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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.63 1.82 1.39
Value Traded (JD) 28,505 182,753 1,444,483
No. of Shares Traded 16,939 134,289 1,054,531
No. of Transactions 21 54 44
No. of Subscribed Shares 8,000,000 8,000,000 8,000,000
Market Capitalization (JD) 13,040,000 14,560,000 11,120,000
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Deposits at banks 9,133,709 10,580,976 10,163,469
Financial Assets at Fair Value Through Profit 262,924 395,750 389,009
Financial Assets at Fair Value Through Other Comprehensive Income 5,814,405 5,189,554 5,086,386
Financial Assets at Amortized Cost 1,000,001 1 1
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 4,156,248 4,231,687 4,372,613
Lending 0 0 0
Other Investments 0 0 0
Total Investments 20,367,287 20,397,968 20,011,478
Cash on hand and at banks 1,099,313 1,117,064 428,818
Deferred asset tax 313,339 313,847 202,541
Property & equipments 5,578,769 5,823,388 5,873,490
Intangible assets 110,865 18,378 11,675
Other Assets 689,084 619,791 418,599
Total Assets 38,005,151 37,766,496 35,746,970

Liabilities (JD)

2017 2016 2015
Net Unearned Premium Provision 6,737,435 7,548,092 6,874,915
Net Outstanding Claims Provision 11,604,515 10,551,115 10,215,603
Net Mathematical Provision 233,818 57,538 246,440
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 18,575,768 18,156,745 17,336,958
Banks Credits 0 0 0
Accounts Payable 2,087,290 2,592,185 1,877,650
Accrued expenses 0 0 0
Different provisions 129,108 139,944 345,192
Income tax provision 28,549 361,520 344,887
Loans 0 0 0
Differed tax liabilities 90,226 159,643 143,123
Loans support 0 0 0
Other liabilities 350,427 301,488 338,288
Total Liabilities 24,102,250 24,093,167 22,491,260

Shareholders Equity (JD)

2017 2016 2015
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 41,507 41,507 41,507
Discount issuance 0 0 0
Compulsory Reserves 2,000,000 2,000,000 1,984,644
Voluntary Reserve 0 164,472 164,472
Special reserve 0 0 0
Cash Dividends 400,000 800,000 1,200,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value 200,655 415,619 363,313
Retained Earnings 3,260,739 2,251,731 1,501,774
Total Shareholders Equity 13,902,901 13,673,329 13,255,710
Non-controlling interest 0 0 0
Total equity 13,902,901 13,673,329 13,255,710
Total Liabilities & Shareholders Equity 38,005,151 37,766,496 35,746,970

Income Statement (JD)

2017 2016 2015
Revenues
Total written premiums 21,688,675 23,034,532 22,661,204
Reinsurance share 7,118,467 6,881,764 6,811,190
Net written premiums 14,570,208 16,152,768 15,850,014
Net Change of unearned premiums provision 810,657 -673,177 -212,803
Net change of mathematical provision -176,280 188,902 150,842
Net earned of written premiums 15,204,585 15,668,493 15,788,053
Commission received 519,204 414,569 479,300
Issuing fees 698,556 708,905 679,060
Investments income attributable to underwriting 0 0 0
Interest revenue 434,564 360,241 406,288
Gains (losses) from Financial assets and investments 322,150 823,054 320,786
Other revenues 250,733 60,919 66,822
Total revenues 17,429,792 18,036,181 17,740,309
Claims, Losses and Expenses
Claims paid 14,817,101 15,221,557 14,172,574
Maturity and Surrender of polices 0 0 0
Subrogation 512,559 436,507 402,450
Reinsurance share 2,694,057 3,359,606 3,122,892
Net claims paid 11,610,485 11,425,444 10,647,232
Net change of outstanding claims provision 1,053,400 335,512 1,574,772
Allocated employees expenses 1,048,575 1,018,447 958,358
Allocated administrative and general expenses 418,325 437,880 393,074
Excess of loss premium 131,266 131,451 99,638
Commission paid 727,170 797,377 924,801
Net claims cost 15,446,471 14,885,671 15,179,521
Unallocated employees expenses 136,585 140,655 133,961
Depreciation and amortization 371,325 341,673 231,107
Unallocated administrative and general expenses 104,581 109,470 98,268
Impairment of receivables and notes receivable 46,071 463,776 78,399
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 0 -215,770 200,000
Total expenses 16,105,033 15,725,475 15,921,256
Income before tax and fees 1,324,759 2,310,706 1,819,053
Income tax 131,747 707,908 496,933
Board of Directors Remuniration 43,315 37,485 40,837
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Net Income 1,149,697 1,565,313 1,281,283
Non controlling interest 0 0 0
Income pertaining to company's stockholders 1,149,697 1,565,313 1,281,283

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) 1,324,567 375,183 3,563,504
Net Cash Flow from (Used in) Operating Activities 711,023 1,923,934 2,234,045
Net Cash Flow from (Used in) Investing Activities 4,935,133 195,738 -5,422,366
Net Cash Flow from (Used in) Financing Activities -771,660 -1,170,288 0
Cash Balance (Ending) 6,199,063 1,324,567 375,183

Financial Ratios

2017 2016 2015
Turnover Ratio % 0.21 1.68 13.18
Earning Per Share (JD) 0.14 0.20 0.16
Dividend Per Share (JD) 0.05 0.10 0.15
Book Value Per Share (JD) 1.74 1.71 1.66
Price Earnings Ratio (Times) 11.34 9.30 8.68
Dividend Yield % 3.07 5.49 10.79
Dividend Per Share to Earning Per Share % 34.79 51.11 93.66
Price to Book Value (Times) 0.94 1.06 0.84
Return On Assets % 3.03 4.14 3.58
Return On Equity % 8.27 11.45 9.67
Loss Ratio 0.83 0.75 0.77
Operating Profit Margin 0.04 0.08 0.08
Retention Ratio 0.67 0.70 0.70
Net Realized Premiums to Shareholders Equity % 104.80 118.13 119.57
Net Technical Reserves to Net Realized Premiums % 127.49 112.41 109.38
Debt Ratio % 63.42 63.80 62.92
Equity Ratio % 36.58 36.20 37.08
Total Assets Turnover(Times) 0.40 0.41 0.44
Fixed Assets Turnover (Times) 2.73 2.69 2.69