Jordan’s Islamic Insurance (IIC) announced satisfactory financial results for 2021 where shareholders’ profits before tax amounted to around JOD2.6m ($3.7m) compared to around JOD2.4m in the previous year.
Gross written contributions reached around JOD25.2m in 2021 against JOD22.6m in the past year, while claims paid in 2021 amounted to JOD18.572m.
Total assets in 2021 reached around JOD43m compared to JOD41.55m in 2020, a 3.6% increase, while the shareholders’ equity amounted to JOD22.65m, compared to JOD21.2m in 2020, an increase of 7%. The company achieved a solvency margin of 336% compared to 327% in 2020.
IIC chairman Musa Shehadeh commended the IIC’s positive performance despite the pandemic and said that the company is going to distribute cash dividends to shareholders for 2021 at a rate of 8% of the company’s capital to be distributed from the retained earnings for this year. M