Jerusalem Insurance Reports Exceptional Growth in Continuing Operations Profits Before Tax During First Nine Months
Insurance Contract Revenue Surges 80% to JOD 49.16
Million, While Investments Exceed JOD 54.5 Million
Morrar: We Continue Building on Strong Results to Drive Sustainable Growth and Enhance Customer Experienceاضافة اعلان
Amman – Jerusalem Insurance Company announced strong financial results for the first nine months of 2026, recording a significant increase in profit from continuing operations before income tax, insurance contract revenue, and earnings per share, alongside growth in investments and shareholders’ equity.
The performance reflects progress across several of the company’s key financial indicators.
The financial results for the ending period of September 30, 2026, showed that profit from continuing operations before income tax increased to JOD 4.31 million, compared to JOD 813.5 thousand during the same period in 2025, marking exceptional growth and an increase of approximately JOD 3.5 million.
Insurance contract revenue also recorded strong growth, reaching JOD 49.16 million, compared to JOD 27.30 million during the first nine months of the previous year.
This represents an increase of JOD 21.86 million, approximately 80%, reflecting the expansion of the company’s insurance business and its strengthened market presence.
The growth in insurance contract revenue was also accompanied by an increase in the net results of insurance and reinsurance contracts, which reached JOD 1.744 million, compared to JOD 579 thousand, representing growth of 201%.
This reflects the effectiveness and quality of the company’s underwriting policy, as well as the adequacy of its technical provisions, supported by a prudent approach to establishing and maintaining these provisions.
Reflecting improved returns for shareholders, earnings per share increased to JOD 0.233, compared to JOD 0.067 during the corresponding period in 2025, representing growth of 248%.
This improvement was driven by balanced growth in revenues and profits, alongside stronger operational performance.
In terms of its financial position, total investments increased to JOD 54.56 million as of September 30, 2026, compared to JOD 51.15 million at the end of 2025, representing growth of 6.6%.
Bank deposits reached JOD 26.35 million, further strengthening the company’s investment base and financial liquidity.
Total shareholders equity also increased to JOD 28.33 million, compared to JOD 24.26 million at the end of 2025, marking growth of 16.8%.
This underscores the strength of the company’s financial position and its ability to sustain growth and create added value for shareholders.
The company’s authorized and paid-up capital stood at JOD 17.71 million, in addition to a share premium of JOD 754 thousand.
Commenting on the results, Jerusalem Insurance Company CEO, Mr. Imad Morrar, said:
"These results represent an important milestone in Jerusalem Insurance’s journey and reflect the success of the company’s strategy in achieving balanced growth by combining business expansion, improved profitability, and a stronger financial position.
We view these results as a solid foundation on which to build in the coming period, creating sustainable value for our customers, shareholders, and partners."
Morrar added:
"The company is focused on improving the quality of its insurance portfolio, enhancing business management efficiency, and investing in solutions and services that respond to evolving market needs.
We also continue to work towards enhancing customer experience by simplifying procedures, accelerating response times, and developing our digital channels and services."
Morrar affirmed that the company is moving forward with its vision of achieving sustainable growth and strengthening its competitiveness, noting that the strong results reflect its commitment to operational excellence, prudent risk management, and investment in its human and technological resources.
He also expressed his appreciation for the continued trust of the company’s customers, shareholders, and partners, as well as the efforts of its employees, emphasizing that these achievements are the result of collective work and ongoing collaboration across all teams.
Established in 1975, Jerusalem Insurance Company continues to implement its strategy aimed at strengthening its market share and developing its insurance and investment services in line with the evolving needs of individuals and businesses.
The company builds on more than five decades of experience in the Jordanian market, supported by an ambitious vision centered on innovation, sustainable growth, and delivering the best value to its customers.
Morrar: We Continue Building on Strong Results to Drive Sustainable Growth and Enhance Customer Experience
Amman – Jerusalem Insurance Company announced strong financial results for the first nine months of 2026, recording a significant increase in profit from continuing operations before income tax, insurance contract revenue, and earnings per share, alongside growth in investments and shareholders’ equity.
The performance reflects progress across several of the company’s key financial indicators.
The financial results for the ending period of September 30, 2026, showed that profit from continuing operations before income tax increased to JOD 4.31 million, compared to JOD 813.5 thousand during the same period in 2025, marking exceptional growth and an increase of approximately JOD 3.5 million.
Insurance contract revenue also recorded strong growth, reaching JOD 49.16 million, compared to JOD 27.30 million during the first nine months of the previous year.
This represents an increase of JOD 21.86 million, approximately 80%, reflecting the expansion of the company’s insurance business and its strengthened market presence.
The growth in insurance contract revenue was also accompanied by an increase in the net results of insurance and reinsurance contracts, which reached JOD 1.744 million, compared to JOD 579 thousand, representing growth of 201%.
This reflects the effectiveness and quality of the company’s underwriting policy, as well as the adequacy of its technical provisions, supported by a prudent approach to establishing and maintaining these provisions.
Reflecting improved returns for shareholders, earnings per share increased to JOD 0.233, compared to JOD 0.067 during the corresponding period in 2025, representing growth of 248%.
This improvement was driven by balanced growth in revenues and profits, alongside stronger operational performance.
In terms of its financial position, total investments increased to JOD 54.56 million as of September 30, 2026, compared to JOD 51.15 million at the end of 2025, representing growth of 6.6%.
Bank deposits reached JOD 26.35 million, further strengthening the company’s investment base and financial liquidity.
Total shareholders equity also increased to JOD 28.33 million, compared to JOD 24.26 million at the end of 2025, marking growth of 16.8%.
This underscores the strength of the company’s financial position and its ability to sustain growth and create added value for shareholders.
The company’s authorized and paid-up capital stood at JOD 17.71 million, in addition to a share premium of JOD 754 thousand.
Commenting on the results, Jerusalem Insurance Company CEO, Mr. Imad Morrar, said:
"These results represent an important milestone in Jerusalem Insurance’s journey and reflect the success of the company’s strategy in achieving balanced growth by combining business expansion, improved profitability, and a stronger financial position.
We view these results as a solid foundation on which to build in the coming period, creating sustainable value for our customers, shareholders, and partners."
Morrar added:
"The company is focused on improving the quality of its insurance portfolio, enhancing business management efficiency, and investing in solutions and services that respond to evolving market needs.
We also continue to work towards enhancing customer experience by simplifying procedures, accelerating response times, and developing our digital channels and services."
Morrar affirmed that the company is moving forward with its vision of achieving sustainable growth and strengthening its competitiveness, noting that the strong results reflect its commitment to operational excellence, prudent risk management, and investment in its human and technological resources.
He also expressed his appreciation for the continued trust of the company’s customers, shareholders, and partners, as well as the efforts of its employees, emphasizing that these achievements are the result of collective work and ongoing collaboration across all teams.
Established in 1975, Jerusalem Insurance Company continues to implement its strategy aimed at strengthening its market share and developing its insurance and investment services in line with the evolving needs of individuals and businesses.
The company builds on more than five decades of experience in the Jordanian market, supported by an ambitious vision centered on innovation, sustainable growth, and delivering the best value to its customers.
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