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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.16 1.16 1.20
Value Traded (JD) 5,958 164,396 110,656
No. of Shares Traded 7,132 118,517 95,580
No. of Transactions 19 21 79
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 9,280,000 9,280,000 9,600,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 7,784,091 10,242,422 10,694,663
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 3,636,513 3,440,376 3,522,956
Financial Assets at Amortized Cost 4,727,962 2,612,949 2,618,078
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 459,826 479,125 498,424
Lending 0 0 0
Other Investments 0 0 0
Total Investments 16,608,392 16,774,872 17,334,121
Cash on hand and at banks 318,811 260,548 115,253
Deferred asset tax 350,457 277,088 175,743
Property & equipments 614,708 632,845 656,428
Intangible assets 0 0 0
Other Assets 1,233,978 698,733 732,494
Total Assets 26,821,125 26,513,545 26,758,802

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 5,618,366 6,406,627 5,914,078
Net Outstanding Claims Provision 7,153,116 6,482,691 5,375,091
Net Mathematical Provision 38,088 52,700 48,487
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,809,570 12,942,018 11,337,656
Banks Credits 0 0 0
Accounts Payable 2,222,922 2,319,230 1,464,833
Accrued expenses 80,658 99,250 87,991
Different provisions 30,253 37,212 39,900
Income tax provision 32,147 14,130 70,074
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 1,612,802 1,301,942 1,445,929
Total Liabilities 17,734,650 17,845,365 16,451,480

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 1,356,991 1,305,481 1,305,481
Voluntary Reserve 311,000 311,000 311,000
Special reserve 0 0 0
Cash Dividends 0 0 480,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -962,630 -919,754 -703,957
Retained Earnings 381,114 -28,547 914,798
Total Shareholders Equity 9,086,475 8,668,180 10,307,322
Non-controlling interest 0 0 0
Total equity 9,086,475 8,668,180 10,307,322
Total Liabilities & Shareholders Equity 26,821,125 26,513,545 26,758,802

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 18,426,817 21,244,563 21,074,037
Reinsurance share 5,696,524 5,620,253 7,401,198
Net written premiums 12,730,293 15,624,310 13,672,839
Net Change of unearned premiums provision 788,261 -492,549 -599,414
Net change of mathematical provision 14,612 -4,213 2,993
Net earned of written premiums 13,533,166 15,127,548 13,076,418
Commission received 379,001 486,824 697,901
Issuing fees 729,368 904,672 840,550
Investments income attributable to underwriting 0 0 0
Interest revenue 755,349 703,938 530,757
Gains (losses) from Financial assets and investments 249,287 269,625 234,451
Other revenues 5,107 641 226,768
Total revenues 16,004,949 17,591,071 15,729,525
Claims, Losses and Expenses
Claims paid 17,754,997 19,950,698 16,854,922
Maturity and Surrender of polices 0 0 0
Subrogation 3,104,413 2,886,938 2,483,034
Reinsurance share 3,449,296 3,513,553 3,620,844
Net claims paid 11,201,288 13,550,207 10,751,044
Net change of outstanding claims provision 670,425 1,107,600 70,980
Allocated employees expenses 956,652 891,971 826,511
Allocated administrative and general expenses 494,621 521,298 464,738
Excess of loss premium 288,022 400,928 275,755
Commission paid 1,058,934 1,290,032 989,128
Net claims cost 15,090,927 18,247,851 13,896,612
Unallocated employees expenses 117,875 112,421 105,808
Depreciation and amortization 52,796 53,954 66,404
Unallocated administrative and general expenses 137,608 130,324 116,184
Impairment of receivables and notes receivable 50,000 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 44,818 12,627 16,056
Total expenses 15,494,024 18,557,177 14,201,064
Income before tax and fees 510,925 -966,106 1,528,461
Income tax 49,754 -64,056 280,290
Board of Directors Remuniration 0 0 31,667
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 461,171 -902,050 1,216,504
Non controlling interest 0 0 0
Income pertaining to company's stockholders 461,171 -902,050 1,216,504

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 4,178,968 1,458,001 2,623,847
Net Cash Flow from (Used in) Operating Activities -1,029,931 -688,351 953,999
Net Cash Flow from (Used in) Investing Activities -82,980 3,889,318 -1,319,845
Net Cash Flow from (Used in) Financing Activities 0 -480,000 -800,000
Cash Balance (Ending) 3,066,057 4,178,968 1,458,001

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.090 1.480 1.190
Earning Per Share (JD) 0.060 -0.110 0.150
Dividend Per Share (JD) 0.000 0.000 0.060
Book Value Per Share (JD) 1.140 1.080 1.290
Price Earnings Ratio (Times) 20.120 -10.290 7.890
Dividend Yield % 0.000 0.000 5.000
Dividend Per Share to Earning Per Share % 0.000 0.000 39.460
Price to Book Value (Times) 1.020 1.070 0.930
Return On Assets % 1.720 -3.400 4.550
Return On Equity % 5.080 -10.410 11.800
Loss Ratio 0.880 0.970 0.830
Operating Profit Margin -0.010 -0.080 0.040
Retention Ratio 0.690 0.740 0.650
Net Realized Premiums to Shareholders Equity % 140.100 180.250 132.650
Net Technical Reserves to Net Realized Premiums % 100.620 82.830 82.920
Debt Ratio % 66.120 67.310 61.480
Equity Ratio % 33.880 32.690 38.520
Total Assets Turnover(Times) 0.500 0.570 0.490
Fixed Assets Turnover (Times) 22.020 23.900 19.920