Société Algérienne des Assurances, 2013 results and forecasts

The "Société Algérienne des Assurances" (SAA) has recorded a total premiums up by 11% at 25.77 billion DZD (328 million USD) in 2013.

The leader of the Algerian insurance (23.6% of market share in 2013) has achieved, on the same period, a net profit of 2.1 billion DZD (26.73 million USD), a result in progress of 27% compared to 2012.

The SAA expects respective growth rates of 25.9% and 18% of its net profit in 2014 and 2015, with expected respective growth of 10.6% and 12.3% of the turnover on the same periods.

According to Lamara Latrous, Chief Executive of the SAA, the company should hold 28.4% of the Algerian insurance market share by 2016.

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