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Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.67 1.13 0.55
Value Traded (JD) 293,239 8,102,936 4,556,569
No. of Shares Traded 437,958 11,873,599 8,379,033
No. of Transactions 29 615 531
No. of Subscribed Shares 9,500,000 9,500,000 9,500,000
Market Capitalization (JD) 6,365,000 10,735,000 5,225,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Deposits at banks 8,620,508 7,298,848 7,598,652
Financial Assets at Fair Value Through Profit 43,586 130,338 80,258
Financial Assets at Fair Value Through Other Comprehensive Income 602,175 602,175 300,000
Financial Assets at Amortized Cost 0 0 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 581,975 592,847 603,719
Lending 0 0 0
Other Investments 0 0 0
Total Investments 9,848,244 8,624,208 8,582,629
Cash on hand and at banks 3,318 335,259 62,811
Deferred asset tax 1,247,580 1,347,238 1,435,247
Property & equipments 4,613,393 4,630,878 4,670,541
Intangible assets 50,088 53,227 54,507
Other Assets 1,150,148 749,395 742,874
Total Assets 26,199,095 22,101,879 20,200,380

Liabilities (JD)

2019 2018 2017
Net Unearned Premium Provision 7,911,710 6,376,722 4,847,185
Net Outstanding Claims Provision 5,047,533 4,671,580 5,515,770
Net Mathematical Provision 3,024 52,286 14,318
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 12,962,267 11,100,588 10,377,273
Banks Credits 0 0 0
Accounts Payable 1,208,025 906,345 2,075,897
Accrued expenses 81,366 76,636 57,878
Different provisions 0 0 0
Income tax provision 28,488 0 0
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 2,298,213 827,546 1,112,561
Total Liabilities 18,070,353 14,990,537 13,623,609

Shareholders Equity (JD)

2019 2018 2017
Authorized capital 9,500,000 9,500,000 9,500,000
Paid in capital 9,500,000 9,500,000 9,500,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 3,466,722 3,760,765 3,760,765
Compulsory Reserves 1,179,816 1,065,261 991,414
Voluntary Reserve 241,912 12,803 12,803
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 0 0 0
Retained Earnings 673,736 294,043 -166,681
Total Shareholders Equity 8,128,742 7,111,342 6,576,771
Non-controlling interest 0 0 0
Total equity 8,128,742 7,111,342 6,576,771
Total Liabilities & Shareholders Equity 26,199,095 22,101,879 20,200,380

Income Statement (JD)

2019 2018 2017
Revenues
Total written premiums 21,701,087 17,031,676 14,523,847
Reinsurance share 4,747,143 3,290,177 2,741,626
Net written premiums 16,953,944 13,741,499 11,782,221
Net Change of unearned premiums provision -1,534,988 -1,529,537 -215,759
Net change of mathematical provision 49,264 -37,968 21,519
Net earned of written premiums 15,468,220 12,173,994 11,587,981
Commission received 311,807 312,343 286,450
Issuing fees 809,321 543,662 415,244
Investments income attributable to underwriting 0 0 0
Interest revenue 422,552 336,535 315,201
Gains (losses) from Financial assets and investments 7,121 117,997 42,419
Other revenues 32,770 5,897 -51
Total revenues 17,626,739 13,845,291 12,916,713
Claims, Losses and Expenses
Claims paid 16,301,045 13,425,780 11,653,658
Maturity and Surrender of polices 0 0 0
Subrogation 1,676,254 1,363,192 1,323,510
Reinsurance share 3,053,353 1,945,374 1,798,187
Net claims paid 11,571,438 10,117,214 8,531,961
Net change of outstanding claims provision 375,953 -844,190 25,882
Allocated employees expenses 1,063,824 977,595 707,909
Allocated administrative and general expenses 391,052 382,134 219,599
Excess of loss premium 191,415 180,010 173,291
Commission paid 815,682 756,373 584,464
Net claims cost 15,165,163 12,131,029 11,122,977
Unallocated employees expenses 890,956 694,401 698,298
Depreciation and amortization 107,374 105,130 124,947
Unallocated administrative and general expenses 97,700 95,534 179,672
Impairment of receivables and notes receivable 122,800 80,290 132,704
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 97,200 433 31,122
Total expenses 16,481,193 13,106,817 12,289,720
Income before tax and fees 1,145,546 738,474 626,993
Income tax 128,146 88,009 36,102
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 1,017,400 650,465 590,891
Non controlling interest 0 0 0
Income pertaining to company's stockholders 1,017,400 650,465 590,891

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 7,309,107 7,336,463 6,659,974
Net Cash Flow from (Used in) Operating Activities 1,070,855 25,222 801,540
Net Cash Flow from (Used in) Investing Activities -81,136 -52,578 -125,051
Net Cash Flow from (Used in) Financing Activities 0 0 0
Cash Balance (Ending) 8,298,826 7,309,107 7,336,463

Financial Ratios

2019 2018 2017
Turnover Ratio % 4.610 124.990 88.200
Earning Per Share (JD) 0.110 0.070 0.060
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.860 0.750 0.690
Price Earnings Ratio (Times) 6.260 16.500 8.840
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) 0.780 1.510 0.790
Return On Assets % 3.880 2.940 2.930
Return On Equity % 12.520 9.150 8.980
Loss Ratio 0.770 0.760 0.740
Operating Profit Margin 0.090 0.070 0.100
Retention Ratio 0.780 0.810 0.810
Net Realized Premiums to Shareholders Equity % 208.570 193.230 179.150
Net Technical Reserves to Net Realized Premiums % 76.460 80.780 88.080
Debt Ratio % 68.970 67.820 67.440
Equity Ratio % 31.030 32.180 32.560
Total Assets Turnover(Times) 0.590 0.550 0.570
Fixed Assets Turnover (Times) 3.350 2.630 2.480