CCR: Increasing 2019 results

Compagnie Centrale de Réassurance (CCR)The Compagnie Centrale de Réassurance (CCR) ended the 2019 year with a turnover worth 35.655 billion DZD (297.94 million USD), up 11.16% compared to the 32.076 billion DZD (268.41 million USD) reported in 2018.

The net result amounted to 3.116 billion DZD (26.04 million USD) against 3.094 billion DZD (25.89 million USD) at the end of 2018, that is a slight increase of 0.7% over one year. The shareholder's equity grew by 5.3% from 30.535 billion DZD (255.51 million USD) in 2018 to 32.162 billion DZD (268.75 million USD) 12 months later.

The share capital remains unchanged at 22 million DZD (183.83 million USD). The incurred losses increased by 55.58% to DZD 21.297 billion (177.96 USD) by 31 December 2019.

On the financial level, CCR reported a 25.01% rise in its financial income which grew from 1.993 billion DZD (16.68 million USD) in 2018 to 2.491 billion DZD (20.82 million USD) at the end of 2019.

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