Mixed progress for listed insurers

Premiums earned by all insurers listed on the Casablanca Stock Exchange grew by 1.9% at 10 590 million MAD (1 314 million USD) in 2013. The decline of the savings activity had a strong impact on life insurance whose premium evolution has been negative: Wafa Assurance -6.7%, Saham Assurance -13.6% and Atlanta -3.4%.

This trend was partially offset by the good performance of non life insurance: Saham Assurance, Wafa Assurance and Atlanta which reported respective increases of 12%, 7.8% and 5.9%.
In 2013, companies have been more focused on profitability than on market share. The overall net result of listed companies reported an evolution of +6.6% at 1220.2 billion MAD (151 million USD).
Wafa remains the most profitable company with a profit of 779.8 million MAD (96.7 million USD) while Atlanta performs the best growth in terms of result(+9%).

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