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Trading Information

2018 2017 2016
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.54 0.56 0.68
Value Traded (JD) 976,320 1,403,888 1,702,762
No. of Shares Traded 1,777,259 2,220,116 2,322,429
No. of Transactions 1,582 2,286 1,945
No. of Subscribed Shares 28,000,000 28,000,000 28,000,000
Market Capitalization (JD) 15,120,000 15,680,000 19,040,000
Fiscal Year Ended 31/12/2018 31/12/2017 31/12/2016

Assets (JD)

2018 2017 2016
Deposits at banks 14,184,563 13,601,984 10,630,602
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 2,315,141 3,009,214 5,683,342
Financial Assets at Amortized Cost 6,917,520 6,908,121 7,139,478
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 6,821,022 6,869,794 6,924,410
Lending 0 0 0
Other Investments 0 0 0
Total Investments 30,238,246 30,389,113 30,377,832
Cash on hand and at banks 2,044,528 3,122,016 5,113,703
Deferred asset tax 416,168 310,860 341,214
Property & equipments 5,709,810 5,113,305 4,669,642
Intangible assets 79,509 49,720 29,305
Other Assets 3,061,136 1,730,704 332,231
Total Assets 60,053,311 56,827,813 56,945,734

Liabilities (JD)

2018 2017 2016
Net Unearned Premium Provision 7,992,599 7,792,360 7,860,757
Net Outstanding Claims Provision 6,067,564 6,138,684 6,037,556
Net Mathematical Provision 134,235 119,822 90,443
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 14,194,398 14,050,866 13,988,756
Banks Credits 0 0 0
Accounts Payable 1,765,597 1,482,960 1,331,124
Accrued expenses 76,248 32,766 73,536
Different provisions 45,000 225,000 205,333
Income tax provision 56,901 70,451 27,586
Loans 0 0 0
Differed tax liabilities 0 1,393 1,370
Loans support 0 0 0
Other liabilities 683,258 645,273 530,429
Total Liabilities 27,224,540 24,308,385 25,410,225

Shareholders Equity (JD)

2018 2017 2016
Authorized capital 28,000,000 28,000,000 28,000,000
Paid in capital 28,000,000 28,000,000 28,000,000
Treasury stock 0 0 0
Premium issuance 0 0 0
Discount issuance 0 0 0
Compulsory Reserves 3,010,963 2,743,182 2,501,096
Voluntary Reserve 0 0 0
Special reserve 0 0 0
Cash Dividends 1,540,000 1,400,000 700,000
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -1,874,622 -1,213,406 -663,523
Retained Earnings 2,009,146 1,454,117 868,048
Total Shareholders Equity 32,685,487 32,383,893 31,405,621
Non-controlling interest 0 0 0
Total equity 32,828,771 32,519,428 31,535,509
Total Liabilities & Shareholders Equity 60,053,311 56,827,813 56,945,734

Income Statement (JD)

2018 2017 2016
Revenues
Total written premiums 42,115,802 39,635,402 37,670,109
Reinsurance share 25,699,584 22,396,172 21,027,300
Net written premiums 16,416,218 17,239,230 16,642,809
Net Change of unearned premiums provision -200,239 68,397 -2,080,577
Net change of mathematical provision -14,413 -29,379 -90,443
Net earned of written premiums 16,201,566 17,278,248 14,471,789
Commission received 3,360,708 2,686,631 2,021,833
Issuing fees 2,094,521 1,699,515 1,473,012
Share of policyholder from investments revenue 201,335 208,050 181,080
Share of policyholder from gains (losses) of financial assets and investments -70,467 -72,818 -63,379
Other revenues 0 0 0
Less: Share of Shareholders of the investment returns of insurance installments 0 0 0
Share of policyholders from impairment loss in financial assets held to maturity 0 0 0
Total revenues 21,787,663 21,799,626 18,084,335
Claims, Losses and Expenses
Claims paid 27,043,406 23,871,410 17,685,424
Maturity and Surrender of polices 0 0 0
Subrogation 1,581,014 1,472,772 1,359,130
Reinsurance share 11,632,123 8,235,755 5,185,115
Net claims paid 13,830,269 14,162,883 11,141,179
Net change of outstanding claims provision -67,107 241,405 675,983
Allocated administrative and general expenses 6,051,354 5,561,022 4,783,028
Excess of loss premium 167,948 240,065 157,460
Commission paid 669,748 537,809 514,807
Net claims cost 21,581,458 21,577,890 17,871,702
Reserves of policyholders 0 0 0
Income tax 0 0 0
Impairment of receivables and notes receivable -29,006 -131,250 -120,000
Others -169,450 -84,839 -53,958
Net current of policyholders 7,749 5,647 38,675
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 6,051,354 5,561,022 4,783,028
Share of stockholders from investments revenue 575,455 358,609 288,954
Share of shareholders from gains (losses) of financial assets and investments 704,559 541,961 560,766
Share of Shareholders of the investment returns of insurance installments 0 0 0
Other revenues 74,328 283,718 1,848,249
Employees expenses -3,312,074 -3,020,622 -2,718,439
Depreciation and amortization -136,034 -121,645 -183,297
Administrative and general expenses -1,202,499 -1,255,234 -1,298,192
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 18,477 179,341 -1,143,850
Totals 2,773,566 2,527,150 2,137,219
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 2,773,566 2,527,150 2,137,219
Income tax 68,362 18,381 0
Board of Directors Remuniration 0 0 0
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Income for stockholders 2,705,204 2,508,769 2,137,219
Income pertaining to company's stockholders 2,705,204 2,508,769 2,137,219
Non controlling interest 0 0 0

Cash Flow (JD)

2018 2017 2016
Cash Balance (Beginning) 9,017,804 12,896,415 17,874,988
Net Cash Flow from (Used in) Operating Activities 2,898,462 480,135 3,783,484
Net Cash Flow from (Used in) Investing Activities -1,472,513 -3,658,746 -8,594,057
Net Cash Flow from (Used in) Financing Activities -1,400,000 -700,000 -168,000
Cash Balance (Ending) 9,043,753 9,017,804 12,896,415

Financial Ratios

2018 2017 2016
Turnover Ratio % 6.35 7.93 8.29
Earning Per Share (JD) 0.10 0.09 0.08
Dividend Per Share (JD) 0.06 0.05 0.03
Book Value Per Share (JD) 1.17 1.16 1.12
Price Earnings Ratio (Times) 5.59 6.25 8.91
Dividend Yield % 10.19 8.93 0.00
Dividend Per Share to Earning Per Share % 0.57 0.56 0.33
Price to Book Value (Times) 0.46 0.48 0.61
Return On Assets % 4.50 4.41 3.75
Return On Equity % 8.28 7.75 6.81
Loss Ratio 0.85 0.82 0.79
Operating Profit Margin 0.00 0.00 0.01
Retention Ratio 0.39 0.43 0.44
Net Realized Premiums to Shareholders Equity % 50.22 53.23 52.99
Net Technical Reserves to Net Realized Premiums % 86.47 81.51 84.05
Debt Ratio % 45.33 42.78 44.62
Equity Ratio % 54.67 57.22 55.38
Total Assets Turnover(Times) 0.50 0.53 0.46
Fixed Assets Turnover (Times) 2.84 3.38 3.10