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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) 0.67 0.64 0.66
Value Traded (JD) 453 3,210 22,803
No. of Shares Traded 698 5,089 29,809
No. of Transactions 2 21 44
No. of Subscribed Shares 4,000,000 4,000,000 4,000,000
Market Capitalization (JD) 2,680,000 2,560,000 2,640,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Deposits at banks 1,401,561 3,704,858 6,487,521
Financial Assets at Fair Value Through Profit 11,189 12,757 15,172
Financial Assets at Fair Value Through Other Comprehensive Income 175,448 411,490 408,922
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 0 0 0
Lending 0 0 0
Other Investments -11,186 -11,186 -11,186
Total Investments 1,599,384 4,140,291 6,922,801
Cash on hand and at banks 466,862 225,851 155,543
Deferred asset tax 417,000 417,000 0
Property & equipments 242,070 252,368 263,791
Intangible assets 1,312 1,939 1,377
Other Assets 2,504,683 1,353,893 213,681
Total Assets 7,984,715 8,899,329 10,266,144

Liabilities (JD)

2020 2019 2018
Net Unearned Premium Provision 1,486,403 1,885,189 2,552,984
Net Outstanding Claims Provision 2,776,668 2,598,245 2,172,839
Net Mathematical Provision 0 0 0
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 4,263,071 4,483,434 4,725,823
Banks Credits 0 0 0
Accounts Payable 444,751 358,158 387,531
Accrued expenses 142,308 4,647 35,360
Different provisions 36,516 36,516 36,516
Income tax provision 0 0 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 610,228 1,074,558 525,777
Total Liabilities 5,913,500 6,352,281 6,153,957

Shareholders Equity (JD)

2020 2019 2018
Authorized capital 4,000,000 4,000,000 4,000,000
Paid in capital 4,000,000 4,000,000 4,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 785,507 784,773 784,108
Voluntary Reserve 0 0 0
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 -269,542 -95,163 -97,731
Retained Earnings -2,444,750 -2,142,562 -574,190
Total Shareholders Equity 2,071,215 2,547,048 4,112,187
Non-controlling interest 0 0 0
Total equity 2,071,215 2,547,048 4,112,187
Total Liabilities & Shareholders Equity 7,984,715 8,899,329 10,266,144

Income Statement (JD)

2020 2019 2018
Revenues
Total written premiums 4,601,134 6,277,581 7,289,136
Reinsurance share 266,722 747,595 872,980
Net written premiums 4,334,412 5,529,986 6,416,156
Net Change of unearned premiums provision 398,785 667,795 763,919
Net change of mathematical provision 0 0 0
Net earned of written premiums 4,733,197 6,197,781 7,180,075
Commission received 67,478 45,149 40,703
Issuing fees 139,305 209,623 230,489
Investments income attributable to underwriting 0 0 0
Interest revenue 38,750 133,595 170,867
Gains (losses) from Financial assets and investments -1,568 2,015 2,590
Other revenues 41,280 674 2,160
Total revenues 5,237,081 6,776,670 7,789,812
Claims, Losses and Expenses
Claims paid 4,770,843 7,386,027 7,161,047
Maturity and Surrender of polices 0 0 0
Subrogation 131,848 160,240 193,114
Reinsurance share 666,843 623,516 638,218
Net claims paid 3,972,152 6,602,271 6,329,715
Net change of outstanding claims provision 178,423 425,406 97,330
Allocated employees expenses 588,958 585,336 544,978
Allocated administrative and general expenses 331,336 263,214 310,140
Excess of loss premium 173,652 224,801 160,585
Commission paid 216,719 408,586 324,671
Net claims cost 5,493,556 8,525,784 7,768,114
Unallocated employees expenses 147,240 146,334 136,245
Depreciation and amortization 13,818 15,810 16,160
Unallocated administrative and general expenses 82,834 65,804 77,535
Impairment of receivables and notes receivable 0 0 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 15,000 7,645 12,794
Total expenses 5,752,448 8,761,377 8,010,848
Income before tax and fees -515,367 -1,984,707 -221,036
Income tax 0 -417,000 1,636
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 -515,367 -1,567,707 -222,672
Non controlling interest 0 0 0
Income pertaining to company's stockholders -515,367 -1,567,707 -222,672

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 3,705,709 6,418,064 6,864,507
Net Cash Flow from (Used in) Operating Activities -2,318,097 -2,707,406 -423,153
Net Cash Flow from (Used in) Investing Activities 255,811 -4,949 -23,290
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 1,643,423 3,705,709 6,418,064

Financial Ratios

2020 2019 2018
Turnover Ratio % 0.020 0.130 0.750
Earning Per Share (JD) -0.130 -0.390 -0.060
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.520 0.640 1.030
Price Earnings Ratio (Times) -5.200 -1.630 -11.860
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) 1.290 1.010 0.640
Return On Assets % -6.450 -17.620 -2.170
Return On Equity % -24.880 -61.550 -5.410
Loss Ratio 0.880 1.130 0.900
Operating Profit Margin -0.070 -0.300 -0.020
Retention Ratio 0.940 0.880 0.880
Net Realized Premiums to Shareholders Equity % 209.270 217.110 156.030
Net Technical Reserves to Net Realized Premiums % 98.350 81.070 73.660
Debt Ratio % 74.060 71.380 59.940
Equity Ratio % 25.940 28.620 40.060
Total Assets Turnover(Times) 0.590 0.700 0.700
Fixed Assets Turnover (Times) 19.550 24.560 27.220