Amman: The Senate's Labor and Social Development Committee convened with the Social Security Corporation (SSC) to review its financial performance for the first and second quarters of 2026.
According to Jordan News Agency, SSC Director General Hazim Rahahleh reported a 3.16 percent year-over-year increase in total insurance revenues, amounting to JD633.2 million for the first quarter. Insurance expenditures rose by 10.96 percent, reaching JD562.2 million, with pensions making up JD538.5 million of that total. This resulted in an insurance contribution surplus of JD63 million. Notably, administrative expenses saw a significant reduction of 26.87 percent, totaling JD8 million.
On the investment front, the Social Security Investment Fund (SSIF) experienced growth, with total assets increasing by 2.8 percent during the first quarter, reaching JD19.171 billion by the end of March 2026. Comprehensive income for the period was JD486 million, driven by investment gains and portfolio revaluations, with an annualized return on assets at 5.8 percent, or a real return of 4.42 percent after accounting for inflation.
The asset distribution was primarily focused on bonds at 56.7 percent, followed by equities at 20.7 percent, money market instruments at 10.5 percent, and real estate at 6 percent. Senators emphasized the importance of enhancing investment efficiency and suggested the incorporation of specific key performance indicators (KPIs) in future reports to bolster parliamentary oversight and ensure the fund's long-term financial sustainability.
Committee Chair Issa Murad highlighted that the quarterly review is mandated by the Social Security Law, which provides the Senate with a structured framework to monitor the SSC's performance, financial health, and investment strategies.