Other Investments 0 0 0
Total Investments 25,843,235 24,734,011 25,632,808
Cash on hand and at banks 510,668 407,490 543,579
Deferred asset tax 1,208,797 1,038,537 987,946
Property & equipments 768,578 791,045 824,761
Intangible assets 194,769 264,169 293,755
Other Assets 685,979 646,169 594,057
Total Assets 35,999,059 35,188,488 36,111,485

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 8,211,476 6,389,825 6,896,324
Net Outstanding Claims Provision 9,071,559 9,452,790 10,637,078
Net Mathematical Provision 350,000 350,000 350,000
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 17,633,035 16,192,615 17,883,402
Banks Credits 0 0 0
Accounts Payable 1,317,719 1,777,276 1,752,493
Accrued expenses 24,151 15,786 46,221
Different provisions 329,933 283,363 227,485
Income tax provision 307,780 180,815 116,038
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 264,099 430,951 322,743
Total Liabilities 21,911,869 21,430,610 22,504,662

Shareholders Equity (JD)

2019 2018 2017
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 2,089,651 2,089,651 2,089,651
Voluntary Reserve 1,668,538 1,668,538 1,668,538
Special reserve 0 0 0
Cash Dividends 960,000 880,000 800,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings 1,369,001 1,117,661 1,046,669
Total Shareholders Equity 14,087,190 13,755,850 13,604,858
Non-controlling interest 0 2,028 1,965
Total equity 14,087,190 13,757,878 13,606,823
Total Liabilities & Shareholders Equity 35,999,059 35,188,488 36,111,485

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 20,865,646 19,098,682 18,485,713
Reinsurance share 3,576,573 4,107,107 3,666,428
Net written premiums 17,289,073 14,991,575 14,819,285
Net Change of unearned premiums provision -1,821,651 506,499 -200,749
Net change of mathematical provision 0 0 0
Net earned of written premiums 15,467,422 15,498,074 14,618,536
Commission received 954,336 889,645 1,061,972
Issuing fees 958,384 862,059 614,765
Investments income attributable to underwriting 577 0 0
Interest revenue 1,391,419 1,325,567 1,159,679
Gains (losses) from Financial assets and investments 177,212 81,973 72,895
Other revenues 22,192 42,160 146
Total revenues 19,173,527 18,927,266 17,650,603
Claims, Losses and Expenses
Claims paid 19,130,481 17,786,218 14,594,368
Maturity and Surrender of polices 0 0 0
Subrogation 3,290,723 3,008,811 1,826,033
Reinsurance share 2,531,925 636,690 895,246
Net claims paid 13,307,833 14,140,717 11,873,089
Net change of outstanding claims provision -381,231 -1,184,288 180,221
Allocated employees expenses 1,802,435 1,874,237 1,765,147
Allocated administrative and general expenses 916,399 822,078 825,393
Excess of loss premium 178,369 209,500 224,089
Commission paid 837,012 801,914 975,433
Net claims cost 16,972,463 16,924,498 15,973,247
Unallocated employees expenses 255,897 278,777 271,651
Depreciation and amortization 180,945 172,734 163,952
Unallocated administrative and general expenses 140,572 124,618 123,341
Impairment of receivables and notes receivable -310 -1,217 4,795
Impairment of financial assets held to maturity 694 -77 0
Impairment of real estate investments 0 0 0
Impairment of property and equipment 0 0 0
Other expenses 50,619 20,843 25,000
Total expenses 17,600,880 17,520,176 16,561,986
Income before tax and fees 1,572,647 1,407,090 1,088,617
Income tax 284,146 331,036 243,011
Board of Directors Remuniration 45,000 45,000 45,000
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 1,243,501 1,031,054 800,606
Non controlling interest 0 63 52
Income pertaining to company's stockholders 1,243,501 1,030,991 800,554

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 5,622,088 4,166,794 410,227
Net Cash Flow from (Used in) Operating Activities 2,133,555 626 -70,277
Net Cash Flow from (Used in) Investing Activities -1,881,598 2,254,668 4,466,844
Net Cash Flow from (Used in) Financing Activities -880,000 -800,000 -640,000
Cash Balance (Ending) 4,994,045 5,622,088 4,166,794

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.200 0.130 0.120
Earning Per Share (JD) 0.160 0.130 0.100
Dividend Per Share (JD) 0.120 0.110 0.100
Book Value Per Share (JD) 1.760 1.720 1.700
Price Earnings Ratio (Times) 9.970 12.340 16.990
Dividend Yield % 7.740 6.920 5.880
Dividend Per Share to Earning Per Share % 77.200 85.350 99.930
Price to Book Value (Times) 0.880 0.920 1.000
Return On Assets % 3.450 2.930 2.220
Return On Equity % 8.830 7.490 5.880
Loss Ratio 0.840 0.840 0.820
Operating Profit Margin 0.030 0.030 0.020
Retention Ratio 0.830 0.780 0.800
Net Realized Premiums to Shareholders Equity % 122.730 108.980 108.930
Net Technical Reserves to Net Realized Premiums % 101.990 108.010 120.680
Debt Ratio % 60.870 60.900 62.320
Equity Ratio % 39.130 39.090 37.670
Total Assets Turnover(Times) 0.430 0.440 0.400
Fixed Assets Turnover (Times) 20.120 19.590 17.720