Middle East Insurance Company PSC (MEICO) is a Jordan-based public shareholding company that provides life and non-life insurance products and services. The Company's insurance products are structured into the following divisions: Life and Health, Motor, Property, General Accident, Engineering, Marine, and Aviation. The Life and Health division covers medical and personal insurance for individuals and groups; Motor insurance includes third party liability, own damage and owner and driver personal accident; Property insurance covers buildings, contents, household and industry; General Accident insurance covers public and product liability, professional indemnity and workmen’s compensation, among others; Engineering covers the risks that arise from contracting and engineering business; Marine insurance covers cargo, hull and machinery, and Aviation covers a range of aviation risk insurance. The Company operates through a network of branches located in Jordan.
Metrics to compare | MEIN | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipMEINPeersSector | |
---|---|---|---|---|
P/E Ratio | 18.7x | 6.5x | 8.5x | |
PEG Ratio | 0.43 | 0.03 | 0.03 | |
Price/Book | 0.7x | 0.8x | 1.0x | |
Price / LTM Sales | 0.5x | 0.4x | 2.6x | |
Upside (Analyst Target) | - | 21.9% | 15.1% | |
Fair Value Upside | Unlock | 13.4% | 4.0% | Unlock |