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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.29 1.24 1.18
Value Traded (JD) 6,891 54,825 44,112
No. of Shares Traded 4,665 49,799 41,197
No. of Transactions 12 19 20
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 10,320,000 9,920,000 9,440,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 20,491,534 19,527,430 17,614,117
Financial Assets at Fair Value Through Profit 974,009 814,656 580,426
Financial Assets at Fair Value Through Other Comprehensive Income 0 0 0
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 876,614 879,227 863,354
Lending 0 0 0
Other Investments 0 0 0
Total Investments 22,342,157 21,221,313 19,057,897
Cash on hand and at banks 394,361 76,377 39,428
Deferred asset tax 1,179,483 906,752 735,676
Property & equipments 3,072,586 3,128,964 3,241,613
Intangible assets 11,875 10,065 28,695
Other Assets 313,984 498,030 529,751
Total Assets 36,387,824 34,709,379 30,594,829

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 9,421,034 9,009,815 8,824,270
Net Outstanding Claims Provision 8,180,269 7,293,820 6,442,171
Net Mathematical Provision 91,829 100,484 71,768
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 17,693,132 16,404,119 15,338,209
Banks Credits 1,036,710 1,655,646 939,928
Accounts Payable 2,939,868 2,679,926 1,982,242
Accrued expenses 0 0 0
Different provisions 354,263 303,933 211,200
Income tax provision 282,734 225,479 176,546
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 718,259 637,570 569,259
Total Liabilities 25,115,439 24,116,116 20,092,898

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 1,467,751 1,342,268 1,249,375
Voluntary Reserve 15,676 15,676 15,676
Special reserve 0 0 0
Cash Dividends 600,000 320,000 400,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 0 0 0
Retained Earnings 1,188,958 915,319 836,880
Total Shareholders Equity 11,272,385 10,593,263 10,501,931
Non-controlling interest 0 0 0
Total equity 11,272,385 10,593,263 10,501,931
Total Liabilities & Shareholders Equity 36,387,824 34,709,379 30,594,829

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 29,647,991 28,610,731 22,760,233
Reinsurance share 5,753,396 6,355,568 3,947,611
Net written premiums 23,894,595 22,255,163 18,812,622
Net Change of unearned premiums provision -411,219 -185,545 -1,448,101
Net change of mathematical provision 8,655 -28,716 -24,246
Net earned of written premiums 23,492,031 22,040,902 17,340,275
Commission received 361,677 359,229 295,438
Issuing fees 864,911 822,004 588,683
Investments income attributable to underwriting 0 0 0
Interest revenue 1,288,294 1,114,429 820,524
Gains (losses) from Financial assets and investments 213,418 -51,168 64,088
Other revenues 0 0 0
Total revenues 26,707,124 24,708,788 19,519,866
Claims, Losses and Expenses
Claims paid 24,470,944 22,013,263 19,171,884
Maturity and Surrender of polices 0 0 0
Subrogation 2,496,659 2,552,759 2,234,975
Reinsurance share 2,391,768 1,255,720 2,202,704
Net claims paid 19,582,517 18,204,784 14,734,205
Net change of outstanding claims provision 886,449 851,649 -166,563
Allocated employees expenses 1,713,671 1,575,154 1,528,173
Allocated administrative and general expenses 751,908 710,757 576,498
Excess of loss premium 224,355 244,646 233,450
Commission paid 955,059 901,333 779,197
Net claims cost 24,693,004 23,093,993 18,152,829
Unallocated employees expenses 210,076 194,145 189,214
Depreciation and amortization 125,673 154,642 158,153
Unallocated administrative and general expenses 187,977 177,689 144,124
Impairment of receivables and notes receivable 188,417 70,618 2,320
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 47,147 88,775 28,904
Total expenses 25,452,294 23,779,862 18,675,544
Income before tax and fees 1,254,830 928,926 844,322
Income tax 234,708 201,026 190,088
Board of Directors Remuniration 21,000 32,000 29,000
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 999,122 695,900 625,234
Non controlling interest 0 0 0
Income pertaining to company's stockholders 999,122 695,900 625,234

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 9,018,013 2,918,660 3,302,019
Net Cash Flow from (Used in) Operating Activities 2,287,512 1,692,887 1,045,746
Net Cash Flow from (Used in) Investing Activities -7,026,171 4,090,748 -1,521,969
Net Cash Flow from (Used in) Financing Activities -938,936 315,718 92,864
Cash Balance (Ending) 3,340,418 9,018,013 2,918,660

Financial Ratios

2019 2018 2017
Turnover Ratio % 0.060 0.620 0.510
Earning Per Share (JD) 0.120 0.090 0.080
Dividend Per Share (JD) 0.080 0.040 0.050
Book Value Per Share (JD) 1.410 1.320 1.310
Price Earnings Ratio (Times) 10.330 14.250 15.100
Dividend Yield % 5.810 3.230 4.240
Dividend Per Share to Earning Per Share % 60.050 45.980 63.980
Price to Book Value (Times) 0.920 0.940 0.900
Return On Assets % 2.750 2.000 2.040
Return On Equity % 8.860 6.570 5.950
Loss Ratio 0.870 0.860 0.840
Operating Profit Margin 0.020 0.020 0.020
Retention Ratio 0.810 0.780 0.830
Net Realized Premiums to Shareholders Equity % 211.970 210.090 179.130
Net Technical Reserves to Net Realized Premiums % 74.050 73.710 81.530
Debt Ratio % 69.020 69.480 65.670
Equity Ratio % 30.980 30.520 34.330
Total Assets Turnover(Times) 0.650 0.640 0.570
Fixed Assets Turnover (Times) 7.650 7.040 5.350