{"id":47464,"date":"2026-07-29T19:28:00","date_gmt":"2026-07-29T17:28:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=8cf14af57744155382663f14500d394e"},"modified":"2026-07-29T19:28:00","modified_gmt":"2026-07-29T17:28:00","slug":"am-best-affirms-credit-ratings-of-jordan-insurance-company-plc","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=47464","title":{"rendered":"AM Best Affirms Credit Ratings of Jordan Insurance Company Plc."},"content":{"rendered":"

LONDON--(BUSINESS WIRE)--#insurance<\/a>--AM Best<\/b> has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of \u201cbb+\u201d (Fair) of Jordan Insurance Company Plc. (JIC) (Jordan). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

The ratings reflect JIC\u2019s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM).<\/p>

JIC\u2019s balance sheet strength is underpinned by its risk-adjusted capitalisation, which has been maintained at the strongest level at year-end 2025, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). The company\u2019s BCAR scores have improved in recent years as a result of the suspension of dividend payments and the divesture of certain high-risk investments. Nonetheless, a partially offsetting rating factor is JIC\u2019s significant holdings of illiquid equity and real estate asset classes, which have subjected the shareholders\u2019 equity to volatility and constrained its regulatory solvency capital ratio. The ratings also consider JIC\u2019s high reinsurance dependence for large property and commercial risks, although the associated risks are mitigated partially by a stable reinsurance panel of good credit quality.<\/p>

JIC has a track record of adequate operating performance, evidenced by return-on-equity ratios averaging approximately 4% over the past five years (2021-2025). Underwriting profitability is driven by life operations, in part offset by technical losses in the company\u2019s non-life book due to challenging market conditions, particularly for motor business. The company expects reforms in Jordan\u2019s motor segment to drive improvement in prospective performance. Overall operating results have been supported by modest investment income, which translated into an average net investment return of 3.3% over the past five years.<\/p>

JIC has an established position in Jordan\u2019s insurance market, where it consistently ranks in the top three based on gross written premium; however, Jordan\u2019s insurance market remains relatively small by international standards. JIC\u2019s insurance services revenue is well-diversified across a range of life and non-life business lines in Jordan. Nonetheless, due to low net retention of commercial lines, net insurance services revenue is concentrated in motor and medical, although to a lesser extent than its domestic peers.<\/p>

Over recent years, JIC has developed a sound ERM framework. However, AM Best considers that the company\u2019s risk management capabilities are not commensurate with the company\u2019s risk profile in areas including investments and capital management, considering the shortfall in meeting regulatory solvency requirements. Over recent years, the company has taken steps to improve its regulatory solvency metrics and has a plan in place to meet the requirements over the medium term.<\/p>

This press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

Copyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

Marving Lopez<\/b>Senior Financial Analyst<\/b>+44 20 7397 4389<\/b>marving.lopez@ambest.com<\/a>Kanika Thukral<\/b>Associate Director, Analytics<\/b>+44 20 7397 0327<\/b>kanika.thukral@ambest.com<\/a>Christopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>Al Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LONDON–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of \u201cbb+\u201d (Fair) of Jordan Insurance Company Plc. (JIC) (Jordan). The outlook of these Credit Ratings (ratings) is…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-47464","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47464"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47464\/revisions"}],"predecessor-version":[{"id":47465,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47464\/revisions\/47465"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}