RMA exhibits good performance in 2017

RMA (Royale Marocaine d'Assurance) reported net profits in progress of 7% in 2017. From 752 million MAD (74.69 million USD), the 2016 profits rose to 804 million MAD (86.18 million USD) one year later. The turnover amounted to 6.2 billion MAD (664.58 million USD), up by 6% in comparison with the 5.86 billion MAD (582.02 million USD) reported in 2016.

Underwritings were equally shared between the life and non-life classes of business. However the non life combined ratio worsened by 1.6 point at 96.3%. The deterioration of this index was accounted for by the 25% increase in the frequency of motor loss experience.

The shareholder’s equity of the Moroccan insurer improved by 2% at 5.7 billion MAD (610.98 million USD). In 2016, it was set at 5.6 billion MAD (562.15 million USD).

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