CNIA Saada, increased results in 2013

CNIA Saada achieved a net profit up by 6.5% to 281 million MAD (34 million USD) in 2013. Buoyed by this result, the dividend per share was increased by 8 MAD (1 USD) to 34 MAD (4.1 USD).

Moroccan insurer owes this performance to its non-life business, which has recorded a turnover of 3.1 billion MAD (375 million USD), an increase of 12% compared to 2012. It compensates the decrease of 13.6% of the life insurance which has recorded 393 million MAD (47.5 million USD) in 2013.

The overall turnover has totaled 3.5 billion MAD (423.3 million USD) in 2013, an improvement of 8.5% compared to 2012.

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