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The Compagnie d'Assurances des Hydrocarbures (Cash) closed the financial year 2023 with a 6% turnover increase. Premium volume climbed from 18.9 billion DZD (137.2 million USD) as at 31 December 2022 to 20 billion DZD (148.4 million USD) a year later.
These figures have helped the company cement its position as the third-largest insurer on the Algerian insurance market.
Net profit progressed by 42% to reach 1.685 billion DZD (12.5 million USD) by the end of 2023, against 1.185 billion DZD (8.6 million USD) in 2022.
The company's shareholders' equity stands at 21.1 billion DZD (156.5 million USD), up by 44% over one year.
Read also | Insurance companies in Algeria
