Results of the Société Algérienne d’Assurances in 2015

At the end of 2015, the Société Algérienne d’Assurances (SAA) posted a net profit of 3.38 billion DZD (31.7 million USD), that is an increase of 4.6% compared with 2014.

During the year under review, the written premiums amounted to 27.4 billion DZD(257 million USD ), up by 3.5% compared to 2014. The SAA has consolidated its leading position with a market share of 23%.

Motor insurance alone accounts for 75% of the portfolio. The SAA is by far the first motor insurer of the market with 31.1% of the total premiums.

The combined ratio is of 92% and the return on equity is set at 10.4%.

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• 2015 results of the Algerian insurance market