Jordan Insurance Company (JIC) has published its 2014 figures. The company posted a turnover of 60.28 million JOD (85.38 million USD), up by 2.7% compared to 2013.
Net result after tax achieved an important leap forward from 270 428 JOD (383 359 USD) in 2013 to 3 509 788 JOD (4 971 509) in 2014.
The technical result also posted a net increase of 73.3% at 5.21 million JOD (7.38 million USD) compared to 3 million JOD (4.25 million USD) in 2013.
The non life class of business represents 77.8% of total premiums. It recorded a slight decrease in 2014 from 47.05 million JOD (66.69 million USD) in 2013 to 46.93 million JOD (66.47 million USD).
With 18.99 million JOD (26.89 million USD), motor insurance accounts for 31.5% of the underwritings.
Unlike the non life class of business, life insurance posted a double digit growth of 14.5% in 2014.
The amount of life premiums amounted to 13.34 million JOD (18.89 million USD).