Home Contact Us Careers Site Map عربي





Useful Links






Products








Copyright © 2014

Powered by: First Insurance Co.

All Rights Reserved.

Connect with Us

February 9, 2014

 

First Insurance Company realizes JD.1.3 million in Profits for the year 2013

 

 

The Board of Directors of First Insurance Company ratified the Financial Statements of 2013 which showed pre-tax profits of 1.3 million Jordanian Dinars while the net after tax and allocations profits reached approximately one million Jordanian Dinars.  The Comprehensive Income for the year 2013 has risen to 1.074 million Jordanian Dinars compared with 1.058 million Jordanian Dinars for the year 2012.

 

The Company realized a substantial growth in pre-tax policy holders dividends where their dividends for the year 2013 reached 47,801/= Jordanian Dinars compared with 5,845/= Jordanian Dinars for the year 2012.

 

The total written premium for the year 2013 has risen to 22.397 million Jordanian Dinars compared with 21.296 million Jordanian Dinars for the year 2012.

 

The Company has maintained the solid Financial Position supported by important financial indicators which include, inter alia, high liquidity ratio where cash and deposits at banks reached 21.600 million Dinars or 57% of the Total Assets which reached 37.520 million Dinars.  The Company was also able to increase its net technical reserves to become 6.713 million Dinars which confers upon the Company's customers and shareholders the confidence in the Company's capability to meet its obligations.

 

Moreover, the Board of Directors recommended to the Company's General Assembly to distribute cash dividends to the shareholders at 4% of the Company's capital for the year 2013.

 

Dr. Ali Wazani, the Company's Chief Executive Officer asserted that such results are consistent with the Company's plan and are promising for positive results particularly in view of the geographical expansion plan and the enhancement of distribution outlets which the Company lends significant importance.

Company News
Read also

Company NewsTeam News

About Us Products Takaful Re-insurance Financials Gallery Publications News

February 9, 2014

First Insurance Company realizes JD.1.3 million in Profits for the year 2013

 

February 6, 2014

First Insurance acquires the Global Classification B++ for the Third Year

 

February 3, 2014

First Insurance Company holds a Workshop in Cooperation with Jordan Health Insurance Association