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 Content
  
  
  
 Insurance Business for the Year 2015
.
    
 

2015

2014

Change%

 

(J.D)

 

Total Underwritten Premiums

550,366,870

525,708,175 4,7%

Non-Life Premiums (General Insurances)

334,932,821

330,941,901 1,2%

Life Premiums

61,038,255

53,096,513 15,0%

Medical Premiums

154,395,794

141,669,761 9,0%

Total Paid Claims

371,770,418

372,917,554 -0,3%

 Non-Life Paid Claims (General Insurances)

220,526,996

231,018,190 -4,5%

Life Paid Claims

27,212,033

28,542,839 -4,7%

Medical  Paid Claims

124,031,389

113,356,525 9,4%
 

Million(J.D)

 

Shareholders' Equity

326,8

330,5 -1,1%

Total Technical Provisions

387,5

356,4 8,7%

Paid Up Capital

269

268,3 0,3%

Total Shareholders' Equity&Technical Provisions

714,3

686,9 4%

Total Assets

870,2

842,5 3,3%

Investments

533,6

524,6 2%

Retained Earnings (Accumulated Losses)

15,9 14 14%

Net Technical  Profit (Loss) Before Tax

30,3

40,9 -26,0%

Net Technical Profit (Loss) Inside Jordan  

34

34,9 -2,6%

 Net Technical Profit (Loss) of Branches Outside Jordan

-1,2

0,8 -255,3%

 Net Technical Profit (Loss)  (Inside & Outside Jordan)

32,8

35,7 -8%

Net Profit (Loss)  (After Tax and Fees)

22,1

32,9 -32,6%
  
 Premiums (J.D)
 
 

2015

2014

Motor Insurance

221,882,435

212,529,081

Medical Insurance

154,395,794

141,669,761

Fire Insurance

69,510,772

69,119,571

Life Assurance

61,038,255

53,096,513

Marine Insurance

24,085,474

28,658,379

General Accident Insurance

18,474,171

19,935,818

Credit Insurance

979,969

699,052

Total

550,366,870

525,708,175
  
 Paid Claims (J.D)
 
 

2015

2014

Motor Insurance

188,462,270

175,678,592

Medical Insurance

124,031,389

113,356,525

Life Assurance

27,212,033

28,542,839

Fire Insurance

19,919,195

42,142,301

Marine Insurance

7,309,789

7,074,415

General Accident Insurance

3,928,970

5,405,758

Credit Insurance   

906,772

717,124

Total

371,770,418

372,917,554
  
 Growth of Premiums for All Classes 2010 - 2015 (JD)

2015

2014

2013

2012

2011

2010

24,085,474

28,658,379

28,086,631

30,150,137

30,738,029

24,613,910

MARINE & AVIATION INSURANCE*

1,176,713

1,344,779

1,287,824

2,164,549

1,668,361

1,070,048

Less (Local) reinsurers premiums

*

18,959,059

22,863,728

22,879,389

24,363,515

25,545,676

20,167,078

Less (Abroad) reinsurers premiums

*

3,949,702

4,449,872

3,919,418

3,622,073

3,523,992

3,376,784

Net retained premiums

*

69,510,772

69,119,571

68,339,553

60,651,004

57,369,056

56,342,885

FIRE INSURANCE

16,053,060

14,697,256

12,608,340

11,033,529

11,489,787

11,763,576

Less (Local) reinsurers premiums

*

49,614,119

50,835,885

51,766,876

46,200,213

42,858,018

41,841,091

Less (Abroad) reinsurers premiums

*

3,843,593

3,586,430

3,964,337

3,417,262

3,021,251

2,738,218

Net retained premiums

*

221,882,435

212,529,081

201,672,152

193,332,018

184,688,009

176,714,739

MOTOR INSURANCE

12,376,940

13,241,096

12,717,518

12,498,604

12,610,958

11,667,555

Less (Local) reinsurers premiums

*

5,891,829

5,277,774

4,005,415

4,598,225

3,791,688

4,123,105

Less (Abroad) reinsurers premiums

*

203,613,666

194,010,211

184,949,219

176,235,189

168,285,363

160,924,079

Net retained premiums

*

18,474,171

19,935,818

17,648,639

15,953,296

17,432,140

18,414,831

GENERAL ACCIDENT INSURANCE**

2,029,828

2,394,059

2,170,938

1,708,898

1,955,271

2,302,668

Less (Local) reinsurers premiums

*

12,107,288

13,265,109

11,424,225

9,863,237

10,375,332

10,830,924

Less (Abroad) reinsurers premiums

*

4,337,055

4,276,650

4,053,476

4,381,161

5,101,537

5,281,239

Net retained premiums

*

979,969

699,052

397,979

307,160

455,009

464,035

CREDIT INSURANCE

0

0

0

0

0

0

Less (Local) reinsurers premiums

*

728,364

450,320

192,592

92,398

115,839

116,733

Less (Abroad) reinsurers premiums

*

251,605

248,732

205,387

214,762

339,170

347,302

Net retained premiums

*

334,932,821

330,941,901

316,144,954

300,393,615

290,682,243

276,550,400

TOTAL NON-LIFE INSURANCES

31,636,541

31,677,190

28,784,620

27,405,580

27,724,377

26,803,847

Less (Local) reinsurers premiums

*

87,300,659

92,692,816

90,268,497

85,117,588

82,686,553

77,078,931

Less (Abroad) reinsurers premiums

*

215,995,621

206,571,895

197,091,837

187,870,447

180,271,313

172,667,622

Net retained premiums

*

61,038,255

53,096,513

47,437,142

43,766,880

40,800,332

38,038,112

LIFE ASSURANCE

2,893,386

2,589,109

1,964,965

1,936,133

2,336,883

1,962,591

Less (Local) reinsurers premiums

*

18,903,003

17,270,186

15,888,856

13,409,464

12,719,707

11,917,113

Less (Abroad) reinsurers premiums

*

39,241,866

33,237,218

29,583,321

28,421,283

25,743,742

24,158,408

Net retained premiums

*

154,395,794

141,669,761

127,349,809

117,506,160

105,948,171

94,026,914

MEDICAL INSURANCE

1,067,625

861,193

920,133

1,022,807

1,257,000

624,881

Less (Local) reinsurers premiums

*

66,018,227

60,006,254

49,796,469

53,212,350

51,168,383

36,954,421

Less (Abroad) reinsurers premiums

*

87,309,942

80,802,314

76,633,207

63,271,003

53,522,788

56,447,612

Net retained premiums

*

550,366,870

525,708,175

490,931,905

461,666,655

437,430,746

408,615,426

TOTAL UNDERWRITTEN PREMIUMS

35,597,552

35,127,492

31,669,718

30,364,520

31,318,260

29,391,319

Less (Local) reinsurers premiums

*

172,221,889

169,969,256

155,953,822

151,739,402

146,574,643

125,950,465

Less (Abroad) reinsurers premiums

*

342,547,429

320,611,427

303,308,365

279,562,733

259,537,843

253,273,642

Net retained premiums

*

*Marine Insurance premiums in 2015 include Aviation Insurance premiums with an amount of J.D (1,571,488) .
**General Accident Insurance premiums in 2015 include Liability Insurance premiums with an amount of J.D (7,428,601)in addition to other insurances

  
 Growth of Paid Claims for All Classes 2010 - 2015 (JD)

2015

2014

2013

2012

2011

2010

 

7,309,789

7,074,415

6,411,414

11,809,620

5,003,089

4,684,069

MARINE & AVIATION INSURANCE*

 

280,420

697,825

977,209

329,530

160,349

230,675

Recoveries

*

 

8,413

80,417

-242,757

10,472

189,222

35,458

Less Local Reinsurers Share

*

 

5,819,014

5,702,265

5,019,288

10,913,219

3,793,767

3,668,793

Less (Abroad)Reinsurers Share

*

 

1,201,942

593,908

657,674

556,399

859,751

749,143

Retained Claims

*

 

 

19,919,195

42,142,301

12,750,863

12,534,898

25,569,297

11,234,683

FIRE INSURANCE

 

1,712,342

472,164

274,925

202,390

1,490,208

243,719

Recoveries

*

 

1,593,704

5,336,149

742,356

1,110,769

5,957,984

1,937,764

Less Local Reinsurers Share

*

 

15,306,546

34,762,368

10,524,672

10,149,647

17,991,631

8,035,801

Less (Abroad)Reinsurers Share

*

 

1,306,603

1,571,620

1,208,910

1,072,092

129,474

1,017,399

Retained Claims

*

 

 

188,462,270

175,678,592

160,388,032

171,699,125

190,783,410

160,331,459

MOTOR INSURANCE

 

29,572,043

29,524,000

25,754,971

27,527,434

28,378,307

23,270,635

Recoveries

*

3,825,837

4,152,851

3,170,399

3,690,362

4,426,198

4,637,059

Less Local Reinsurers Share

*

2,569,615

2,580,482

3,377,473

4,270,608

4,340,076

4,428,996

Less (Abroad)Reinsurers Share

*

152,494,775

139,421,259

128,085,189

136,210,721

153,638,829

127,994,769

Retained Claims

*

3,928,970

5,405,758

1,827,511

2,165,157

2,938,564

2,658,052

GENERAL ACCIDENT INSURANCE**

 

122,816

79,055

60,211

50,612

31,368

23,282

Recoveries

*

292,646

166,538

272,132

292,076

90,399

289,690

Less Local Reinsurers Share

*

2,665,162

4,396,294

751,358

489,411

1,223,799

1,058,153

Less (Abroad)Reinsurers Share

*

848,346

763,871

743,810

1,333,058

1,592,998

1,286,927

Retained Claims

*

906,772

717,124

803,072

838,458

911,112

2,093,502

CREDIT INSURANCE

 

695,041

681,098

863,548

763,524

830,749

449,632

Recoveries

*

0

0

0

0

0

Less Local Reinsurers Share

*

192,400

103,769

46,246

62,292

133,745

592,576

Less (Abroad)Reinsurers Share

*

19,331

-67,743

-106,722

12,642

-53,382

1,051,294

Retained Claims

*

220,526,996

231,018,190

182,180,892

199,047,258

225,205,472

181,001,765

TOTAL NON-LIFE INSURANCES

 

32,382,662

31,454,142

27,930,864

28,873,490

30,890,981

24,217,943

Recoveries

*

5,720,600

9,735,955

3,942,130

5,103,679

10,663,803

6,899,971

Less Local Reinsurers Share

*

26,552,737

47,545,178

19,719,037

25,885,177

27,483,018

17,784,319

Less (Abroad) Reinsurers Share

*

155,870,997

142,282,915

130,588,861

139,184,912

156,167,670

132,099,532

Retained Claims

*

27,212,033

28,542,839

24,507,371

24,264,674

21,368,204

20,371,170

LIFE ASSURANCE***

 

1,194

884

12,360

19,083

9,673

62,092

Recoveries

*

1,042,314

2,002,486

1,055,039

1,727,302

1,354,388

1,092,171

Less Local Reinsurers Share

*

12,779,871

13,439,501

11,827,851

9,997,673

9,255,185

8,332,427

Less (Abroad)Reinsurers Share

*

13,388,654

13,099,968

11,612,121

12,520,616

10,748,958

10,884,480

Retained Claims

*

124,031,389

113,356,525

110,340,729

99,730,269

98,361,038

80,731,098

MEDICAL INSURANCE

 

1,825,889

1,344,406

1,437,029

1,542,319

3,686,169

2,426,309

Recoveries

*

362,264

347,227

477,634

703,348

615,715

576,029

Less Local Reinsurers Share

*

54,262,673

44,074,197

42,068,314

46,369,871

46,034,428

31,116,677

Less (Abroad)Reinsurers Share

*

67,580,563

67,590,695

66,357,752

51,114,731

48,024,726

46,612,083

Retained Claims

*

371,770,418

372,917,554

317,028,992

323,042,201

344,934,714

282,104,033

Total Paid Claims

 

34,209,745

32,799,432

29,380,253

30,434,892

34,586,823

26,706,344

Recoveries

*

7,125,178

12,085,668

5,474,803

7,534,329

12,633,906

8,568,171

Less Local Reinsurers Share

*

93,595,281

105,058,876

73,615,202

82,252,721

82,772,631

57,233,423

Less (Abroad) Reinsurers Share

*

236,840,214

222,973,578

208,558,734

202,820,259

214,941,354

189,596,095

Retained Claims

*



* The Companies didn't pay any Aviation Claims for 2015.
** General Accident paid claims in 2015 include Liability paid claims in an amount of J.D (378,788) in addition to other insurances
 
*** Life Assurance paid claims in 2015 include the amounts paid for surender and maturity policies in an amount of J.D (6,647,210)

  
 Underwritten Premiums
 

Branch/Year

2015

Change%2014

2014

Change%
2013

Marine Insurance

24,085,474

-16% 28,658,379 2%

Fire Insurance

69,510,772

0,6% 69,119,571 1,1%

Motor Insurance

221,882,435

4,4% 212,529,081 5,4%

Compulsory (Third Party Liability Ins.)

150,735,667

3,3% 145,973,389 6,8%

Comprehensive (Own Damage)Ins.

71,146,768

6,9% 66,555,692 2,4%

Credit   Insurance

979,969

40,2% 699,052 75,7%

General Accident Insurance

18,474,171

-7% 19,935,818 13%

Total General Insurances

334,932,821

1,2% 330,941,901 4,7%

Life Assurance

61,038,255

15,0% 53,096,513 11,9%

Medical Insurance

154,395,794

9,0% 141,669,761 11,2%

Total Life&Medical Insurances

215,434,049

10,6% 194,766,274 11,4%

Total Premiums

550,366,870

4,7% 525,708,175 7,1%

 

  
  Insurance Sector Percentage Change (Gross Premiums & Total Paid Claims)

 Year

 Premiums Change%

 Paid Claims Change%

2004

11,6%

14,3%

2005

14,5%

15,6%

2006

17,7%

22%

2007

12,7%

19%

2008

14,3%

5,5%

2009

9,6%

18,8%

2010

11,9%

7,1%

 2011

 6,9%

 22,4%

2012

6,7%

-2,8%

 2013 6,3% -1,9% 
 2014  7,1%  17,6%
 2015  4,7%  -0,3%
  
 Paid Claims
 

Branch/Year

2015

Change%
2014

2014

Change%
2013

Marine Insurance

7,309,789

3,3% 7,074,415 10,3%

Fire Insurance

19,919,195

-52,7% 42,142,301 230,5%

Motor Insurance

188,462,270

7,3% 175,678,592 9,5%

Compulsory (Third Party Liability Ins.)

127,590,797 

10,4% 115,527,438 10,2%

Comprehensive (Own Damage)Ins.

60,871,473

1,2% 60,151,154 8,3%

Credit   Insurance

906,772

26,4% 717,124 -10,7%

General Accident Insurance

3,928,970

-27,3% 5,405,758 195,8%

Total General Insurances

220,526,996

-4,5% 231,018,190 26,8%

Life Assurance

27,212,033 

-4,7% 28,542,839 16,5%

Medical Insurance

124,031,389

9,4% 113,356,525 2,7%

Total Life&Medical Insurances

151,243,422

6,6% 141,899,364 5,2%

Total Paid Claims

371,770,418

-0,3% 372,917,554 17,6%
  

Copyright 2006 Jordan Insurance Federation