AM Best affirms rating of Jordan Insurance Company (JIC)

AM Best has confirmed Jordan Insurance Company's (JIC) "B" (fair) financial strength and "bb+" long-term credit ratings. The outlook remains stable.

The rating recognizes JIC's strong balance sheet, adequate operating performance, neutral business profile and marginal enterprise risk management.

In 2023, return on equity stood at 4.3%. With a premium income of 74.1 million JOD (104.6 million USD) in 2022, the company is ranked second among Jordan's insurance operators.