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First Insurance Company Public Shareholding Company (Jordan)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: First Insurance Company Public Shareholding Company Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

First Insurance Company was established in Jordan in the year 2007, with a paid up capital of JOD 24 million ( second highest capitalized insurer in Jordan), as a General Insurance Company providing Insurance Services that are based on Islamic principles (Takaful).
The Company is engaged in the provision of general insurance products and services in accordance with Islamic principles (Takaful). Its products and services include Motor Insurance, Marine Insurance, Personal Accident Insurance, Travel Insurance, Medical Insurance, Property Insurance, Engineering Insurance, Workmen Insurance, General Third Party Liability, Bank Blanket Bond (BBB), Money Insurance, and Aviation Insurance.


Headquarters
Building No. 172 King Abdullah 2Nd Street, Near The Medical City, P.O.Box 189 Dabouq
Amman; West Zone; Postal Code: 11822

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Website: http://www.solidarity.com.jo

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2006
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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23%
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3.244%
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2.05%
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1.329%
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1.078%
Subsidiaries
Mulkyat Investment And Trade Company
100%
Company Performance
Financial values in the chart are available after First Insurance Company Public Shareholding Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency JOD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
301.41%
Operating profit (EBIT)
26.05%
Net Profit (Loss) for the Period
29.91%
Total assets
6.64%
Investments
-8.81%
Total equity
7.29%
Net Premiums Earned Trend
N/A
Net Profit Trend
-4.61%
Return on Equity (ROE)
0.73%
Underwriting Expenses Ratio
-71.59%

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