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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 1.36 1.43 1.42
Value Traded (JD) 1,204,715 519,835 1,103,615
No. of Shares Traded 881,083 370,554 800,516
No. of Transactions 1,596 832 1,466
No. of Subscribed Shares 15,000,000 12,000,000 12,000,000
Market Capitalization (JD) 20,400,000 17,160,000 17,040,000
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Deposits at banks 20,076,290 18,340,648 21,648,966
Financial Assets at Fair Value Through Profit 4,000,000 3,500,000 4,500,000
Financial Assets at Fair Value Through Other Comprehensive Income 8,893,926 8,676,501 5,163,386
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 0 0 0
Total Investments 32,970,216 30,517,149 31,312,352
Cash on hand and at banks 1,355,106 1,034,810 1,595,536
Deferred asset tax 0 0 0
Property & equipments 833,825 827,666 806,701
Intangible assets 11,468 4,956 10,730
Other Assets 520,497 561,489 355,444
Total Assets 39,989,660 37,817,839 37,212,247

Liabilities (JD)

2017 2016 2015
Net Unearned Premium Provision 4,842,657 5,136,100 5,059,327
Net Outstanding Claims Provision 8,311,306 8,160,113 8,143,272
Net Mathematical Provision 45,473 38,735 57,000
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 13,199,436 13,334,948 13,259,599
Banks Credits 0 0 0
Accounts Payable 244,677 244,470 290,167
Accrued expenses 0 0 0
Different provisions 1,231,097 1,160,200 862,655
Income tax provision 442,113 444,601 341,636
Loans 0 0 0
Differed tax liabilities 0 0 0
Loans support 0 0 0
Other liabilities 539,566 457,641 476,439
Total Liabilities 18,077,696 18,223,319 18,681,545

Shareholders Equity (JD)

2017 2016 2015
Authorized capital 15,000,000 12,000,000 12,000,000
Paid in capital 15,000,000 12,000,000 12,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 2,626,032 2,361,308 2,112,924
Voluntary Reserve 736,674 736,674 488,290
Special reserve 0 0 0
Cash Dividends 960,000 0 960,000
Stock Dividends 0 3,000,000 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -1,005,825 -1,209,528 -1,296,258
Retained Earnings 2,368,061 1,590,539 3,295,461
Total Shareholders Equity 20,684,942 18,478,993 17,560,417
Non-controlling interest 0 0 0
Total equity 21,911,964 19,594,520 18,530,702
Total Liabilities & Shareholders Equity 39,989,660 37,817,839 37,212,247

Income Statement (JD)

2017 2016 2015
Revenues
Total written premiums 23,475,644 23,002,825 22,901,791
Reinsurance share 6,704,742 6,679,286 6,936,951
Net written premiums 16,770,902 16,323,539 15,964,840
Net Change of unearned premiums provision 293,443 -76,773 -346,035
Net change of mathematical provision -6,738 18,265 -19,057
Net earned of written premiums 17,057,607 16,265,031 15,599,748
Commission received 0 0 0
Issuing fees 436,225 441,343 439,659
Share of policyholder from investments revenue 285,577 229,684 212,120
Share of policyholder from gains (losses) of financial assets and investments 91,033 32,681 40,134
Other revenues 0 0 0
Less: Share of Shareholders of the investment returns of insurance installments 94,152 65,591 63,063
Share of policyholders from impairment loss in financial assets held to maturity 0 0 0
Total revenues 17,776,290 16,903,148 16,228,598
Claims, Losses and Expenses
Claims paid 17,902,531 19,609,776 12,975,143
Maturity and Surrender of polices 0 0 0
Subrogation 1,466,564 1,627,581 1,427,356
Reinsurance share 5,558,934 8,074,826 3,660,286
Net claims paid 10,877,033 9,907,369 7,887,501
Net change of outstanding claims provision 151,193 16,841 1,714,701
Allocated administrative and general expenses 5,164,642 5,060,622 4,580,359
Excess of loss premium 436,000 460,028 707,939
Commission paid 316,136 364,358 445,446
Net claims cost 17,354,357 16,175,533 15,681,630
Reserves of policyholders 0 0 0
Income tax -52,103 -126,614 -44,869
Impairment of receivables and notes receivable 0 0 0
Others 0 -150,000 0
Net current of policyholders 369,830 451,001 502,099
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 5,164,642 5,060,622 4,580,359
Share of stockholders from investments revenue 552,792 452,092 479,201
Share of shareholders from gains (losses) of financial assets and investments 275,143 98,874 122,843
Share of Shareholders of the investment returns of insurance installments 94,152 65,591 63,063
Other revenues 0 0 0
Employees expenses -2,628,547 -2,435,779 -2,127,409
Depreciation and amortization -125,354 -106,724 -75,768
Administrative and general expenses -685,587 -650,839 -581,565
Share of shareholders from impairment loss in 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 0 -50,000
Totals 2,647,241 2,483,837 2,410,724
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 2,647,241 2,483,837 2,410,724
Income tax 589,995 565,535 568,096
Board of Directors Remuniration 55,000 55,000 55,000
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Income for stockholders 2,002,246 1,863,302 1,787,628
Income pertaining to company's stockholders 2,002,246 1,863,302 1,787,628
Non controlling interest 0 0 0

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) 1,814,388 4,370,495 6,623,829
Net Cash Flow from (Used in) Operating Activities 3,010,386 62,102 6,579,647
Net Cash Flow from (Used in) Investing Activities -2,532,069 -1,265,504 -7,330,808
Net Cash Flow from (Used in) Financing Activities -316,423 -1,352,705 -1,502,173
Cash Balance (Ending) 1,976,282 1,814,388 4,370,495

Financial Ratios

2017 2016 2015
Turnover Ratio % 5.87 3.09 6.67
Earning Per Share (JD) 0.13 0.16 0.15
Dividend Per Share (JD) 0.06 0.00 0.08
Book Value Per Share (JD) 1.38 1.54 1.46
Price Earnings Ratio (Times) 10.19 9.21 9.53
Dividend Yield % 4.71 0.00 5.63
Dividend Per Share to Earning Per Share % 0.48 0.00 0.54
Price to Book Value (Times) 0.99 0.93 0.97
Return On Assets % 5.01 4.93 4.80
Return On Equity % 9.68 10.08 10.18
Loss Ratio 0.65 0.61 0.62
Operating Profit Margin 0.01 0.02 0.02
Retention Ratio 0.71 0.71 0.70
Net Realized Premiums to Shareholders Equity % 81.08 88.34 90.91
Net Technical Reserves to Net Realized Premiums % 78.70 81.69 83.06
Debt Ratio % 45.21 48.19 50.20
Equity Ratio % 54.79 51.81 49.80
Total Assets Turnover(Times) 0.82 0.88 0.89
Fixed Assets Turnover (Times) 20.46 19.65 19.34