Menu

AL-MANARA INSURANCE PLC.CO. Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.46 0.53 0.42
Value Traded (JD) 696,421 2,470,083 136,455
No. of Shares Traded 1,669,037 5,935,375 405,303
No. of Transactions 136 133 37
No. of Subscribed Shares 5,000,000 5,000,000 5,000,000
Market Capitalization (JD) 2,300,000 2,650,000 2,100,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 4,971,088 4,811,388 6,975,076
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 518,616 547,670 562,526
Financial Assets at Amortized Cost 234,179 234,179 311,872
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 1,231,586 1,231,586 1,231,586
Lending 0 0 0
Other Investments 0 0 0
Total Investments 6,955,469 6,824,823 9,081,060
Cash on hand and at banks 1,161,278 526,130 299,808
Receivable notes & post−dated cheques 656,340 642,768 641,548
Deferred asset tax 1,130,757 1,240,293 1,089,665
Property & equipments 2,173,787 2,221,962 2,001,384
Intangible assets 0 0 0
Other Assets 318,055 327,475 312,904
Total Assets 15,104,428 13,762,757 15,432,410

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 2,633,524 2,543,147 3,463,846
Net Outstanding Claims Provision 3,834,735 5,108,404 5,313,843
Net Mathematical Provision 0 0 0
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 6,468,259 7,651,551 8,777,689
Banks Credits 0 0 0
Accounts Payable 2,267,102 828,349 549,592
Accrued expenses 0 0 0
Different provisions 70,905 122,434 165,714
Income tax provision 0 0 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 1,231,515 860,822 1,006,655
Total Liabilities 11,607,554 10,642,467 11,414,914

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 5,000,000 5,000,000 5,000,000
Paid in capital 5,000,000 5,000,000 5,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 51,517 530,874 530,874
Voluntary Reserve 0 17,684 17,684
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 -512,340 -483,286 -541,292
Retained Earnings -1,042,303 -1,944,982 -989,770
Total Shareholders Equity 3,496,874 3,120,290 4,017,496
Non-controlling interest 0 0 0
Total equity 3,496,874 3,120,290 4,017,496
Total Liabilities & Shareholders Equity 15,104,428 13,762,757 15,432,410

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 8,822,367 8,332,999 9,799,866
Reinsurance share 1,993,118 1,615,407 1,896,879
Net written premiums 6,829,249 6,717,592 7,902,987
Net Change of unearned premiums provision -90,377 920,699 -972,117
Net change of mathematical provision 0 0 0
Net earned of written premiums 6,738,872 7,638,291 6,930,870
Commission received 166,894 180,700 219,186
Issuing fees 342,949 393,800 454,650
Investments income attributable to underwriting 0 0 0
Other revenues related to underwriting 280,538 232,374 190,486
Interest revenue 313,941 308,956 276,195
Gains (losses) from Financial assets and investments 63,211 72,688 144,930
Other revenues 18,542 345,869 -2,267
Total revenues 7,924,947 9,172,678 8,214,050
Claims, Losses and Expenses
Claims paid 10,208,811 9,877,377 8,819,925
Maturity and Surrender of polices 0 0 0
Subrogation 613,508 649,315 549,491
Reinsurance share 3,466,763 1,544,904 1,413,561
Net claims paid 6,128,540 7,683,158 6,856,873
Net change of outstanding claims provision -1,273,669 -205,438 -836,719
Allocated employees expenses 860,328 896,764 1,033,425
Allocated administrative and general expenses 314,901 368,701 381,351
Excess of loss premium 241,912 207,816 227,425
Commission paid 419,470 443,217 447,428
Other expenses related to underwriting 207,808 189,495 183,902
Net claims cost 6,899,290 9,583,713 8,293,685
Unallocated employees expenses 215,082 224,191 258,356
Depreciation and amortization 79,496 78,505 87,604
Unallocated administrative and general expenses 78,725 92,175 95,338
Impairment of receivables and notes receivable 133,406 273,634 403,359
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 3,774 13,682 14,295
Total expenses 7,409,773 10,265,900 9,152,637
Income before tax and fees 515,174 -1,093,222 -938,587
Income tax 109,536 -147,957 51,183
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 405,638 -945,265 -989,770
Non controlling interest 0 0 0
Income pertaining to company's stockholders 405,638 -945,265 -989,770

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 793,436 1,015,645 638,057
Net Cash Flow from (Used in) Operating Activities 512,388 -2,330,355 -1,324,446
Net Cash Flow from (Used in) Investing Activities 98,999 2,108,146 1,702,034
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 1,404,823 793,436 1,015,645

Financial Ratios

2019 2018 2017
Turnover Ratio % 33.380 118.710 8.110
Earning Per Share (JD) 0.080 -0.190 -0.200
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.700 0.620 0.800
Price Earnings Ratio (Times) 5.670 -2.800 -2.120
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) 0.660 0.850 0.520
Return On Assets % 2.690 -6.870 -6.410
Return On Equity % 11.600 -30.290 -24.640
Loss Ratio 0.720 0.980 0.870
Operating Profit Margin 0.070 -0.140 -0.050
Retention Ratio 0.770 0.810 0.810
Net Realized Premiums to Shareholders Equity % 195.300 215.290 196.710
Net Technical Reserves to Net Realized Premiums % 94.710 113.900 111.070
Debt Ratio % 76.850 77.330 73.970
Equity Ratio % 23.150 22.670 26.030
Total Assets Turnover(Times) 0.450 0.550 0.450
Fixed Assets Turnover (Times) 3.100 3.440 3.460