Assurances Maghrebia: results 2020

Maghrebia has published the results 2020 of its two subsidiaries Assurances Maghrebia and Assurances Maghrebia Vie.

The non-life company, Assurances Maghrebia, recorded a turnover of 185.762 million TND (68.5 million USD), an increase of 7.7% compared to 2019.

The net profit rose by 58.4% to be set at 18.709 million TND (6.9 million USD) in 2020 against to 11.811 million TND (4.21 million USD) in 2019.

Maghrebia Vie, has posted 77.268 million TND (28.5 million USD) in written premiums, a 16.8% increase in comparison with the 66.144 million TND (23.6 million USD) reported in 2019.

The net result of the life subsidiary amounted to 9.177 million TND (3.38 million USD) against 7.666 million TND (2.73 million USD) at the end of 2019.