Good results for CNIA SAADA

CNIA SAADA reports a turnover up by 6.2% at 3.227 billion MAD (383 million USD) in 2012. This performance is to the credit of non-life insurance which grew by 8%. Life insurance accounts for 32.3% of the portfolio against 67.7% for non-life. Technical results are growing by 57% and shareholder’s equity by 5.7%, thus, allowing the solvency margin to rise from 150% in 2011 to 153% in 2012.