2015 jordanian insurance sector report: ranking, market share & market share per class of...
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2015 JORDANIAN INSURANCE SECTOR REPORT Ranking, Market Share & Market Share per Class of Business
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
1
Contents Abbreviations ................................................................................................................................................ 3
Executive Summary ....................................................................................................................................... 4
Jordanian Insurance Sector Overview (Consolidated) .................................................................................. 5
Middle East Insurance ................................................................................................................................... 8
Al-Nisr Al-Arabi Insurance ........................................................................................................................... 15
Jordan Insurance ......................................................................................................................................... 22
Arabia Insurance Company – Jordan .......................................................................................................... 29
Delta Insurance ........................................................................................................................................... 36
Jerusalem Insurance ................................................................................................................................... 43
The United Insurance .................................................................................................................................. 50
Jordan French Insurance ............................................................................................................................. 57
The Holy Land Insurance ............................................................................................................................. 64
Al-Manara Insurance PLC Co. ...................................................................................................................... 71
Arab Orient Insurance Company................................................................................................................. 78
Jordan Emirates Insurance Company P.S.C ................................................................................................. 85
Arab Life & Accident Insurance ................................................................................................................... 92
Philadelphia Insurance ................................................................................................................................ 99
Arab Union International Insurance ......................................................................................................... 106
National Insurance .................................................................................................................................... 113
Jordan International Insurance ................................................................................................................. 120
Euro Arab Insurance Group ...................................................................................................................... 127
The Islamic Insurance ................................................................................................................................ 134
The Arab Assurers Insurance Company .................................................................................................... 141
Arab Jordanian Insurance Group .............................................................................................................. 148
The Mediterranean & Gulf Insurance Company - Jordan PLC .................................................................. 155
First Insurance ........................................................................................................................................... 162
About the Author ...................................................................................................................................... 169
My Services ............................................................................................................................................... 171
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
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بسم هللا الرمحن الرحيم
* إنه من سليمان وإنه بسم الل الرمحن الرحيم أال ت علوا علي وأتون مسلمي
صدق هللا العظيم
31و 30آية –سورة النمل
93عدد آياتها - 27 رقم سورة – سورة مكية
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Abbreviations
No. Company's Name in English SYMBOL كة بالعربية إسم الشر
1 Middle East Insurance MEIN ق األوسط للتأمي الشر
2 Al-Nisr Al-Arabi Insurance AAIN ي للتأمي النش العرب
3 Jordan Insurance JOIN التأمي االردنية
4 Arabia Insurance Company - Jordan AICJ األردن -التأمي العربية
5 Delta Insurance DICL دلتا للتأمي
6 Jerusalem Insurance JERY القدس للتأمي
7 The United Insurance UNIN المتحدة للتأمي
8 Jordan French Insurance JOFR االردنية الفرنسية للتأمي
9 The Holy Land Insurance HOLI ي المقدسة للتأمي االراض
10 Al-Manara Insurance PLC Co. ARSI المنارة للتأمي
11 Arab Orient Insurance Company AOIC ي للتأمي ق العرب الشر
12 Jordan Emirates Insurance Company P.S.C JEIC األردنية اإلماراتية للتأمي
13 Arab Life & Accident Insurance ARIN مي عىل الحياة والحوادثالعرب للتأ
14 Philadelphia Insurance PHIN فيالدلفيا للتأمي
15 Arab Union International Insurance AIUI ي الدولي للتأمي االتحاد العرب
16 National Insurance NAAI التأمي الوطنية
17 Jordan International Insurance JIJC االردن الدولية للتأمي
18 Euro Arab Insurance Group AMMI المجموعة العربية األوروبية للتأمي
19 The Islamic Insurance TIIC التأمي االسالمية
20 The Arab Assurers Insurance Company ARAS الضامنون العرب للتأمي
21 Arab Jordanian Insurance Group ARGR مي المجموعة العربية االردنية للتأ
22 The Mediterranean & Gulf Insurance Company - Jordan PLC MDGF األردن-المتوسط والخليج للتأمي
23 First Insurance FINS األول للتأمي
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
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Executive Summary
The aim of this report is to present the ranking, market share and the market share of per class of business
for the Jordanian insurance sector in 2013, 2014 and 2015. The report shows that the total assets of all
insurance companies have increased from JOD 710 million in 2013 and have reached JOD 795 million at
the end of 2015 in which the total investment accounts for almost 60% of the total assets of the sector
for three consecutive years. In addition, the financing structure of those assets are 40% equity and 60%
debt (liabilities).
While the gross written premiums have also increased from JOD 475 million in 2013 to JOD 533 million in
2015, whereas the net income for the whole sector was JOD 13.8 million in 2013 and JOD 18.5 million in
2015; showing a low profitability of 3%, 5% and 3% and return on equity of 4%, 9% and 6% for 2013, 2014
and 2015.
It is worth noting that almost 44% of gross written premiums are coming from motor insurance, 28% from
medical insurance, 13% from damage to property insurance and 9% from life insurance; totaling almost
92% of the total gross written premiums generated in 2015.
As for each insurance company, the report firstly provides ranking of selected items in both balance sheet
and income statement for each company. Secondly, it presents the market share of those selected items
for each company. Thirdly, it shows the concentration of each class of business of the total portfolio for
each insurance company. Additionally, it shows the ranking of each insurance company by the class of
business that it provides as well as its market share of this class of business.
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
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Jordanian Insurance Sector Overview (Consolidated) Established Date 1-Jan-1951
Listing Date 1-Jan-1978
Years of Experience (Operating) 66
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 263,404,161
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 795,400,072 754,505,929 710,278,244 753,394,748 5% 6%
Total Investments 475,029,040 458,919,990 428,667,788 454,205,606 4% 7%
Total Liabilities 490,894,172 455,463,514 424,096,492 456,818,059 8% 7%
Total Equity 314,103,858 307,420,439 293,235,405 304,919,901 2% 5%
Total Premiums 533,088,770 509,831,732 474,890,548 505,937,017 5% 7%
Net Income 18,532,347 27,672,516 12,774,565 19,659,809 -33% 117%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
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Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 227,895,954 218,758,313 207,061,373 217,905,213 4% 6%
Life Insurance 47,653,242 41,814,794 36,776,440 42,081,492 14% 14%
Medical Insurance 148,894,810 136,507,794 122,565,601 135,989,402 9% 11%
Liability Insurance 7,460,140 7,395,198 6,863,798 7,239,712 1% 8%
Damage to Property Insurance 65,973,555 64,211,618 63,207,846 64,464,340 3% 2%
Aviation Insurance 1,571,488 2,312,628 3,139,547 2,341,221 -32% -26%
Marine & Transport Insurance 23,035,603 26,680,722 25,347,772 25,021,366 -14% 5%
Personal Accident Insurance 360,494 312,183 308,638 327,105 15% 1%
Credit Insurance 979,969 699,052 397,979 692,333 40% 76%
Other Classes 9,472,783 11,139,430 9,221,555 9,944,589 -15% 21%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
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Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 43% 43% 44% 43% Decreased Decreased
Life Insurance 9% 8% 8% 8% Increased Increased
Medical Insurance 28% 27% 26% 27% Increased Increased
Liability Insurance 1% 1% 1% 1% Decreased Increased
Damage to Property Insurance 12% 13% 13% 13% Decreased Decreased
Aviation Insurance 0% 0% 1% 0% Decreased Decreased
Marine & Transport Insurance 4% 5% 5% 5% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% Increased Decreased
Credit Insurance 0% 0% 0% 0% Increased Increased
Other Classes 2% 2% 2% 2% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
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2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
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Middle East Insurance Symbol MEIN
Established Date 1-Jan-1962
Listing Date 1-Jan-1978
Years of Experience (Operating) 55
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 21,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 83,029,845 81,379,033 84,132,562 82,847,147 2% -3%
Total Investments 65,666,403 65,089,076 68,146,731 66,300,737 1% -4%
Total Liabilities 45,607,956 46,567,035 48,729,176 46,968,056 -2% -4%
Total Equity 37,421,889 34,811,998 35,403,386 35,879,091 7% -2%
Total Premiums 37,569,619 38,316,713 36,122,954 37,336,429 -2% 6%
Net Income 2,210,131 2,209,397 2,632,432 2,350,653 0% -16%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
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Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 2 2 1 2 Stable Moved Down
Total Investments 1 1 1 1 Stable Stable
Total Liabilities 3 2 2 2 Moved Down Stable
Total Equity 1 2 2 2 Moved Up Stable
Total Premiums 3 3 3 3 Stable Stable
Net Income 3 3 2 3 Stable Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
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Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 10% 11% 12% 11% Decreased Decreased
Total Investments 14% 14% 16% 15% Decreased Decreased
Total Liabilities 9% 10% 11% 10% Decreased Decreased
Total Equity 12% 11% 12% 12% Increased Decreased
Total Premiums 7% 8% 8% 7% Decreased Decreased
Net Income 12% 8% 21% 14% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
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Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 12,106,143 11,878,683 10,738,133 11,574,320 2% 11%
Life Insurance 4,113,789 4,137,386 3,538,154 3,929,776 -1% 17%
Medical Insurance 4,206,995 4,157,264 3,983,051 4,115,770 1% 4%
Liability Insurance 1,481,090 1,218,054 938,409 1,212,518 22% 30%
Damage to Property Insurance 9,778,346 9,711,846 9,335,429 9,608,540 1% 4%
Aviation Insurance 181,537 177,036 306,840 221,804 3% -42%
Marine & Transport Insurance 5,477,558 6,809,103 7,006,588 6,431,083 -20% -3%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 224,161 227,341 276,350 242,617 -1% -18%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
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Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 32% 31% 30% 31% Increased Increased
Life Insurance 11% 11% 10% 11% Increased Increased
Medical Insurance 11% 11% 11% 11% Increased Decreased
Liability Insurance 4% 3% 3% 3% Increased Increased
Damage to Property Insurance 26% 25% 26% 26% Increased Decreased
Aviation Insurance 0% 0% 1% 1% Increased Decreased
Marine & Transport Insurance 15% 18% 19% 17% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Increased Decreased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
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Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 5 5 6 5 Stable Moved Up
Life Insurance 4 4 3 4 Stable Moved Down
Medical Insurance 12 11 9 11 Moved Down Moved Down
Liability Insurance 1 2 2 2 Moved Up Stable
Damage to Property Insurance 2 2 2 2 Stable Stable
Aviation Insurance 3 3 3 3 Stable Stable
Marine & Transport Insurance 1 1 1 1 Stable Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 8 6 6 7 Moved Down Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
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Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 5% 5% 5% 5% Decreased Increased
Life Insurance 9% 10% 10% 9% Decreased Increased
Medical Insurance 3% 3% 3% 3% Decreased Decreased
Liability Insurance 20% 16% 14% 17% Increased Increased
Damage to Property Insurance 15% 15% 15% 15% Decreased Increased
Aviation Insurance 12% 8% 10% 10% Increased Decreased
Marine & Transport Insurance 24% 26% 28% 26% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 2% 2% 3% 2% Increased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
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Al-Nisr Al-Arabi Insurance Symbol AAIN
Established Date 1-Jan-1979
Listing Date 1-Jan-1989
Years of Experience (Operating) 38
Years of Experience (PLC) 28
Insurance Company Type Composite
Listed Shares 10,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 66,958,008 58,006,902 51,442,475 58,802,462 15% 13%
Total Investments 52,337,782 43,481,732 38,018,078 44,612,531 20% 14%
Total Liabilities 45,676,929 36,989,187 30,841,932 37,836,016 23% 20%
Total Equity 21,281,079 21,017,715 20,600,543 20,966,446 1% 2%
Total Premiums 29,892,791 25,786,184 22,197,394 25,958,790 16% 16%
Net Income 2,438,730 1,978,906 1,433,699 1,950,445 23% 38%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
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Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 4 4 4 4 Stable Stable
Total Investments 2 3 3 3 Moved Up Stable
Total Liabilities 2 3 4 3 Moved Up Moved Up
Total Equity 6 6 6 6 Stable Stable
Total Premiums 4 5 5 5 Moved Up Stable
Net Income 2 4 3 3 Moved Up Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
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Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 8% 8% 7% 8% Increased Increased
Total Investments 11% 9% 9% 10% Increased Increased
Total Liabilities 9% 8% 7% 8% Increased Increased
Total Equity 7% 7% 7% 7% Decreased Decreased
Total Premiums 6% 5% 5% 5% Increased Increased
Net Income 13% 7% 11% 11% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
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Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance - - (3,277) (1,092) -100%
Life Insurance 14,952,023 12,789,018 10,988,403 12,909,815 17% 16%
Medical Insurance 11,588,387 9,465,391 8,439,114 9,830,964 22% 12%
Liability Insurance 536,409 521,812 540,423 532,881 3% -3%
Damage to Property Insurance 1,863,214 2,101,012 1,459,212 1,807,813 -11% 44%
Aviation Insurance - - - -
Marine & Transport Insurance 700,408 696,710 586,605 661,241 1% 19%
Personal Accident Insurance 252,350 212,241 186,914 217,168 19% 14%
Credit Insurance - - - -
Other Classes - - - -
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
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Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 0% 0% 0% 0% N/A Increased
Life Insurance 50% 50% 50% 50% Increased Increased
Medical Insurance 39% 37% 38% 38% Increased Decreased
Liability Insurance 2% 2% 2% 2% Decreased Decreased
Damage to Property Insurance 6% 8% 7% 7% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 2% 3% 3% 3% Decreased Increased
Personal Accident Insurance 1% 1% 1% 1% Increased Decreased
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
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Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 23 23 Stable Moved Down
Life Insurance 1 2 2 2 Moved Up Stable
Medical Insurance 2 2 2 2 Stable Stable
Liability Insurance 5 5 6 5 Stable Moved Up
Damage to Property Insurance 10 7 11 9 Moved Down Moved Up
Aviation Insurance Stable Stable
Marine & Transport Insurance 10 11 14 12 Moved Up Moved Up
Personal Accident Insurance 1 1 1 1 Stable Stable
Credit Insurance Stable Stable
Other Classes Stable Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
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Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 0% 0% 0% 0% N/A Increased
Life Insurance 31% 31% 30% 31% Increased Increased
Medical Insurance 8% 7% 7% 7% Increased Increased
Liability Insurance 7% 7% 8% 7% Increased Decreased
Damage to Property Insurance 3% 3% 2% 3% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 3% 3% 2% 3% Increased Increased
Personal Accident Insurance 70% 68% 61% 66% Increased Increased
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
22
Jordan Insurance Symbol JOIN
Established Date 1-Jan-1951
Listing Date 1-Jan-1978
Years of Experience (Operating) 66
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 30,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 74,726,991 77,705,845 80,620,359 77,684,398 -4% -4%
Total Investments 42,458,568 50,868,975 55,485,654 49,604,399 -17% -8%
Total Liabilities 40,817,402 36,944,478 37,284,799 38,348,893 10% -1%
Total Equity 33,909,589 40,761,367 43,335,560 39,335,505 -17% -6%
Total Premiums 65,507,676 60,283,593 58,704,944 61,498,738 9% 3%
Net Income 623,852 3,509,798 270,428 1,468,026 -82% 1198%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
23
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 3 3 3 3 Stable Stable
Total Investments 3 2 2 2 Moved Down Stable
Total Liabilities 4 4 3 4 Stable Moved Down
Total Equity 3 1 1 2 Moved Down Stable
Total Premiums 2 2 2 2 Stable Stable
Net Income 12 2 14 9 Moved Down Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
24
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 9% 10% 11% 10% Decreased Decreased
Total Investments 9% 11% 13% 11% Decreased Decreased
Total Liabilities 8% 8% 9% 8% Increased Decreased
Total Equity 11% 13% 15% 13% Decreased Decreased
Total Premiums 12% 12% 12% 12% Increased Decreased
Net Income 3% 13% 2% 6% Decreased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
25
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 23,407,178 20,246,647 18,118,743 20,590,856 16% 12%
Life Insurance 13,930,322 13,348,359 11,654,442 12,977,708 4% 15%
Medical Insurance 7,757,464 6,930,396 5,800,865 6,829,575 12% 19%
Liability Insurance 1,314,611 1,604,884 1,547,782 1,489,092 -18% 4%
Damage to Property Insurance 15,659,330 14,205,976 18,105,572 15,990,293 10% -22%
Aviation Insurance - - - -
Marine & Transport Insurance 3,100,733 3,455,591 3,129,594 3,228,639 -10% 10%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 338,038 491,740 347,946 392,575 -31% 41%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
26
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 36% 34% 31% 33% Increased Increased
Life Insurance 21% 22% 20% 21% Decreased Increased
Medical Insurance 12% 11% 10% 11% Increased Increased
Liability Insurance 2% 3% 3% 2% Decreased Increased
Damage to Property Insurance 24% 24% 31% 26% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 5% 6% 5% 5% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
27
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 2 2 2 2 Stable Stable
Life Insurance 2 1 1 1 Moved Down Stable
Medical Insurance 3 5 5 4 Moved Up Stable
Liability Insurance 2 1 1 1 Moved Down Stable
Damage to Property Insurance 1 1 1 1 Stable Stable
Aviation Insurance Stable Stable
Marine & Transport Insurance 2 2 2 2 Stable Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 5 4 5 5 Moved Down Moved Up
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
28
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 10% 9% 9% 9% Increased Increased
Life Insurance 29% 32% 32% 31% Decreased Increased
Medical Insurance 5% 5% 5% 5% Increased Increased
Liability Insurance 18% 22% 23% 21% Decreased Decreased
Damage to Property Insurance 24% 22% 29% 25% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 13% 13% 12% 13% Increased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 4% 4% 4% 4% Decreased Increased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
29
Arabia Insurance Company – Jordan Symbol AICJ
Established Date 1-Jan-1975
Listing Date 1-Jan-1978
Years of Experience (Operating) 42
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 26,224,693 25,637,132 24,099,771 25,320,532 2% 6%
Total Investments 15,105,520 14,374,744 13,638,277 14,372,847 5% 5%
Total Liabilities 15,990,942 14,870,648 13,718,114 14,859,901 8% 8%
Total Equity 10,233,751 10,766,484 10,381,657 10,460,631 -5% 4%
Total Premiums 17,771,066 17,110,382 15,880,898 16,920,782 4% 8%
Net Income 119,916 736,822 460,830 439,189 -84% 60%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
30
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 12 10 11 11 Moved Down Moved Up
Total Investments 13 12 10 12 Moved Down Moved Down
Total Liabilities 13 13 11 12 Stable Moved Down
Total Equity 11 10 10 10 Moved Down Stable
Total Premiums 12 13 12 12 Moved Up Moved Down
Net Income 18 17 13 16 Moved Down Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
31
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 3% 3% 3% 3% Decreased Increased
Total Investments 3% 3% 3% 3% Increased Decreased
Total Liabilities 3% 3% 3% 3% Decreased Increased
Total Equity 3% 4% 4% 3% Decreased Decreased
Total Premiums 3% 3% 3% 3% Decreased Increased
Net Income 1% 3% 4% 2% Decreased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
32
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 10,060,851 10,053,362 8,873,227 9,662,480 0% 13%
Life Insurance 2,157,034 1,456,533 1,886,944 1,833,504 48% -23%
Medical Insurance 2,940,617 2,952,882 2,524,815 2,806,105 0% 17%
Liability Insurance - - - -
Damage to Property Insurance 1,517,227 1,259,406 1,118,923 1,298,519 20% 13%
Aviation Insurance - - - -
Marine & Transport Insurance 597,163 689,760 833,354 706,759 -13% -17%
Personal Accident Insurance - - - -
Credit Insurance 124,841 67,608 6,000 66,150 85% 1027%
Other Classes 373,333 630,831 637,635 547,266 -41% -1%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
33
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 57% 59% 56% 57% Decreased Increased
Life Insurance 12% 9% 12% 11% Increased Decreased
Medical Insurance 17% 17% 16% 17% Decreased Increased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 9% 7% 7% 8% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 3% 4% 5% 4% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 1% 0% 0% 0% Increased Increased
Other Classes 2% 4% 4% 3% Decreased Decreased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
34
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 11 8 10 10 Moved Down Moved Up
Life Insurance 5 5 5 5 Stable Stable
Medical Insurance 15 13 15 14 Moved Down Moved Up
Liability Insurance Stable Stable
Damage to Property Insurance 12 14 12 13 Moved Up Moved Down
Aviation Insurance Stable Stable
Marine & Transport Insurance 13 13 10 12 Stable Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance 3 3 3 3 Stable Stable
Other Classes 4 3 2 3 Moved Down Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
35
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 4% 5% 4% 4% Decreased Increased
Life Insurance 5% 3% 5% 4% Increased Decreased
Medical Insurance 2% 2% 2% 2% Decreased Increased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 2% 2% 2% 2% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 3% 3% 3% 3% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 13% 10% 2% 8% Increased Increased
Other Classes 4% 6% 7% 6% Decreased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
36
Delta Insurance Symbol DICL
Established Date 1-Jan-1976
Listing Date 1-Jan-1978
Years of Experience (Operating) 41
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 25,336,044 23,216,375 20,777,706 23,110,042 9% 12%
Total Investments 16,707,206 15,528,821 13,173,552 15,136,526 8% 18%
Total Liabilities 14,718,817 12,703,895 10,411,682 12,611,465 16% 22%
Total Equity 10,617,227 10,512,480 10,366,024 10,498,577 1% 1%
Total Premiums 14,603,119 14,078,140 11,907,546 13,529,602 4% 18%
Net Income 549,980 935,822 738,561 741,454 -41% 27%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
37
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 13 16 14 14 Moved Up Moved Down
Total Investments 11 9 11 10 Moved Down Moved Up
Total Liabilities 14 16 20 17 Moved Up Moved Up
Total Equity 10 11 11 11 Moved Up Stable
Total Premiums 15 15 17 16 Stable Moved Up
Net Income 13 13 8 11 Stable Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
38
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 3% 3% 3% 3% Increased Increased
Total Investments 4% 3% 3% 3% Increased Increased
Total Liabilities 3% 3% 2% 3% Increased Increased
Total Equity 3% 3% 4% 3% Decreased Decreased
Total Premiums 3% 3% 3% 3% Decreased Increased
Net Income 3% 3% 6% 4% Decreased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
39
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 9,204,849 9,038,776 7,409,172 8,550,932 2% 22%
Life Insurance 127,204 156,813 109,522 131,180 -19% 43%
Medical Insurance 1,984,145 1,766,505 1,605,749 1,785,466 12% 10%
Liability Insurance 297,591 176,940 143,284 205,938 68% 23%
Damage to Property Insurance 2,036,729 1,929,491 1,754,704 1,906,975 6% 10%
Aviation Insurance - - - -
Marine & Transport Insurance 664,749 694,681 642,897 667,442 -4% 8%
Personal Accident Insurance - - - -
Credit Insurance 213,337 240,960 181,214 211,837 -11% 33%
Other Classes 74,515 73,974 61,004 69,831 1% 21%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
40
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 63% 64% 62% 63% Decreased Increased
Life Insurance 1% 1% 1% 1% Decreased Increased
Medical Insurance 14% 13% 13% 13% Increased Decreased
Liability Insurance 2% 1% 1% 1% Increased Increased
Damage to Property Insurance 14% 14% 15% 14% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 5% 5% 5% 5% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 1% 2% 2% 2% Decreased Increased
Other Classes 1% 1% 1% 1% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
41
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 14 13 18 15 Moved Down Moved Up
Life Insurance 14 14 14 14 Stable Stable
Medical Insurance 16 16 18 17 Stable Moved Up
Liability Insurance 8 10 11 10 Moved Up Moved Up
Damage to Property Insurance 8 9 10 9 Moved Up Moved Up
Aviation Insurance Stable Stable
Marine & Transport Insurance 12 12 11 12 Stable Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance 2 2 2 2 Stable Stable
Other Classes 14 13 13 13 Moved Down Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
42
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 4% 4% 4% 4% Decreased Increased
Life Insurance 0% 0% 0% 0% Decreased Increased
Medical Insurance 1% 1% 1% 1% Increased Decreased
Liability Insurance 4% 2% 2% 3% Increased Increased
Damage to Property Insurance 3% 3% 3% 3% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 3% 3% 3% 3% Increased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 22% 34% 46% 34% Decreased Decreased
Other Classes 1% 1% 1% 1% Increased Increased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
43
Jerusalem Insurance Symbol JERY
Established Date 2-Jan-1975
Listing Date 1-Jan-1978
Years of Experience (Operating) 42
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 32,860,641 31,472,910 28,116,222 30,816,591 4% 12%
Total Investments 26,366,208 24,618,876 20,812,467 23,932,517 7% 18%
Total Liabilities 19,077,120 17,846,745 15,347,801 17,423,889 7% 16%
Total Equity 13,783,521 13,626,165 12,768,421 13,392,702 1% 7%
Total Premiums 16,093,290 16,599,730 15,447,574 16,046,865 -3% 7%
Net Income 1,037,356 1,657,817 1,329,867 1,341,680 -37% 25%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
44
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 9 9 9 9 Stable Stable
Total Investments 7 8 8 8 Moved Up Stable
Total Liabilities 9 9 9 9 Stable Stable
Total Equity 8 8 8 8 Stable Stable
Total Premiums 14 14 14 14 Stable Stable
Net Income 10 5 4 6 Moved Down Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
45
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 4% 4% 4% 4% Decreased Increased
Total Investments 6% 5% 5% 5% Increased Increased
Total Liabilities 4% 4% 4% 4% Decreased Increased
Total Equity 4% 4% 4% 4% Decreased Increased
Total Premiums 3% 3% 3% 3% Decreased Increased
Net Income 6% 6% 10% 7% Decreased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
46
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 11,925,754 11,634,494 10,378,102 11,312,783 3% 12%
Life Insurance 100,828 195,081 191,148 162,352 -48% 2%
Medical Insurance 1,528,337 1,401,114 1,369,148 1,432,866 9% 2%
Liability Insurance 55,313 61,312 51,101 55,909 -10% 20%
Damage to Property Insurance 1,166,951 1,099,348 1,097,944 1,121,414 6% 0%
Aviation Insurance - - - -
Marine & Transport Insurance 1,270,333 2,145,517 2,297,459 1,904,436 -41% -7%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 45,774 62,864 62,672 57,103 -27% 0%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
47
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 74% 70% 67% 70% Increased Increased
Life Insurance 1% 1% 1% 1% Decreased Decreased
Medical Insurance 9% 8% 9% 9% Increased Decreased
Liability Insurance 0% 0% 0% 0% Decreased Increased
Damage to Property Insurance 7% 7% 7% 7% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 8% 13% 15% 12% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% Decreased Decreased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
48
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 6 6 7 6 Stable Moved Up
Life Insurance 15 13 13 14 Moved Down Stable
Medical Insurance 18 17 19 18 Moved Down Moved Up
Liability Insurance 15 15 15 15 Stable Stable
Damage to Property Insurance 14 16 14 15 Moved Up Moved Down
Aviation Insurance Stable Stable
Marine & Transport Insurance 5 4 3 4 Moved Down Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 16 14 12 14 Moved Down Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
49
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 5% 5% 5% 5% Decreased Increased
Life Insurance 0% 0% 1% 0% Decreased Decreased
Medical Insurance 1% 1% 1% 1% Increased Decreased
Liability Insurance 1% 1% 1% 1% Decreased Increased
Damage to Property Insurance 2% 2% 2% 2% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 6% 8% 9% 8% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 1% 1% 1% Decreased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
50
The United Insurance Symbol UNIN
Established Date 11-Oct-1972
Listing Date 1-Jan-1978
Years of Experience (Operating) 44
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 35,746,970 34,673,680 29,531,086 33,317,245 3% 17%
Total Investments 20,011,478 15,464,764 13,713,314 16,396,519 29% 13%
Total Liabilities 22,491,260 22,520,406 18,063,968 21,025,211 0% 25%
Total Equity 13,255,710 12,153,274 11,467,118 12,292,034 9% 6%
Total Premiums 22,661,204 21,633,241 18,272,401 20,855,615 5% 18%
Net Income 1,281,283 1,386,974 904,165 1,190,807 -8% 53%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
51
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 7 6 8 7 Moved Down Moved Up
Total Investments 9 11 9 10 Moved Up Moved Down
Total Liabilities 6 6 6 6 Stable Stable
Total Equity 9 9 9 9 Stable Stable
Total Premiums 8 7 8 8 Moved Down Moved Up
Net Income 8 7 6 7 Moved Down Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
52
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 4% 5% 4% 4% Decreased Increased
Total Investments 4% 3% 3% 4% Increased Increased
Total Liabilities 5% 5% 4% 5% Decreased Increased
Total Equity 4% 4% 4% 4% Increased Increased
Total Premiums 4% 4% 4% 4% Increased Increased
Net Income 7% 5% 7% 6% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
53
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 12,480,178 12,721,207 10,898,723 12,033,369 -2% 17%
Life Insurance 1,420,429 1,296,305 1,331,657 1,349,464 10% -3%
Medical Insurance 5,666,199 4,458,157 3,154,606 4,426,321 27% 41%
Liability Insurance 141,459 147,557 184,557 157,858 -4% -20%
Damage to Property Insurance 2,248,798 2,236,382 2,138,974 2,208,051 1% 5%
Aviation Insurance 126,520 104,370 - 76,963 21%
Marine & Transport Insurance 365,566 510,844 474,944 450,451 -28% 8%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 212,055 158,419 88,940 153,138 34% 78%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
54
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 55% 59% 60% 58% Decreased Decreased
Life Insurance 6% 6% 7% 7% Increased Decreased
Medical Insurance 25% 21% 17% 21% Increased Increased
Liability Insurance 1% 1% 1% 1% Decreased Decreased
Damage to Property Insurance 10% 10% 12% 11% Decreased Decreased
Aviation Insurance 1% 0% 0% 0% Increased Increased
Marine & Transport Insurance 2% 2% 3% 2% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 0% 1% Increased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
55
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 4 4 5 4 Stable Moved Up
Life Insurance 6 7 6 6 Moved Up Moved Down
Medical Insurance 8 10 12 10 Moved Up Moved Up
Liability Insurance 12 12 9 11 Stable Moved Down
Damage to Property Insurance 7 6 8 7 Moved Down Moved Up
Aviation Insurance 4 4 4 Stable Moved Up
Marine & Transport Insurance 16 15 15 15 Moved Down Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 9 8 11 9 Moved Down Moved Up
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
56
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 5% 6% 5% 6% Decreased Increased
Life Insurance 3% 3% 4% 3% Decreased Decreased
Medical Insurance 4% 3% 3% 3% Increased Increased
Liability Insurance 2% 2% 3% 2% Decreased Decreased
Damage to Property Insurance 3% 3% 3% 3% Decreased Increased
Aviation Insurance 8% 5% 0% 4% Increased Increased
Marine & Transport Insurance 2% 2% 2% 2% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 2% 1% 1% 2% Increased Increased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
57
Jordan French Insurance Symbol JOFR
Established Date 1-Jan-1976
Listing Date 1-Jan-1978
Years of Experience (Operating) 41
Years of Experience (PLC) 39
Insurance Company Type Composite
Listed Shares 9,100,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 27,336,600 23,748,081 20,860,597 23,981,759 15% 14%
Total Investments 6,937,194 6,518,904 5,011,537 6,155,878 6% 30%
Total Liabilities 20,250,693 17,953,290 16,049,305 18,084,429 13% 12%
Total Equity 7,085,907 5,794,791 4,811,292 5,897,330 22% 20%
Total Premiums 24,999,475 23,333,575 20,573,784 22,968,945 7% 13%
Net Income 1,209,581 1,128,762 156,877 831,740 7% 620%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
58
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 11 15 13 13 Moved Up Moved Down
Total Investments 20 19 21 20 Moved Down Moved Up
Total Liabilities 8 8 8 8 Stable Stable
Total Equity 15 16 17 16 Moved Up Moved Up
Total Premiums 6 6 6 6 Stable Stable
Net Income 9 11 15 12 Moved Up Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
59
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 3% 3% 3% 3% Increased Increased
Total Investments 1% 1% 1% 1% Increased Increased
Total Liabilities 4% 4% 4% 4% Increased Increased
Total Equity 2% 2% 2% 2% Increased Increased
Total Premiums 5% 5% 4% 5% Increased Increased
Net Income 7% 4% 1% 4% Increased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
60
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 11,360,430 8,724,874 8,751,501 9,612,268 30% 0%
Life Insurance 1,346,956 1,394,343 1,281,157 1,340,819 -3% 9%
Medical Insurance 7,711,618 8,768,767 5,879,814 7,453,400 -12% 49%
Liability Insurance 136,178 15,482 96,795 82,818 780% -84%
Damage to Property Insurance 1,421,440 1,158,265 924,913 1,168,206 23% 25%
Aviation Insurance 795,670 852,753 1,684,948 1,111,124 -7% -49%
Marine & Transport Insurance 1,323,237 952,278 1,142,669 1,139,395 39% -17%
Personal Accident Insurance - - - -
Credit Insurance 641,791 387,758 206,373 411,974 66% 88%
Other Classes 262,155 1,079,055 605,614 648,941 -76% 78%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
61
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 45% 37% 43% 42% Increased Decreased
Life Insurance 5% 6% 6% 6% Decreased Decreased
Medical Insurance 31% 38% 29% 32% Decreased Increased
Liability Insurance 1% 0% 0% 0% Increased Decreased
Damage to Property Insurance 6% 5% 4% 5% Increased Increased
Aviation Insurance 3% 4% 8% 5% Decreased Decreased
Marine & Transport Insurance 5% 4% 6% 5% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 3% 2% 1% 2% Increased Increased
Other Classes 1% 5% 3% 3% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
62
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 8 15 11 11 Moved Up Moved Down
Life Insurance 7 6 7 7 Moved Down Moved Up
Medical Insurance 4 3 4 4 Moved Down Moved Up
Liability Insurance 13 17 13 14 Moved Up Moved Down
Damage to Property Insurance 13 15 15 14 Moved Up Stable
Aviation Insurance 1 2 1 1 Moved Up Moved Down
Marine & Transport Insurance 4 7 5 5 Moved Up Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance 1 1 1 1 Stable Stable
Other Classes 6 2 3 4 Moved Down Moved Up
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
63
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 5% 4% 4% 4% Increased Decreased
Life Insurance 3% 3% 3% 3% Decreased Decreased
Medical Insurance 5% 6% 5% 5% Decreased Increased
Liability Insurance 2% 0% 1% 1% Increased Decreased
Damage to Property Insurance 2% 2% 1% 2% Increased Increased
Aviation Insurance 51% 37% 54% 47% Increased Decreased
Marine & Transport Insurance 6% 4% 5% 5% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 65% 55% 52% 58% Increased Increased
Other Classes 3% 10% 7% 6% Decreased Increased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
64
The Holy Land Insurance Symbol HOLI
Established Date 1-Jan-1978
Listing Date 1-Jan-1980
Years of Experience (Operating) 39
Years of Experience (PLC) 37
Insurance Company Type Non-Life
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 7,261,023 7,944,644 8,333,164 7,846,277 -9% -5%
Total Investments 2,351,421 3,015,937 5,042,026 3,469,795 -22% -40%
Total Liabilities 7,253,849 7,838,021 9,405,213 8,165,694 -7% -17%
Total Equity 7,174 106,623 (1,072,049) (319,417) -93% -110%
Total Premiums 6,365,839 6,857,356 8,950,619 7,391,271 -7% -23%
Net Income (1,332,688) 119,175 569,445 (214,689) -1218% -79%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
65
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 23 23 23 23 Stable Stable
Total Investments 23 23 20 22 Stable Moved Down
Total Liabilities 22 22 22 22 Stable Stable
Total Equity 23 23 23 23 Stable Stable
Total Premiums 23 22 21 22 Moved Down Moved Down
Net Income 22 20 11 18 Moved Down Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
66
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 1% 1% 1% 1% Decreased Decreased
Total Investments 0% 1% 1% 1% Decreased Decreased
Total Liabilities 1% 2% 2% 2% Decreased Decreased
Total Equity 0% 0% 0% 0% Decreased Increased
Total Premiums 1% 1% 2% 1% Decreased Decreased
Net Income -7% 0% 4% -1% Decreased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
67
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 5,979,475 6,559,193 8,645,404 7,061,357 -9% -24%
Life Insurance - - - -
Medical Insurance - - - -
Liability Insurance 36,584 33,692 20,811 30,362 9% 62%
Damage to Property Insurance 338,671 254,834 276,913 290,139 33% -8%
Aviation Insurance - - - -
Marine & Transport Insurance 12,611 9,637 7,491 9,913 31% 29%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes - - - -
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
68
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 94% 96% 97% 95% Decreased Decreased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 0% 0% 0% 0% N/A N/A
Liability Insurance 1% 0% 0% 0% Increased Increased
Damage to Property Insurance 5% 4% 3% 4% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 0% 0% 0% 0% Increased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
69
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 20 19 12 17 Moved Down Moved Down
Life Insurance Stable Stable
Medical Insurance Stable Stable
Liability Insurance 17 16 17 17 Moved Down Moved Up
Damage to Property Insurance 21 21 21 21 Stable Stable
Aviation Insurance Stable Stable
Marine & Transport Insurance 23 23 23 23 Stable Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes Stable Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
70
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 3% 3% 4% 3% Decreased Decreased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 0% 0% 0% 0% N/A N/A
Liability Insurance 0% 0% 0% 0% Increased Increased
Damage to Property Insurance 1% 0% 0% 0% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 0% 0% 0% 0% Increased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
71
Al-Manara Insurance PLC Co. Symbol ARSI
Established Date 3-Feb-1974
Listing Date 1-Jan-1978
Years of Experience (Operating) 43
Years of Experience (PLC) 39
Insurance Company Type Non-Life
Listed Shares 7,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 17,681,022 20,115,135 18,109,566 18,635,241 -12% 11%
Total Investments 11,701,480 12,744,114 11,104,797 11,850,130 -8% 15%
Total Liabilities 12,656,149 14,854,438 12,436,711 13,315,766 -15% 19%
Total Equity 5,024,873 5,260,697 5,672,855 5,319,475 -4% -7%
Total Premiums 8,338,423 11,506,613 10,112,458 9,985,831 -28% 14%
Net Income (214,895) (511,805) (314,553) (347,084) -58% 63%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
72
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 17 17 17 17 Stable Stable
Total Investments 15 15 14 15 Stable Moved Down
Total Liabilities 17 14 15 15 Moved Down Moved Up
Total Equity 18 17 16 17 Moved Down Moved Down
Total Premiums 21 16 20 19 Moved Down Moved Up
Net Income 20 22 19 20 Moved Up Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
73
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 2% 3% 3% 2% Decreased Increased
Total Investments 2% 3% 3% 3% Decreased Increased
Total Liabilities 3% 3% 3% 3% Decreased Increased
Total Equity 2% 2% 2% 2% Decreased Decreased
Total Premiums 2% 2% 2% 2% Decreased Increased
Net Income -1% -2% -2% -2% Increased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
74
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 6,093,420 8,799,589 7,661,704 7,518,238 -31% 15%
Life Insurance - - - -
Medical Insurance 614,254 641,148 885,107 713,503 -4% -28%
Liability Insurance 376,239 205,589 267,432 283,087 83% -23%
Damage to Property Insurance 1,018,371 1,541,162 1,100,127 1,219,887 -34% 40%
Aviation Insurance 1,514 2,698 2,698 2,303 -44% 0%
Marine & Transport Insurance 126,793 238,677 142,116 169,195 -47% 68%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 107,832 77,750 53,274 79,619 39% 46%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
75
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 73% 76% 76% 75% Decreased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 7% 6% 9% 7% Increased Decreased
Liability Insurance 5% 2% 3% 3% Increased Decreased
Damage to Property Insurance 12% 13% 11% 12% Decreased Increased
Aviation Insurance 0% 0% 0% 0% Decreased Decreased
Marine & Transport Insurance 2% 2% 1% 2% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Increased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
76
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 19 14 17 17 Moved Down Moved Up
Life Insurance Stable Stable
Medical Insurance 21 22 22 22 Moved Up Stable
Liability Insurance 7 9 8 8 Moved Up Moved Down
Damage to Property Insurance 16 12 13 14 Moved Down Moved Up
Aviation Insurance 7 6 5 6 Moved Down Moved Down
Marine & Transport Insurance 20 20 21 20 Stable Moved Up
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 12 12 14 13 Stable Moved Up
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
77
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 3% 4% 4% 3% Decreased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 0% 0% 1% 1% Decreased Decreased
Liability Insurance 5% 3% 4% 4% Increased Decreased
Damage to Property Insurance 2% 2% 2% 2% Decreased Increased
Aviation Insurance 0% 0% 0% 0% Decreased Increased
Marine & Transport Insurance 1% 1% 1% 1% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Increased Increased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
78
Arab Orient Insurance Company Symbol AOIC
Established Date 12-Mar-1996
Listing Date 17-Aug-2000
Years of Experience (Operating) 21
Years of Experience (PLC) 16
Insurance Company Type Non-Life
Listed Shares 21,438,252
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 103,157,538 94,036,218 83,614,187 93,602,648 10% 12%
Total Investments 41,860,634 38,824,191 31,947,518 37,544,114 8% 22%
Total Liabilities 68,943,459 62,054,259 55,257,091 62,084,936 11% 12%
Total Equity 34,214,079 31,981,959 28,357,096 31,517,711 7% 13%
Total Premiums 102,671,190 94,949,636 86,019,536 94,546,787 8% 10%
Net Income 4,375,945 5,027,365 4,083,399 4,495,570 -13% 23%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
79
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 1 1 2 1 Stable Moved Up
Total Investments 4 4 4 4 Stable Stable
Total Liabilities 1 1 1 1 Stable Stable
Total Equity 2 3 3 3 Moved Up Stable
Total Premiums 1 1 1 1 Stable Stable
Net Income 1 1 1 1 Stable Stable
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
80
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 13% 12% 12% 12% Increased Increased
Total Investments 9% 8% 7% 8% Increased Increased
Total Liabilities 14% 14% 13% 14% Increased Increased
Total Equity 11% 10% 10% 10% Increased Increased
Total Premiums 19% 19% 18% 19% Increased Increased
Net Income 24% 18% 32% 25% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
81
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 24,795,084 23,424,785 20,908,429 23,042,766 6% 12%
Life Insurance - - - -
Medical Insurance 59,162,063 51,796,007 48,190,187 53,049,419 14% 7%
Liability Insurance 1,249,370 876,743 815,572 980,562 43% 8%
Damage to Property Insurance 8,931,794 8,979,740 7,726,976 8,546,170 -1% 16%
Aviation Insurance 59,181 82,882 65,902 69,322 -29% 26%
Marine & Transport Insurance 2,739,031 2,588,437 2,261,088 2,529,519 6% 14%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 5,734,667 7,201,042 6,051,382 6,329,030 -20% 19%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
82
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 24% 25% 24% 24% Decreased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 58% 55% 56% 56% Increased Decreased
Liability Insurance 1% 1% 1% 1% Increased Decreased
Damage to Property Insurance 9% 9% 9% 9% Decreased Increased
Aviation Insurance 0% 0% 0% 0% Decreased Increased
Marine & Transport Insurance 3% 3% 3% 3% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 6% 8% 7% 7% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
83
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 1 1 1 1 Stable Stable
Life Insurance Stable Stable
Medical Insurance 1 1 1 1 Stable Stable
Liability Insurance 3 4 4 4 Moved Up Stable
Damage to Property Insurance 3 3 3 3 Stable Stable
Aviation Insurance 6 5 4 5 Moved Down Moved Down
Marine & Transport Insurance 3 3 4 3 Stable Moved Up
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 1 1 1 1 Stable Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
84
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 11% 11% 10% 11% Increased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 40% 38% 39% 39% Increased Decreased
Liability Insurance 17% 12% 12% 13% Increased Decreased
Damage to Property Insurance 14% 14% 12% 13% Decreased Increased
Aviation Insurance 4% 4% 2% 3% Increased Increased
Marine & Transport Insurance 12% 10% 9% 10% Increased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 61% 65% 66% 64% Decreased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
85
Jordan Emirates Insurance Company P.S.C Symbol JEIC
Established Date 10-May-1980
Listing Date 9-May-1982
Years of Experience (Operating) 37
Years of Experience (PLC) 35
Insurance Company Type Non-Life
Listed Shares 6,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 10,813,928 12,571,519 14,181,609 12,522,352 -14% -11%
Total Investments 4,638,541 5,681,371 4,883,285 5,067,732 -18% 16%
Total Liabilities 9,425,382 9,612,262 11,957,801 10,331,815 -2% -20%
Total Equity 1,388,546 2,959,257 2,223,808 2,190,537 -53% 33%
Total Premiums 9,115,387 8,925,188 15,751,726 11,264,100 2% -43%
Net Income (1,570,711) 735,636 (285,796) (373,624) -314% -357%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
86
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 21 21 19 20 Stable Moved Down
Total Investments 22 22 22 22 Stable Stable
Total Liabilities 21 21 16 19 Stable Moved Down
Total Equity 22 22 22 22 Stable Stable
Total Premiums 19 20 13 17 Moved Up Moved Down
Net Income 23 18 18 20 Moved Down Stable
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
87
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 1% 2% 2% 2% Decreased Decreased
Total Investments 1% 1% 1% 1% Decreased Increased
Total Liabilities 2% 2% 3% 2% Decreased Decreased
Total Equity 0% 1% 1% 1% Decreased Increased
Total Premiums 2% 2% 3% 2% Decreased Decreased
Net Income -8% 3% -2% -3% Decreased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
88
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 7,788,264 7,127,628 11,560,166 8,825,353 9% -38%
Life Insurance - - - -
Medical Insurance 637,230 1,075,106 3,378,350 1,696,895 -41% -68%
Liability Insurance - - - -
Damage to Property Insurance 349,855 410,644 409,104 389,868 -15% 0%
Aviation Insurance - - - -
Marine & Transport Insurance 225,845 206,141 307,596 246,527 10% -33%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 114,193 105,669 96,511 105,458 8% 9%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
89
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 85% 80% 73% 80% Increased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 7% 12% 21% 13% Decreased Decreased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 4% 5% 3% 4% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 2% 2% 2% 2% Increased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Increased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
90
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 17 17 4 13 Stable Moved Down
Life Insurance Stable Stable
Medical Insurance 20 20 10 17 Stable Moved Down
Liability Insurance Stable Stable
Damage to Property Insurance 20 20 20 20 Stable Stable
Aviation Insurance Stable Stable
Marine & Transport Insurance 19 21 18 19 Moved Up Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 11 11 10 11 Stable Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
91
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 3% 3% 6% 4% Increased Decreased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 0% 1% 3% 1% Decreased Decreased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 1% 1% 1% 1% Decreased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 1% 1% 1% 1% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Increased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
92
Arab Life & Accident Insurance Symbol ARIN
Established Date 1-Jan-1980
Listing Date 31-May-1983
Years of Experience (Operating) 37
Years of Experience (PLC) 34
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 22,752,888 24,895,263 22,949,297 23,532,483 -9% 8%
Total Investments 12,250,256 13,964,126 13,050,378 13,088,253 -12% 7%
Total Liabilities 14,001,347 16,097,730 14,917,294 15,005,457 -13% 8%
Total Equity 8,751,541 8,797,533 8,032,003 8,527,026 -1% 10%
Total Premiums 17,817,558 19,924,904 16,509,167 18,083,876 -11% 21%
Net Income 445,561 846,547 (488,247) 267,954 -47% -273%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
93
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 16 12 12 13 Moved Down Stable
Total Investments 14 14 12 13 Stable Moved Down
Total Liabilities 15 10 10 12 Moved Down Stable
Total Equity 14 13 12 13 Moved Down Moved Down
Total Premiums 11 10 11 11 Moved Down Moved Up
Net Income 16 14 21 17 Moved Down Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
94
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 3% 3% 3% 3% Decreased Increased
Total Investments 3% 3% 3% 3% Decreased Decreased
Total Liabilities 3% 4% 4% 3% Decreased Increased
Total Equity 3% 3% 3% 3% Decreased Increased
Total Premiums 3% 4% 3% 4% Decreased Increased
Net Income 2% 3% -4% 1% Decreased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
95
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 11,782,238 13,894,499 11,829,853 12,502,197 -15% 17%
Life Insurance 806,661 724,241 750,721 760,541 11% -4%
Medical Insurance 3,489,310 2,893,012 2,307,291 2,896,538 21% 25%
Liability Insurance 50,309 150,037 168,634 122,993 -66% -11%
Damage to Property Insurance 920,409 1,710,609 680,799 1,103,939 -46% 151%
Aviation Insurance - - - -
Marine & Transport Insurance 386,775 395,298 610,231 464,101 -2% -35%
Personal Accident Insurance - - - -
Credit Insurance - - (39) (13) -100%
Other Classes 107,497 157,208 161,679 142,128 -32% -3%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
96
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 66% 70% 72% 69% Decreased Decreased
Life Insurance 5% 4% 5% 4% Increased Decreased
Medical Insurance 20% 15% 14% 16% Increased Increased
Liability Insurance 0% 1% 1% 1% Decreased Decreased
Damage to Property Insurance 5% 9% 4% 6% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 2% 2% 4% 3% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A Increased
Other Classes 1% 1% 1% 1% Decreased Decreased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
97
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 7 3 3 4 Moved Down Stable
Life Insurance 10 9 8 9 Moved Down Moved Down
Medical Insurance 14 14 16 15 Stable Moved Up
Liability Insurance 16 11 10 12 Moved Down Moved Down
Damage to Property Insurance 18 10 18 15 Moved Down Moved Up
Aviation Insurance Stable Stable
Marine & Transport Insurance 15 16 12 14 Moved Up Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance 5 5 Stable Moved Down
Other Classes 13 9 8 10 Moved Down Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
98
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 5% 6% 6% 6% Decreased Increased
Life Insurance 2% 2% 2% 2% Decreased Decreased
Medical Insurance 2% 2% 2% 2% Increased Increased
Liability Insurance 1% 2% 2% 2% Decreased Decreased
Damage to Property Insurance 1% 3% 1% 2% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 2% 1% 2% 2% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A Increased
Other Classes 1% 1% 2% 1% Decreased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
99
Philadelphia Insurance Symbol PHIN
Established Date 1-Jan-1980
Listing Date 31-May-1983
Years of Experience (Operating) 37
Years of Experience (PLC) 34
Insurance Company Type Non-Life
Listed Shares 4,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 10,764,944 11,555,015 12,089,107 11,469,689 -7% -4%
Total Investments 7,891,037 8,771,460 9,389,967 8,684,155 -10% -7%
Total Liabilities 6,614,073 7,745,173 9,042,964 7,800,737 -15% -14%
Total Equity 4,150,871 3,809,842 3,046,143 3,668,952 9% 25%
Total Premiums 6,514,167 6,900,976 6,879,835 6,764,993 -6% 0%
Net Income 315,996 811,264 (591,419) 178,614 -61% -237%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
100
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 22 22 22 22 Stable Stable
Total Investments 18 18 17 18 Stable Moved Down
Total Liabilities 23 23 23 23 Stable Stable
Total Equity 19 20 20 20 Moved Up Stable
Total Premiums 22 21 23 22 Moved Down Moved Up
Net Income 17 16 22 18 Moved Down Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
101
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 1% 2% 2% 2% Decreased Decreased
Total Investments 2% 2% 2% 2% Decreased Decreased
Total Liabilities 1% 2% 2% 2% Decreased Decreased
Total Equity 1% 1% 1% 1% Increased Increased
Total Premiums 1% 1% 1% 1% Decreased Decreased
Net Income 2% 3% -5% 0% Decreased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
102
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 5,217,985 5,500,958 5,820,768 5,513,237 -5% -5%
Life Insurance - - - -
Medical Insurance 1,179,854 1,233,414 900,425 1,104,564 -4% 37%
Liability Insurance 801 3,925 3,942 2,889 -80% 0%
Damage to Property Insurance 91,844 106,522 99,187 99,184 -14% 7%
Aviation Insurance - - - -
Marine & Transport Insurance 20,323 45,864 45,533 37,240 -56% 1%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 3,360 10,293 9,979 7,877 -67% 3%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
103
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 80% 80% 85% 81% Increased Decreased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 18% 18% 13% 16% Increased Increased
Liability Insurance 0% 0% 0% 0% Decreased Decreased
Damage to Property Insurance 1% 2% 1% 1% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 0% 1% 1% 1% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
104
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 21 20 21 21 Moved Down Moved Up
Life Insurance Stable Stable
Medical Insurance 19 18 21 19 Moved Down Moved Up
Liability Insurance 18 18 18 18 Stable Stable
Damage to Property Insurance 23 22 23 23 Moved Down Moved Up
Aviation Insurance Stable Stable
Marine & Transport Insurance 22 22 22 22 Stable Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 18 17 17 17 Moved Down Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
105
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 2% 3% 3% 3% Decreased Decreased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 1% 1% 1% 1% Decreased Increased
Liability Insurance 0% 0% 0% 0% Decreased Decreased
Damage to Property Insurance 0% 0% 0% 0% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 0% 0% 0% 0% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% Decreased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
106
Arab Union International Insurance Symbol AIUI
Established Date 1-Jan-1976
Listing Date 1-Jan-1979
Years of Experience (Operating) 41
Years of Experience (PLC) 38
Insurance Company Type Non-Life
Listed Shares 4,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 17,356,429 16,123,919 17,164,457 16,881,602 8% -6%
Total Investments 8,984,320 9,395,009 10,083,338 9,487,556 -4% -7%
Total Liabilities 13,432,023 11,485,302 13,341,282 12,752,869 17% -14%
Total Equity 3,924,406 4,638,617 3,823,175 4,128,733 -15% 21%
Total Premiums 8,741,962 6,533,128 8,054,187 7,776,426 34% -19%
Net Income (720,931) 814,592 (1,435,306) (447,215) -189% -157%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
107
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 18 18 18 18 Stable Stable
Total Investments 17 16 16 16 Moved Down Stable
Total Liabilities 16 17 12 15 Moved Up Moved Down
Total Equity 21 19 18 19 Moved Down Moved Down
Total Premiums 20 23 22 22 Moved Up Moved Down
Net Income 21 15 23 20 Moved Down Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
108
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 2% 2% 2% 2% Increased Decreased
Total Investments 2% 2% 2% 2% Decreased Decreased
Total Liabilities 3% 3% 3% 3% Increased Decreased
Total Equity 1% 2% 1% 1% Decreased Increased
Total Premiums 2% 1% 2% 2% Increased Decreased
Net Income -4% 3% -11% -4% Decreased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
109
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 7,798,156 5,447,724 6,210,322 6,485,401 43% -12%
Life Insurance - - - -
Medical Insurance 610,937 672,585 1,323,915 869,146 -9% -49%
Liability Insurance - - - -
Damage to Property Insurance 152,130 102,007 233,841 162,659 49% -56%
Aviation Insurance - - - -
Marine & Transport Insurance 119,191 277,077 251,218 215,829 -57% 10%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 61,548 33,735 34,891 43,391 82% -3%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
110
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 89% 83% 77% 83% Increased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 7% 10% 16% 11% Decreased Decreased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 2% 2% 3% 2% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 1% 4% 3% 3% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 0% 1% Increased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
111
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 16 21 20 19 Moved Up Moved Down
Life Insurance Stable Stable
Medical Insurance 22 21 20 21 Moved Down Moved Down
Liability Insurance Stable Stable
Damage to Property Insurance 22 23 22 22 Moved Up Moved Down
Aviation Insurance Stable Stable
Marine & Transport Insurance 21 19 20 20 Moved Down Moved Up
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 15 16 15 15 Moved Up Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
112
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 3% 2% 3% 3% Increased Decreased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 0% 0% 1% 1% Decreased Decreased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 0% 0% 0% 0% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 1% 1% 1% 1% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 0% 0% 0% Increased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
113
National Insurance Symbol NAAI
Established Date 1-Jan-1986
Listing Date 1-Jan-1987
Years of Experience (Operating) 31
Years of Experience (PLC) 30
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 24,832,762 24,567,218 20,284,580 23,228,187 1% 21%
Total Investments 15,475,615 14,104,871 11,499,521 13,693,336 10% 23%
Total Liabilities 24,832,762 24,567,218 20,284,580 23,228,187 1% 21%
Total Equity 9,597,958 8,378,024 7,053,653 8,343,212 15% 19%
Total Premiums 19,554,518 21,136,110 16,737,887 19,142,838 -7% 26%
Net Income 1,282,201 1,208,459 467,807 986,156 6% 158%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
114
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 15 14 16 15 Moved Down Moved Up
Total Investments 12 13 13 13 Moved Up Stable
Total Liabilities 5 5 5 5 Stable Stable
Total Equity 13 14 15 14 Moved Up Moved Up
Total Premiums 10 9 10 10 Moved Down Moved Up
Net Income 7 9 12 9 Moved Up Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
115
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 3% 3% 3% 3% Decreased Increased
Total Investments 3% 3% 3% 3% Increased Increased
Total Liabilities 5% 5% 5% 5% Decreased Increased
Total Equity 3% 3% 2% 3% Increased Increased
Total Premiums 4% 4% 4% 4% Decreased Increased
Net Income 7% 4% 4% 5% Increased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
116
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 10,112,750 9,693,003 9,179,757 9,661,837 4% 6%
Life Insurance 396,273 377,993 412,100 395,455 5% -8%
Medical Insurance 4,287,893 3,924,727 3,202,857 3,805,159 9% 23%
Liability Insurance 591,893 385,370 644,420 540,561 54% -40%
Damage to Property Insurance 2,945,664 5,193,357 2,304,908 3,481,310 -43% 125%
Aviation Insurance - - - -
Marine & Transport Insurance 1,220,045 1,561,660 993,845 1,258,517 -22% 57%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes - - - -
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
117
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 52% 46% 55% 51% Increased Decreased
Life Insurance 2% 2% 2% 2% Increased Decreased
Medical Insurance 22% 19% 19% 20% Increased Decreased
Liability Insurance 3% 2% 4% 3% Increased Decreased
Damage to Property Insurance 15% 25% 14% 18% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 6% 7% 6% 7% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
118
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 10 11 8 10 Moved Up Moved Down
Life Insurance 13 12 11 12 Moved Down Moved Down
Medical Insurance 11 12 11 11 Moved Up Moved Down
Liability Insurance 4 6 5 5 Moved Up Moved Down
Damage to Property Insurance 6 4 5 5 Moved Down Moved Up
Aviation Insurance Stable Stable
Marine & Transport Insurance 6 6 7 6 Stable Moved Up
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes Stable Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
119
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 4% 4% 4% 4% Increased Decreased
Life Insurance 1% 1% 1% 1% Decreased Decreased
Medical Insurance 3% 3% 3% 3% Increased Increased
Liability Insurance 8% 5% 9% 8% Increased Decreased
Damage to Property Insurance 4% 8% 4% 5% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 5% 6% 4% 5% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
120
Jordan International Insurance Symbol JIJC
Established Date 7-Jun-1996
Listing Date 6-Jan-1998
Years of Experience (Operating) 21
Years of Experience (PLC) 19
Insurance Company Type Composite
Listed Shares 18,150,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 35,169,163 33,430,039 34,085,048 34,228,083 5% -2%
Total Investments 24,449,760 24,773,068 25,648,573 24,957,134 -1% -3%
Total Liabilities 10,081,509 9,949,673 11,822,026 10,617,736 1% -16%
Total Equity 25,087,654 23,480,366 22,263,022 23,610,347 7% 5%
Total Premiums 12,833,528 11,026,532 10,410,642 11,423,567 16% 6%
Net Income 1,603,020 1,203,579 663,551 1,156,717 33% 81%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
121
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 8 8 6 7 Stable Moved Down
Total Investments 8 7 5 7 Moved Down Moved Down
Total Liabilities 20 19 17 19 Moved Down Moved Down
Total Equity 5 5 5 5 Stable Stable
Total Premiums 17 18 19 18 Moved Up Moved Up
Net Income 5 10 9 8 Moved Up Moved Down
5
6
7
4
5
6
5
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
122
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 4% 4% 5% 5% Decreased Decreased
Total Investments 5% 5% 6% 6% Decreased Decreased
Total Liabilities 2% 2% 3% 2% Decreased Decreased
Total Equity 8% 8% 8% 8% Increased Increased
Total Premiums 2% 2% 2% 2% Increased Decreased
Net Income 9% 4% 5% 6% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
123
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance - 1,984 92,762 31,582 -100% -98%
Life Insurance 844,449 508,866 476,114 609,810 66% 7%
Medical Insurance 7,124,027 6,717,475 5,525,174 6,455,559 6% 22%
Liability Insurance 272,167 318,820 76,810 222,599 -15% 315%
Damage to Property Insurance 3,408,692 1,448,999 2,209,969 2,355,887 135% -34%
Aviation Insurance 93,521 1,092,889 1,077,813 754,741 -91% 1%
Marine & Transport Insurance 1,089,429 937,499 951,870 992,933 16% -2%
Personal Accident Insurance - - 130 43 -100%
Credit Insurance - - - -
Other Classes - - - -
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
124
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 0% 0% 1% 0% Decreased Decreased
Life Insurance 7% 5% 5% 5% Increased Increased
Medical Insurance 56% 61% 53% 57% Decreased Increased
Liability Insurance 2% 3% 1% 2% Decreased Increased
Damage to Property Insurance 27% 13% 21% 20% Increased Decreased
Aviation Insurance 1% 10% 10% 7% Decreased Decreased
Marine & Transport Insurance 8% 9% 9% 9% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A Decreased
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
125
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 22 22 22 Moved Down Stable
Life Insurance 9 10 10 10 Moved Up Stable
Medical Insurance 5 6 7 6 Moved Up Moved Up
Liability Insurance 9 7 14 10 Moved Down Moved Up
Damage to Property Insurance 5 13 7 8 Moved Up Moved Down
Aviation Insurance 5 1 2 3 Moved Down Moved Up
Marine & Transport Insurance 7 8 8 8 Moved Up Stable
Personal Accident Insurance 3 3 Stable Moved Down
Credit Insurance Stable Stable
Other Classes Stable Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
126
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 0% 0% 0% 0% Decreased Decreased
Life Insurance 2% 1% 1% 1% Increased Decreased
Medical Insurance 5% 5% 5% 5% Decreased Increased
Liability Insurance 4% 4% 1% 3% Decreased Increased
Damage to Property Insurance 5% 2% 3% 4% Increased Decreased
Aviation Insurance 6% 47% 34% 29% Decreased Increased
Marine & Transport Insurance 5% 4% 4% 4% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A Decreased
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% N/A N/A
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
127
Euro Arab Insurance Group Symbol AMMI
Established Date 8-Jan-1996
Listing Date 15-Sep-1998
Years of Experience (Operating) 21
Years of Experience (PLC) 18
Insurance Company Type Composite
Listed Shares 8,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 28,138,650 24,876,362 20,428,893 24,481,302 13% 22%
Total Investments 17,828,476 15,473,555 11,071,098 14,791,043 15% 40%
Total Liabilities 18,401,230 15,858,962 13,046,442 15,768,878 16% 22%
Total Equity 9,737,420 9,017,400 7,382,451 8,712,424 8% 22%
Total Premiums 21,729,173 18,419,194 13,621,718 17,923,362 18% 35%
Net Income 720,020 1,634,949 617,842 990,937 -56% 165%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
128
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 10 13 15 13 Moved Up Moved Up
Total Investments 10 10 15 12 Stable Moved Up
Total Liabilities 11 11 13 12 Stable Moved Up
Total Equity 12 12 13 12 Stable Moved Up
Total Premiums 9 12 15 12 Moved Up Moved Up
Net Income 11 6 10 9 Moved Down Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
129
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 4% 3% 3% 3% Increased Increased
Total Investments 4% 3% 3% 3% Increased Increased
Total Liabilities 4% 3% 3% 3% Increased Increased
Total Equity 3% 3% 3% 3% Increased Increased
Total Premiums 4% 4% 3% 4% Increased Increased
Net Income 4% 6% 5% 5% Decreased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
130
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 12,682,871 10,833,293 8,624,442 10,713,535 17% 26%
Life Insurance 1,170,938 808,095 558,623 845,885 45% 45%
Medical Insurance 5,902,520 4,682,945 2,714,201 4,433,222 26% 73%
Liability Insurance 263,906 295,013 305,626 288,182 -11% -3%
Damage to Property Insurance 961,116 971,075 882,925 938,372 -1% 10%
Aviation Insurance - - 1,346 449 -100%
Marine & Transport Insurance 501,797 700,582 424,248 542,209 -28% 65%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 246,025 128,191 110,307 161,508 92% 16%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
131
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 58% 59% 63% 60% Decreased Decreased
Life Insurance 5% 4% 4% 5% Increased Increased
Medical Insurance 27% 25% 20% 24% Increased Increased
Liability Insurance 1% 2% 2% 2% Decreased Decreased
Damage to Property Insurance 4% 5% 6% 5% Decreased Decreased
Aviation Insurance 0% 0% 0% 0% N/A Decreased
Marine & Transport Insurance 2% 4% 3% 3% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 1% 1% 1% Increased Decreased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
132
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 3 7 13 8 Moved Up Moved Up
Life Insurance 8 8 9 8 Stable Moved Up
Medical Insurance 7 9 14 10 Moved Up Moved Up
Liability Insurance 10 8 7 8 Moved Down Moved Down
Damage to Property Insurance 17 18 16 17 Moved Up Moved Down
Aviation Insurance 6 6 Stable Moved Down
Marine & Transport Insurance 14 10 16 13 Moved Down Moved Up
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 7 10 9 9 Moved Up Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
133
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 6% 5% 4% 5% Increased Increased
Life Insurance 2% 2% 2% 2% Increased Increased
Medical Insurance 4% 3% 2% 3% Increased Increased
Liability Insurance 4% 4% 4% 4% Decreased Decreased
Damage to Property Insurance 1% 2% 1% 1% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A Decreased
Marine & Transport Insurance 2% 3% 2% 2% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 3% 1% 1% 2% Increased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
134
The Islamic Insurance Symbol TIIC
Established Date 10-Jan-1996
Listing Date 28-Mar-1998
Years of Experience (Operating) 21
Years of Experience (PLC) 19
Insurance Company Type Composite
Listed Shares 12,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 37,212,247 33,635,713 30,336,874 33,728,278 11% 11%
Total Investments 31,312,352 27,689,036 25,031,429 28,010,939 13% 11%
Total Liabilities 18,681,545 14,992,081 12,943,343 15,538,990 25% 16%
Total Equity 18,530,702 18,643,632 17,393,531 18,189,288 -1% 7%
Total Premiums 22,901,791 21,451,566 19,759,789 21,371,049 7% 9%
Net Income 1,787,628 1,080,947 1,008,184 1,292,253 65% 7%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
135
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 6 7 7 7 Moved Up Stable
Total Investments 5 5 6 5 Stable Moved Up
Total Liabilities 10 12 14 12 Moved Up Moved Up
Total Equity 7 7 7 7 Stable Stable
Total Premiums 7 8 7 7 Moved Up Moved Down
Net Income 4 12 5 7 Moved Up Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
136
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 5% 4% 4% 4% Increased Increased
Total Investments 7% 6% 6% 6% Increased Increased
Total Liabilities 4% 3% 3% 3% Increased Increased
Total Equity 6% 6% 6% 6% Decreased Increased
Total Premiums 4% 4% 4% 4% Increased Increased
Net Income 10% 4% 8% 7% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
137
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 9,519,743 9,532,001 8,491,759 9,181,168 0% 12%
Life Insurance 5,312,615 4,186,986 3,260,010 4,253,204 27% 28%
Medical Insurance 5,041,424 4,748,649 4,636,386 4,808,820 6% 2%
Liability Insurance - - - -
Damage to Property Insurance 1,671,214 1,630,630 2,055,083 1,785,642 2% -21%
Aviation Insurance - - - -
Marine & Transport Insurance 850,869 881,132 909,916 880,639 -3% -3%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 505,926 472,168 406,635 461,576 7% 16%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
138
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 42% 44% 43% 43% Decreased Increased
Life Insurance 23% 20% 16% 20% Increased Increased
Medical Insurance 22% 22% 23% 23% Decreased Decreased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 7% 8% 10% 8% Decreased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 4% 4% 5% 4% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 2% 2% 2% 2% Increased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
139
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 12 12 14 13 Stable Moved Up
Life Insurance 3 3 4 3 Stable Moved Up
Medical Insurance 9 8 8 8 Moved Down Stable
Liability Insurance Stable Stable
Damage to Property Insurance 11 11 9 10 Stable Moved Down
Aviation Insurance Stable Stable
Marine & Transport Insurance 9 9 9 9 Stable Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 3 5 4 4 Moved Up Moved Down
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
140
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 4% 4% 4% 4% Decreased Increased
Life Insurance 11% 10% 9% 10% Increased Increased
Medical Insurance 3% 3% 4% 4% Decreased Decreased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 3% 3% 3% 3% Decreased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 4% 3% 4% 4% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 5% 4% 4% 5% Increased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
141
The Arab Assurers Insurance Company Symbol ARAS
Established Date 6-Jan-1996
Listing Date 19-Sep-1999
Years of Experience (Operating) 21
Years of Experience (PLC) 17
Insurance Company Type Composite
Listed Shares 9,215,909
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 14,601,399 12,823,985 13,653,511 13,692,965 14% -6%
Total Investments 7,600,610 6,003,920 6,288,358 6,630,963 27% -5%
Total Liabilities 10,662,766 9,729,702 10,620,302 10,337,590 10% -8%
Total Equity 3,938,633 3,094,283 3,033,209 3,355,375 27% 2%
Total Premiums 10,770,024 9,328,187 12,483,942 10,860,718 15% -25%
Net Income 454,077 (43,664) (71,520) 112,964 -1140% -39%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
142
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 20 20 21 20 Stable Moved Up
Total Investments 19 21 19 20 Moved Up Moved Down
Total Liabilities 19 20 19 19 Moved Up Moved Down
Total Equity 20 21 21 21 Moved Up Stable
Total Premiums 18 19 16 18 Moved Up Moved Down
Net Income 15 21 17 18 Moved Up Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
143
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % % % 2015-2014 2014-2013
Total Assets 2% 2% 2% 2% Increased Decreased
Total Investments 2% 1% 1% 1% Increased Decreased
Total Liabilities 2% 2% 3% 2% Increased Decreased
Total Equity 1% 1% 1% 1% Increased Decreased
Total Premiums 2% 2% 3% 2% Increased Decreased
Net Income 2% 0% -1% 1% Increased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
144
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 7,883,561 7,133,372 8,434,957 7,817,297 11% -15%
Life Insurance - 887 17,548 6,145 -100% -95%
Medical Insurance 1,850,339 1,222,402 3,103,511 2,058,751 51% -61%
Liability Insurance 62,977 67,345 41,471 57,264 -6% 62%
Damage to Property Insurance 588,764 509,743 484,594 527,700 16% 5%
Aviation Insurance - - - -
Marine & Transport Insurance 276,239 291,769 275,835 281,281 -5% 6%
Personal Accident Insurance 108,144 99,942 121,594 109,893 8% -18%
Credit Insurance - 2,726 4,431 2,386 -100% -38%
Other Classes - - - -
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
145
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 73% 76% 68% 72% Decreased Increased
Life Insurance 0% 0% 0% 0% Decreased Decreased
Medical Insurance 17% 13% 25% 18% Increased Decreased
Liability Insurance 1% 1% 0% 1% Decreased Increased
Damage to Property Insurance 5% 5% 4% 5% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 3% 3% 2% 3% Decreased Increased
Personal Accident Insurance 1% 1% 1% 1% Decreased Increased
Credit Insurance 0% 0% 0% 0% Decreased Decreased
Other Classes 0% 0% 0% 0% N/A N/A
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
146
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 15 16 16 16 Moved Up Stable
Life Insurance 15 15 15 Moved Down Stable
Medical Insurance 17 19 13 16 Moved Up Moved Down
Liability Insurance 14 14 16 15 Stable Moved Up
Damage to Property Insurance 19 19 19 19 Stable Stable
Aviation Insurance Stable Stable
Marine & Transport Insurance 17 18 19 18 Moved Up Moved Up
Personal Accident Insurance 2 2 2 2 Stable Stable
Credit Insurance 4 4 4 Moved Down Stable
Other Classes Stable Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
147
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 3% 3% 4% 4% Increased Decreased
Life Insurance 0% 0% 0% 0% Decreased Decreased
Medical Insurance 1% 1% 3% 2% Increased Decreased
Liability Insurance 1% 1% 1% 1% Decreased Increased
Damage to Property Insurance 1% 1% 1% 1% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 1% 1% 1% 1% Increased Increased
Personal Accident Insurance 30% 32% 39% 34% Decreased Decreased
Credit Insurance 0% 0% 1% 1% Decreased Decreased
Other Classes 0% 0% 0% 0% N/A N/A
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
148
Arab Jordanian Insurance Group Symbol ARGR
Established Date 15-Oct-1996
Listing Date 3-Jan-2000
Years of Experience (Operating) 20
Years of Experience (PLC) 17
Insurance Company Type Composite
Listed Shares 9,500,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 17,103,846 15,536,731 13,730,083 15,456,887 10% 13%
Total Investments 6,647,468 6,028,140 4,440,494 5,705,367 10% 36%
Total Liabilities 11,749,297 10,746,918 9,999,380 10,831,865 9% 7%
Total Equity 5,354,549 4,789,813 3,730,703 4,625,022 12% 28%
Total Premiums 13,372,125 11,162,041 10,476,295 11,670,154 20% 7%
Net Income 503,489 520,357 (336,716) 229,043 -3% -255%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
149
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 19 19 20 19 Stable Moved Up
Total Investments 21 20 23 21 Moved Down Moved Up
Total Liabilities 18 18 21 19 Stable Moved Up
Total Equity 17 18 19 18 Moved Up Moved Up
Total Premiums 16 17 18 17 Moved Up Moved Up
Net Income 14 19 20 18 Moved Up Moved Up
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
150
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 2% 2% 2% 2% Increased Increased
Total Investments 1% 1% 1% 1% Increased Increased
Total Liabilities 2% 2% 2% 2% Increased Increased
Total Equity 2% 2% 1% 2% Increased Increased
Total Premiums 3% 2% 2% 2% Increased Decreased
Net Income 3% 2% -3% 1% Increased Increased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
151
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 7,440,092 6,723,239 7,037,285 7,066,872 11% -4%
Life Insurance 490,353 433,888 319,897 414,713 13% 36%
Medical Insurance 3,895,821 2,523,909 1,854,510 2,758,080 54% 36%
Liability Insurance - - - -
Damage to Property Insurance 1,099,852 989,001 726,421 938,425 11% 36%
Aviation Insurance - - - -
Marine & Transport Insurance 245,937 311,474 337,316 298,242 -21% -8%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 200,070 180,530 200,866 193,822 11% -10%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
152
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 56% 60% 67% 61% Decreased Decreased
Life Insurance 4% 4% 3% 4% Decreased Increased
Medical Insurance 29% 23% 18% 23% Increased Increased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 8% 9% 7% 8% Decreased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 2% 3% 3% 3% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 1% 2% 2% 2% Decreased Decreased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
153
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 18 18 19 18 Stable Moved Up
Life Insurance 11 11 12 11 Stable Moved Up
Medical Insurance 13 15 17 15 Moved Up Moved Up
Liability Insurance Stable Stable
Damage to Property Insurance 15 17 17 16 Moved Up Stable
Aviation Insurance Stable Stable
Marine & Transport Insurance 18 17 17 17 Moved Down Stable
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 10 7 7 8 Moved Down Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
154
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 3% 3% 3% 3% Increased Decreased
Life Insurance 1% 1% 1% 1% Decreased Increased
Medical Insurance 3% 2% 2% 2% Increased Increased
Liability Insurance 0% 0% 0% 0% N/A N/A
Damage to Property Insurance 2% 2% 1% 1% Increased Increased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 1% 1% 1% 1% Decreased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 2% 2% 2% 2% Increased Decreased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
155
The Mediterranean & Gulf Insurance Company - Jordan PLC Symbol MDGF
Established Date 21-Nov-2006
Listing Date 20-May-2007
Years of Experience (Operating) 10
Years of Experience (PLC) 10
Insurance Company Type Non-Life
Listed Shares 10,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 24,922,092 25,596,649 24,215,952 24,911,564 -3% 6%
Total Investments 9,634,046 9,360,806 7,774,027 8,922,960 3% 20%
Total Liabilities 18,204,153 18,979,546 16,913,709 18,032,469 -4% 12%
Total Equity 6,717,939 6,617,103 7,302,243 6,879,095 2% -9%
Total Premiums 16,938,152 18,701,657 17,617,939 17,752,583 -9% 6%
Net Income 94,165 (674,868) 117,314 (154,463) -114% -675%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
156
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 14 11 10 12 Moved Down Moved Down
Total Investments 16 17 18 17 Moved Up Moved Up
Total Liabilities 12 7 7 9 Moved Down Stable
Total Equity 16 15 14 15 Moved Down Moved Down
Total Premiums 13 11 9 11 Moved Down Moved Down
Net Income 19 23 16 19 Moved Up Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
157
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 3% 3% 3% 3% Decreased Decreased
Total Investments 2% 2% 2% 2% Decreased Increased
Total Liabilities 4% 4% 4% 4% Decreased Increased
Total Equity 2% 2% 2% 2% Decreased Decreased
Total Premiums 3% 4% 4% 4% Decreased Decreased
Net Income 1% -2% 1% 0% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
158
Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 9,264,148 9,795,498 8,929,597 9,329,748 -5% 10%
Life Insurance - - - -
Medical Insurance 4,896,186 6,183,445 5,668,174 5,582,602 -21% 9%
Liability Insurance 168,276 127,418 136,702 144,132 32% -7%
Damage to Property Insurance 1,887,843 1,935,831 2,263,771 2,029,148 -2% -14%
Aviation Insurance - - - -
Marine & Transport Insurance 688,598 610,846 603,825 634,423 13% 1%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 33,101 48,620 15,870 32,530 -32% 206%
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
159
Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 55% 52% 51% 53% Increased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 29% 33% 32% 31% Decreased Increased
Liability Insurance 1% 1% 1% 1% Increased Decreased
Damage to Property Insurance 11% 10% 13% 11% Increased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 4% 3% 3% 4% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% Decreased Increased
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
160
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 13 10 9 11 Moved Down Moved Down
Life Insurance Stable Stable
Medical Insurance 10 7 6 8 Moved Down Moved Down
Liability Insurance 11 13 12 12 Moved Up Moved Down
Damage to Property Insurance 9 8 6 8 Moved Down Moved Down
Aviation Insurance Stable Stable
Marine & Transport Insurance 11 14 13 13 Moved Up Moved Down
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 17 15 16 16 Moved Down Moved Up
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
161
Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 4% 4% 4% 4% Decreased Increased
Life Insurance 0% 0% 0% 0% N/A N/A
Medical Insurance 3% 5% 5% 4% Decreased Decreased
Liability Insurance 2% 2% 2% 2% Increased Decreased
Damage to Property Insurance 3% 3% 4% 3% Decreased Decreased
Aviation Insurance 0% 0% 0% 0% N/A N/A
Marine & Transport Insurance 3% 2% 2% 3% Increased Decreased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 0% 0% 0% 0% Decreased Increased
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
162
First Insurance Symbol FINS
Established Date 28-Dec-2006
Listing Date 27-Aug-2007
Years of Experience (Operating) 10
Years of Experience (PLC) 9
Insurance Company Type Composite
Listed Shares 28,000,000
Balance Sheet & Income Statement Items 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Total Assets 51,412,349 40,957,561 37,521,138 43,297,016 26% 9%
Total Investments 26,812,665 27,144,494 23,413,369 25,790,176 -1% 16%
Total Liabilities 21,323,509 14,556,545 11,661,577 15,847,210 46% 25%
Total Equity 30,088,840 26,401,016 25,859,561 27,449,806 14% 2%
Total Premiums 26,326,693 25,867,086 22,397,313 24,863,697 2% 15%
Net Income 1,318,641 1,355,685 843,721 1,172,682 -3% 61%
-
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Balance Sheet & Income Statement Items
2015 2014 2013
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
163
Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Total Assets 5 5 5 5 Stable Stable
Total Investments 6 6 7 6 Stable Moved Up
Total Liabilities 7 15 18 13 Moved Up Moved Up
Total Equity 4 4 4 4 Stable Stable
Total Premiums 5 4 4 4 Moved Down Stable
Net Income 6 8 7 7 Moved Up Moved Down
56
7
45
65
6
15
4 4
8
5
7
18
4 4
7
0
2
4
6
8
10
12
14
16
18
20
Total Assets Total Investments Total Liabilities Total Equity Total Premiums Net Income
Ranking in the Jordanian Market
2015 2014 2013
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Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Total Assets 6% 5% 5% 6% Increased Increased
Total Investments 6% 6% 5% 6% Decreased Increased
Total Liabilities 4% 3% 3% 3% Increased Increased
Total Equity 10% 9% 9% 9% Increased Decreased
Total Premiums 5% 5% 5% 5% Decreased Increased
Net Income 7% 5% 7% 6% Increased Decreased
0% 2% 4% 6% 8% 10% 12%
Total Assets
Total Investments
Total Liabilities
Total Equity
Total Premiums
Net Income
Market Share in the Jordanian Market
2013 2014 2015
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Gross Written Premiums 2015 2014 2013 Average Growth % Growth %
JOD JOD JOD
JOD
2015-2014 2014-2013
Motor Insurance 10,992,784 9,993,504 8,469,844 9,818,711 10% 18%
Life Insurance 483,368 - - 161,123
Medical Insurance 6,819,190 8,292,494 6,118,351 7,076,678 -18% 36%
Liability Insurance 424,967 1,185,205 880,027 830,066 -64% 35%
Damage to Property Insurance 5,915,301 4,725,738 5,817,557 5,486,199 25% -19%
Aviation Insurance 313,545 - - 104,515
Marine & Transport Insurance 1,032,373 1,670,145 1,111,534 1,271,351 -38% 50%
Personal Accident Insurance - - - -
Credit Insurance - - - -
Other Classes 828,533 - - 276,178
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Motor Insurance
Life Insurance Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident
Insurance
Credit Insurance
Other Classes
Gross Written Premiums by Insurance Product
2015 2014 2013
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Gross Written Premiums Concentration 2015 2014 2013 Average Indicators Indicators
% % % % 2015-2014 2014-2013
Motor Insurance 42% 39% 38% 39% Increased Increased
Life Insurance 2% 0% 0% 1% Increased N/A
Medical Insurance 26% 32% 27% 28% Decreased Increased
Liability Insurance 2% 5% 4% 3% Decreased Increased
Damage to Property Insurance 22% 18% 26% 22% Increased Decreased
Aviation Insurance 1% 0% 0% 0% Increased N/A
Marine & Transport Insurance 4% 6% 5% 5% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 3% 0% 0% 1% Increased N/A
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Motor Insurance
Life Insurance
Medical Insurance
Liability Insurance
Damage to Property Insurance
Aviation Insurance
Marine & Transport Insurance
Personal Accident Insurance
Credit Insurance
Other Classes
Gross Written Premiums Concentration
2013 % 2014 % 2015 %
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Ranking in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
Ranking Ranking Ranking
Ranking
2015-2014 2014-2013
Motor Insurance 9 9 15 11 Stable Moved Up
Life Insurance 12 12 Moved Up Stable
Medical Insurance 6 4 3 4 Moved Down Moved Down
Liability Insurance 6 3 3 4 Moved Down Stable
Damage to Property Insurance 4 5 4 4 Moved Up Moved Down
Aviation Insurance 2 2 Moved Up Stable
Marine & Transport Insurance 8 5 6 6 Moved Down Moved Up
Personal Accident Insurance Stable Stable
Credit Insurance Stable Stable
Other Classes 2 2 Moved Up Stable
9
12
6 6
4
2
8
0 0
2
9
0
4
3
5
0
5
0 0 0
15
0
3 3
4
0
6
0 0 0
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
RANKING IN THE JORDANIAN MARKET BY PRODUCT
2015 Ranking 2014 Ranking 2013 Ranking
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Market Share in the Jordanian Market 2015 2014 2013 Average Indicators Indicators
% % %
%
2015-2014 2014-2013
Motor Insurance 5% 5% 4% 4% Increased Increased
Life Insurance 1% 0% 0% 0% Increased N/A
Medical Insurance 5% 6% 5% 5% Decreased Increased
Liability Insurance 6% 16% 13% 12% Decreased Increased
Damage to Property Insurance 9% 7% 9% 9% Increased Decreased
Aviation Insurance 20% 0% 0% 7% Increased N/A
Marine & Transport Insurance 4% 6% 4% 5% Decreased Increased
Personal Accident Insurance 0% 0% 0% 0% N/A N/A
Credit Insurance 0% 0% 0% 0% N/A N/A
Other Classes 9% 0% 0% 3% Increased N/A
5%
1%
5% 6
%
9%
20
%
4%
0%
0%
9%
5%
0%
6%
16
%
7%
0%
6%
0%
0%
0%
4%
0%
5%
13
%
9%
0%
4%
0%
0%
0%
M O T O R I N S U R A N C E
L I F E I N S U R A N C E
M E D I C A L I N S U R A N C E
L I A B I L I T Y I N S U R A N C E
D A M A G E T O P R O P E R T Y
I N S U R A N C E
A V I A T I O N I N S U R A N C E
M A R I N E & T R A N S P O R T I N S U R A N C E
P E R S O N A L A C C I D E N T
I N S U R A N C E
C R E D I T I N S U R A N C E
O T H E R C L A S S E S
MARKET SHARE IN THE JORDANIAN MARKET BY PRODUCT
2015 % 2014 % 2013 %
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
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About the Author Tariq started his career with a multi-industry group, that
the International Group for Constructions, in which he was
a key player in a major infrastructure project in one of
Iraq’s high risk areas, which is Kirkuk-Baiji gas pipeline
project, where he was participated in forming a consortium
with Korea’s gas giant KOGAS and then he was
responsible of the project financing and financial modeling
affairs.
In the same time, Tariq delivered more than 7 financial and
feasibility studies for a major mega project in several
governorates in Iraq to attract equity investors in which his
former employer successfully attracted funds.
Later, Tariq joined one of Jordan’s first class engineering
firms, that is Mostaqbal Engineering and Environmental
Consultants, where he participated in the World Bank
funded project, which is Emergency Services and Social
Resilience Project, and was responsible in designing
financial models and pushing disbursements for nine
municipalities hosting Syria refugees in order to tackle
solid waste crisis and other pressing issues in the north of
Jordan.
Soon after, Tariq started his journey with Shirlaws by
designing a financial model for an UAE based insurance
company that wants to expand its products mix in the
Qatari market. He studied the company’s capacity and
built a self-financing financial model with two scenarios.
Lastly, Tariq has a strong experience in the Jordanian real
estate market where he demonstrated his financial
planning skills in reviving dead assets and generating
profit out of these assets; especially in the residential
market.
In addition, Tariq is preparing for his CMA exams and holds a first-class bachelor degree in
Business Management from the University of Greenwich, London – United Kingdom.
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
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General Info Date/Place of Birth: 18th March, 1988 – Kuwait Marital Status/Nationality: Single – Jordanian
Key Objectives 1. Long-term consulting project.
2. Continue my education in the financial field by
obtaining the CMA designation.
Consultancy Experience 1. Investment & Financial Modelling Consultant @ PanBuck Jordan PSC [14th December 2015 – Present]
2. Financial Modelling Consultant @ International House [14th November 2015 – Present]
3. Financial Modelling Consultant @ Shirlaws Middle East [31st May 2015 – 31st December 2015]
Corporate Experience 1. Marketing & Business Development Officer @ Mostaqbal [15th April 2015 – 14th July 2015]
2. Project Finance Officer @ Integrated Technical Solutions [1st June 2013 – 26th February 2015]
Education 1. Awarded 1st Class Honours in Bachelor of Arts (Honours) Business Management from The University of
Greenwich [2009 - 2012]
2. Awarded 2nd Class Honours in International Foundation Diploma from The University of Greenwich [2008 - 2009]
3. Awarded 75.1% in Tawjihi - Scientific Stream from Amman Baptist School [1999-2006]
4. Primary School from Amman International School [1992-1999]
Accounting & Finance Courses 1. Certified Management Accountant Course @ Majody for
Auditing – 6th November 2014 – 29th July 2015].
Test Score 1. International English Language Testing System
(IELTS) – 26th July 2008 [Score: 6.0 out of 9.0].
Key Financial Models 2016
1. Converting a holding company business model in which this holding company owns insurance companies in 7 Arab
countries. It wants to present a 3-year forecast to its board of directors where it wants to integrate new products
& services, implement new retrocession strategy, and outsource non-core operating activities.
2. Meeting the Central Bank of Bahrain’s requirement to register & establish a Captive Reinsurance Company in
Bahrain.
3. Submitting an investment proposal to raise equity/debt to finance the construction of a 16-storey tower in Dubai.
4. Submitting an investment proposal to raise equity/debt to finance the construction a mixed-use development in
Dubai.
5. Submitting an investment proposal to raise equity to expand a service company franchise in Palestine and Saudi
Arabia.
6. Budgeting & forecasting the revenue and expenses of several investments in real estate, textile, hospitality, and
services for an Emirati Businessman.
2015
1. Developing a real estate agency business model for an Australian real estate group.
2. Developing an expansion model of an UAE based insurance company that wants to expand its products mix in the
Qatari market.
3. Developing a pricing model for a cosmetic distribution company based in UAE.
4. Developing financial models for the use of disbursements funded by the World Bank for nine municipalities hosting
Syria refugees to tackle solid waste crisis and other pressing issues in the north of Jordan.
5. Developing a model to unify inventory and raw materials codes for a Saudi aluminum manufacturing company
acquired another Saudi aluminum manufacturing company.
Other models
1. Developing financial models to study the market share and financial analysis of the banking, insurance & real estate
sectors.
2. Developing financial models for feasibility study to raise equity/debt to finance the construction of hospitals,
hotels, car parking, residential buildings, commercial complexes, and malls.
3. Developing financial models for SMEs including recruitment & marketing agencies, care hire companies,
restaurants, and cafes.
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
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My Services
Industry Analysis
Competitive Analysis
Target Market Analysis
Market Analysis
Financial Analysis
Technical Analysis
Capacity Solutions
Productivity Solutions
Efficiency Solutions
Market
Research
Feasibility
Studies
Business
Solutions
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
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Increasing Revenue
Cutting Cost
Raising Funds
Defining the outputs
Developing the scenarios
Managing the model
development process
Forecasting revenue
Forecasting Operating
costs
Evaluating Capital
expenditure
Finance
Solutions
Business
Modelling
Financial
Modelling
Tariq Al-Basha – [email protected] – 00962 7 9767 7418
2015 JORDANIAN INSURANCE SECTOR REPORT TARIQ AL-BASHA
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Strategic planning
Analyzing the environment
Analyzing the firm
Industry and competitor analysis
Product and portfolio analysis
SWOT analysis
Generating strategic options
Market analysis and strategy
Market forecasting
The operational plan
Modelling the business
Completing the financial statements
Reviewing the financial statements
Evaluating strategic options
Funding issues
Risk analysis
Mobile: 00962 7 9767 7418
Email: [email protected]
Business
Planning
Contact
Me