First Insurance Company premiums grow by 25% reaching 14 Million Jordanian Dinars.

February 15, 2012

The Board of Directors of First Insurance Company, during its meeting on Monday 13/2/2012 ratified the Company's Closing Financial Statements for the period ending on 31/12/2011 which showed a profit of 827 Thousand Jordanian Dinars after taxes and provisions of which 545 Thousand Jordanian Dinars to the shareholders, an increase of 12% over 2010 while the Policyholders' Fund realized an insurance surplus amounting to 282 Thousand Jordanian Dinars, an increase of 34.2%.

The Financial Statements showed that the total written premium has risen to reach 14.02 Million Jordanian Dinars at a growth rate of 25% while the Total Assets have grown to reach 30.6 Million Jordanian Dinars, an increase of 4.66% over 2010; with Shareholders' Equity amounting to 25.02 Million Jordanian Dinars.

The Company has also maintained the strength of the financial position supported by important financial indicators inter alia; a high rate of liquidity where cash and deposits at the banks amounted to (17.1 Million Jordanian Dinars).  Also, the Company was able to build net technical provisions amounting to (3.332 Million Jordanian Dinars) which gives the Company's customers and shareholders the confidence in the Company's capability to meet its obligations.

The Board of Directors has also recommended to the Company's General Assembly to distribute cash dividends to the Shareholders at 2% of the Company's Capital for the year 2011.

February 15, 2012

First Insurance Company premiums grow by 25% reaching 14 Million Jordanian Dinars.

The Board of Directors of First Insurance Company, during its meeting on Monday 13/2/2012 ratified the Company's Closing Financial Statements for the period ending on 31/12/2011 …

March 7, 2012

First Insurance Company inaugurates its Branch in Sweifieh

First Insurance Company has inaugurated its new Branch in Sweifieh in the presence of the Chairman, Ismail Tahboub, the Chief Executive Officer Dr. Ali Wazani, and the Executive Management Team of the Company…

March 6, 2012

First Insurance Company participates in a workshop titled "Classification of Hospitals, an option or exigency"?

First Insurance Company participated on Monday, 5/3/2012 in a workshop titled "Classification of Hospitals, an option or exigency" which was organized by the Jordan Medical Insurance Association …

April 2, 2012

First Insurance holds a Workshop about the Concept of Islamic Takaful Insurance

With the participation of a number of specialists in the insurance field and the attendance of a number of doctorate students from the Islamic Sciences University, First Insurance Company held a workshop titled "Islamic Takaful Insurance"…

April 29, 2012

Announcement of Dividends Distribution to the Shareholders of First Insurance Company PLC for the year 2011

The Ordinary General Assembly of First Insurance Company PLC resolved during its meeting that was held on 29/4/2012 to adopt the Board's recommendation to distribute cash dividends at 20 fils per share …