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Key Indicators for 2011
Gross written premium reached JD 46.3 million compared with JD 42.8 million in 2010
.
JIC achieved JD 3.04 million net profit before tax
.
Technical profit reached JD 2.83 million compared with JD 4.002 in 2010
.
The fair value of financial assets ( through profit and loss account, and comprehensive income) amounted to JD 29.6 million for the year ended in 31/12/2011 compared to JD 27.8 million at the end of the year 2010.
Shareholders’ equity decreased by 1.01 million to reach JD 44.28 million
.
Total assets increased by 11.2% to reach JD 76.8 million compared to JD 69.08 million in 2010
.
AM-BEST; the world's most authoritative insurance rating agencies in the world; has
affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Jordan Insurance Company PlC. The outlook for both ratings remains stable.
JIC was awarded Jordan Insurer of the year for 2011 and 2012 by Mena Insurance Review
.
JIC Invested in three regional insurance companies: Arabian Insurance Co-operative Co., Saudi Arabia, Watania Insurance Co., Yemen, and Asia Insurance Co., Sulaymaniyah, Iraq
.
Copyright 2010 JORDAN Insurance Company. All rights reserved
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