Islamic Insurance Company: Increase in profits in 2020

Islamic Insurance CompanyAt the end of 2020, Islamic Insurance Company posted a 7.2% decrease in turnover compared to 2019, amounting to 22.59 million JOD (31.86 million USD).

Despite the decline in written premiums, the Jordanian insurer achieved a 46.6% increase in its net profit. The latter jumped from 1.18 million JOD (1.66 million USD) as at 31 December 2019 to 1.73 million JOD (2.44 million USD) a year later.

During the period under review, the company's assets increased by 5% to reach 41.55 million JOD (USD 58.6 million).

Established in 1996, Islamic Insurance is the first takaful company in Jordan.

Read also | Ranking of insurance companies in Jordan

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