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Trading Information

2017 2016 2015
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.56 0.68 0.78
Value Traded (JD) 1,403,888 1,702,762 2,584,947
No. of Shares Traded 2,220,116 2,322,429 3,420,940
No. of Transactions 2,286 1,945 2,112
No. of Subscribed Shares 28,000,000 28,000,000 28,000,000
Market Capitalization (JD) 15,680,000 19,040,000 21,840,000
Fiscal Year Ended 31/12/2017 31/12/2016 31/12/2015

Assets (JD)

2017 2016 2015
Deposits at banks 13,601,984 10,630,602 12,247,681
Financial Assets at Fair Value Through Profit 0 0 0
Financial Assets at Fair Value Through Other Comprehensive Income 3,009,214 5,683,342 6,558,674
Financial Assets at Amortized Cost 6,908,121 7,139,478 0
Investments in subsidiaries 0 0 0
Investments in associates 0 0 0
Property investments 6,869,794 6,924,410 8,006,310
Lending 0 0 0
Other Investments 0 0 0
Total Investments 30,389,113 30,377,832 26,812,665
Cash on hand and at banks 3,122,016 5,113,703 6,927,307
Deferred asset tax 310,860 341,214 384,216
Property & equipments 5,113,305 4,669,642 3,431,375
Intangible assets 49,720 29,305 15,784
Other Assets 1,730,704 332,231 258,450
Total Assets 56,827,813 56,945,734 51,412,349

Liabilities (JD)

2017 2016 2015
Net Unearned Premium Provision 7,792,360 7,860,757 6,695,127
Net Outstanding Claims Provision 6,138,684 6,037,556 5,742,585
Net Mathematical Provision 119,822 90,443 37,538
Other Technical Provisions 0 0 0
Total insurance contracts liabilities 14,050,866 13,988,756 12,475,250
Banks Credits 0 0 0
Accounts Payable 1,482,960 1,331,124 935,377
Accrued expenses 32,766 73,536 46,119
Different provisions 225,000 205,333 340,694
Income tax provision 70,451 27,586 356,262
Loans 0 0 0
Differed tax liabilities 1,393 1,370 9,500
Loans support 0 0 0
Other liabilities 645,273 530,429 619,755
Total Liabilities 24,308,385 25,410,225 21,323,509

Shareholders Equity (JD)

2017 2016 2015
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 2,743,182 2,501,096 2,288,168
Voluntary Reserve 0 0 0
Special reserve 0 0 0
Cash Dividends 1,400,000 700,000 0
Stock Dividends 0 0 0
Foreign Currencies Translation 0 0 0
Accumulated Change in Fair Value -1,213,406 -663,523 -800,568
Retained Earnings 1,454,117 868,048 510,027
Total Shareholders Equity 32,383,893 31,405,621 29,997,627
Non-controlling interest 0 0 0
Total equity 32,519,428 31,535,509 30,088,840
Total Liabilities & Shareholders Equity 56,827,813 56,945,734 51,412,349

Income Statement (JD)

2017 2016 2015
Revenues
Total written premiums 39,635,402 37,670,109 26,326,693
Reinsurance share 22,396,172 21,027,300 13,937,115
Net written premiums 17,239,230 16,642,809 12,389,578
Net Change of unearned premiums provision 68,397 -2,080,577 -1,264,160
Net change of mathematical provision -29,379 -90,443 0
Net earned of written premiums 17,278,248 14,471,789 11,125,418
Commission received 2,686,631 2,021,833 1,679,110
Issuing fees 1,699,515 1,473,012 989,990
Share of policyholder from investments revenue 208,050 181,080 148,920
Share of policyholder from gains (losses) of financial assets and investments -72,818 -63,379 -52,122
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 21,799,626 18,084,335 13,891,316
Claims, Losses and Expenses
Claims paid 23,871,410 17,685,424 13,503,931
Maturity and Surrender of polices 0 0 0
Subrogation 1,472,772 1,359,130 1,112,235
Reinsurance share 8,235,755 5,185,115 4,079,259
Net claims paid 14,162,883 11,141,179 8,312,437
Net change of outstanding claims provision 241,405 675,983 548,815
Allocated administrative and general expenses 5,561,022 4,783,028 3,858,382
Excess of loss premium 240,065 157,460 181,345
Commission paid 537,809 514,807 437,169
Net claims cost 21,577,890 17,871,702 13,694,710
Reserves of policyholders 0 0 0
Income tax 0 0 -9,372
Impairment of receivables and notes receivable -131,250 -120,000 -105,000
Others -84,839 -53,958 -52,557
Net current of policyholders 5,647 38,675 29,677
Revenue and expenses of stockholders
Known expenses to cover administrative expenses 5,561,022 4,783,028 3,858,382
Share of stockholders from investments revenue 358,609 288,954 562,636
Share of shareholders from gains (losses) of financial assets and investments 541,961 560,766 615,577
Share of Shareholders of the investment returns of insurance installments 0 0 0
Other revenues 602,537 1,848,249 2,728,473
Employees expenses -3,020,622 -2,718,439 -1,982,787
Depreciation and amortization -121,645 -183,297 -177,208
Administrative and general expenses -1,255,234 -1,298,192 -1,088,134
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 -139,478 -1,143,850 -2,628,138
Totals 2,527,150 2,137,219 1,888,801
Dividends from subsidiaries companies 0 0 0
Income before tax and fees 2,527,150 2,137,219 1,888,801
Income tax 18,381 0 457,756
Board of Directors Remuniration 0 0 112,409
Jordan Universities fees 0 0 0
Research fees 0 0 0
Vocational training fees 0 0 0
Income for stockholders 2,508,769 2,137,219 1,318,636
Income pertaining to company's stockholders 2,508,769 2,137,219 1,318,636
Non controlling interest 0 0 0

Cash Flow (JD)

2017 2016 2015
Cash Balance (Beginning) 12,896,415 17,874,988 19,642,778
Net Cash Flow from (Used in) Operating Activities 765,926 3,783,484 1,414,663
Net Cash Flow from (Used in) Investing Activities -3,944,537 -8,594,057 -3,182,453
Net Cash Flow from (Used in) Financing Activities -700,000 -168,000 0
Cash Balance (Ending) 9,017,804 12,896,415 17,874,988

Financial Ratios

2017 2016 2015
Turnover Ratio % 7.93 8.29 12.22
Earning Per Share (JD) 0.09 0.08 0.05
Dividend Per Share (JD) 0.05 0.03 0.00
Book Value Per Share (JD) 1.16 1.12 1.07
Price Earnings Ratio (Times) 6.25 8.91 16.56
Dividend Yield % 8.93 3.68 0.00
Dividend Per Share to Earning Per Share % 0.56 0.33 0.00
Price to Book Value (Times) 0.48 0.61 0.73
Return On Assets % 4.41 3.75 2.56
Return On Equity % 7.75 6.81 4.40
Loss Ratio 0.82 0.79 0.80
Operating Profit Margin 0.00 0.01 0.01
Retention Ratio 0.43 0.44 0.47
Net Realized Premiums to Shareholders Equity % 53.23 52.99 41.30
Net Technical Reserves to Net Realized Premiums % 81.51 84.05 100.69
Debt Ratio % 42.78 44.62 41.48
Equity Ratio % 57.22 55.38 58.52
Total Assets Turnover(Times) 0.53 0.46 0.37
Fixed Assets Turnover (Times) 3.38 3.10 3.24