JD 813 Thousand, the Half-year Profits of the National Insurance Company 2021

Jarrar: The National Insurance, due to its good reputation and good experience, will provide satisfactory results for this year.

 

National Insurance Company announced that it achieved an expected net profit after tax of JD 813 thousand for the period ending on June 30, 2021, compared to a net profit of JD 884 thousand 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 7.1 million, compared to 2020, which amounted to JD 7.6 million.
The company indicated that the compensation paid for the period ending in June 2021 amounted to JD (7) million, compared to JD (7.1) million for the same period in 2020. The total expenses decreased to JD 194 thousand in the first half of 2021 compared to JD (475) thousand for 2020. Total assets for the semi-annual period of 2021 amounted to JD (29) million.
The company indicated that the half-year net written premiums amounted to JD (5.7) million, compared to JD (5.4) million for the same period of 2020.

The share of the the period ended on 30 June 2021 profit was (0.102) fils/jd, while it was 0.098 fils/JD last year.
Commenting on the results for this period, Manal Jarrar, Director-General of National Insurance, said that the conditions surrounding the region are still in an unstable situation, but there are indications that the cloud has eased with regard to the consequences of the Corona pandemic, adding that she sees the results of the first half as positive.
Jarrar stressed that the National Insurance, thanks to its good reputation and good experience, will provide satisfactory results for this year, in a way that guarantees the interests of shareholders and raises the highest quality in providing services to its clients.