Algerian insurance companies: 2024 ranking

February 25, 2026
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Figures in thousands

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 Turnover 2024Turnover 2023Evolution
2023-2024 (1)
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2024
DZDUSDDZDUSD
Non life insurance
SAA32 852 000240 47530 247 000224 4338.61%19.10%
CAAT30 078 000220 17128 628 000212 4205.06%17.49%
CAAR15 595 000114 15516 360 000121 391-4.68%9.07%
CASH Assurances20 924 000153 16420 037 000148 6744.43%12.17%
CNMA13 647 00099 89612 909 00095 7855.72%7.93%
CIAR10 540 00077 1539 537 00070 76510.52%6.13%
Alliance Assurances6 258 00045 8095 869 00043 5486.63%3.64%
Trust Algeria6 022 00044 0817 527 00055 850-19.99%3.50%
Salama4 862 00035 5904 453 00033 0419.18%2.83%
GIG (Ex.2a)4 258 00031 1694 304 00031 936-1.07%2.48%
GAM (2)3 019 00022 0992 938 00021 8002.76%1.76%
AXA Assurances Algérie Dommage2 072 00015 1671 860 00013 80111.40%1.20%
Total non life insurance companies150 127 0001 098 929144 669 0001 073 4443.77%87.30%
Life insurance
AGLIC5 141 00037 6324 059 00030 11826.66%2.99%
Cardif El Djazair3 984 00029 1633 809 00028 2634.59%2.32%
SAPS2 625 00019 2152 314 00017 17013.44%1.53%
CAARAMA Assurance2 530 00018 5202 121 00015 73819.28%1.47%
TALA2 528 00018 5051 971 00014 62528.26%1.47%
AXA Assurances Algérie Vie2 194 00016 0602 766 00020 523-20.68%1.28%
Macir Vie1 805 00013 2131 395 00010 35129.39%1.05%
Le Mutualiste329 0002 408273 0002 02620.51%0.19%
Total life companies21 136 000154 71618 708 000138 81412.98%12.30%
Total life and non-life171 263 0001 253 645163 377 0001 212 2584.83%99.60%
Takaful insurance
El-Djazaïr El-Moutahida Family Takaful385 0002 81885 000630352.94%0.21%
El Djazair Takaful (Général)352 0002 57778 000579351.28%0.19%
Total takaful insurance737 0005 395163 0001 209352.15%0.40%
Grand total172 000 0001 259 040163 540 0001 213 4675.17%100%

(1) Growth rate in local currency 
(2) The 2024 turnover includes premiums generated by the GAM Takaful window, amounting to 42 million DZD (307 440 USD).
Exchange rate as at 31/12/2024: 1 DZD = 0.00732 USD; at 31/12/2023: 1 DZD = 0.00742 USD

Source: Directorate General of the Treasury and Accounting - Insurance Activity in Algeria, 2024


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