Serenity: Results 2018

StudiesSerenity reported a turnover of 5.34 billion FCFA (9.02 million USD) at the end of 2018, increasing by 41.44% compared to the previous year. Motor insurance accounted for 36% of total premiums, that is 1.89 billion FCFA (3.2 million USD).

It was followed health insurance with 30% of the underwriting i.e 1.59 billion FCFA (2.6 million USD). The incurred losses amounted to 1.49 billion FCFA (2.5 million USD), up by 44.74% in comparison with 2017. The loss ratio was of 29%, rising by two points compared to one year before.

The net result after taxes, however sharply declined falling from 1.34 billion FCFA (2.2 million USD) in 2017 to 332.2 million FCFA (560 591 USD) at the end of 2018, that is a decrease of 75%.

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