JD 1.1 Million Net Half Profits of Jordan Insurance of 2021
Abdulkhaliq: Half-year results for this year were good compared to difficult economic conditions and intense competition
Jordan Insurance Company announced that it achieved an expected net profit after tax of JD 1.1 million for the period ending on June 30, 2021, compared to a net profit of JD 2.4 million for the period ending on June 30, 2020.
The company stated to the Securities and Exchange Commission that total half revenues for 2021 amounted to JD 19.8 million, compared to 2020, which amounted to JD 20 million.
The company indicated that the compensation paid for the period ending in June 2021 amounted to JD (10.5) million, compared to JD (9.4) million for the same period in 2020. The total expenses inclined to JD 18.3 million in the first half of 2021 compared to JD (17.4) million for 2020. Total assets for the semi-annual period of 2021 amounted to JD (106) million.
The company indicated that the half-year net written premiums amounted to JD (16) million, compared to JD (16.6) million for the same period of 2020.
The share of the the period ended on 30 June 2021 profit was (0.038) fils/jd, while it was 0.082 fils/JD last year.
Commenting on the results, the general manager of the company, Mr. Imad AbdulKhaliq, expressed his pride in the great effort made by the company’s management and all employees of all their names, as the mid-term results for this year were good compared to the difficult economic conditions and intense competition, and the company will continue to follow various policies and strategies to achieve profits Bigger for this year, God willing.