RMA: decrease in net results 2018

The Royale Marocaine d’Assurance (RMA) presented its results 2018 during a press conference held on march 28th, 2019 in Casablanca.

The company’s turnover reached 6 554 million MAD (685.30 million USD), increasing by 5.3% compared to 2017. This increase of 6.22%, which happened in late 2018, is slightly inferior to the one of 2016-2017. The net result of 2018 estimated at 753 million MAD (78.74 million USD) also declined by 6.4% compared to the year 2017.

The life insurance activity is the most profitable for the company. Indeed, the turnover has reached 3 348 million MAD (350.07 million USD), thus significantly increasing by 6.6% on a one-year period, with a net result of 200 million MAD (20.91 million USD). This class of business alone represents 51% of the company’s turnover.

In contrast,the results in the non-life activity are not what the market’s stakeholders were hoping for. The RMA’s increase of motor loss experience by 2.7 points, lead to a decline in its non-life loss ratio.

Consequently, in late 2018, the company’s combined ratio has reached 99.3% loosing 3 points compared to 2017. The 2018 turnover of the non-life activity increasing by 3.6% compared to 2017, has reached 3 206 million MAD (335.22 million USD).

Despite the decreasing results, the RMA has slightly increased its shareholder equity to 5 816 million MAD (608.14 million USD) and insures a 14.9% return on investment to its shareholders.

Read also | RMA exhibits good performance in 2017