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Middle East Insurance Public Shareholding Company (Jordan)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Middle East Insurance Public Shareholding Company Profile Updated: November 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Middle East Insurance Company (MEICO) is a Jordan-based public shareholding company that was established in 1962 in Amman and provides all classes of life and non-life insurance products and services. The Company's insurance products is structured into seven divisions namely life and health, motor, property, general accident, engineering, marine, and aviation. The life and health division covers medical and personal insurance for individual and group; motor insurance includes third party liability, own damage and owner and driver personal accident; property insurance covers buildings and contents; general accident insurance covers legal liability towards others; engineering covers the risks that arise from contracting and engineering business; marine insurance covers cargo, hull and machinery, and aviation covers full range of aviation risk insurance. MEICO operates eight branches and two agencies across Jordan.

Headquarters
14 Zahran Street- 3Rd Circle - Jabal Amman, P.O.Box (1802)
Amman; West Zone; Postal Code: 11118

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Website: http://www.meico.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:
1962
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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98.355%
Subsidiaries
Cairo Amman Bank P.L.C
1.128%
Al-Daman For Investments Public Shareholding Company
1%
Company Performance
Financial values in the chart are available after Middle East Insurance 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
-43.24%
Operating profit (EBIT)
7.88%
Net Profit (Loss) for the Period
4.5%
Total assets
-3.19%
Investments
-9.12%
Total equity
-0.45%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
0.16%
Loss Ratio
-3.09%
Underwriting Expenses Ratio
-9.53%

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