Euro Arab Insurance Group announced its financials to the Amman Stock Exchange (ASE) for the fiscal year (FY) ending December 31, 2014 , reporting a profit surge by 165% to JOD 1.6 million ($2.3 million) against JOD 617.8 THD ($ 871.4 THD) during the same period of 2013.
The company’s total premiums reached JOD 14.8 million during the period, compared to JOD 13.6 million. In addition, total fixed assets amounted to JOD 3.5 million in FY14 compared to JOD 3.6 million in FY13.
The Group’s profit soared 140% to JOD 548 THD during the first half of 2014, compared to JOD 228.6 THD during the same period of 2013.
Worth noting, Euro Arab Insurance’s capital amounts to JOD 8 million, distributed on 8 million shares at JOD 1 par value.
