English
The Compagnie d'Assurances des Hydrocarbures (CASH) recorded a turnover of 11.62 billion DZD (97.14 million USD) in 2019 against 9.58 billion DZD (80.18 million USD), rising by 21.3% in compared to 2018.
Despite this significant increase in turnover, the net result dropped by 42.9%, from 710.95 million DZD (5.95 million USD) at the end of 2018 to 405.48 million DZD (3.38 million USD) one year later.
For the record, CASH Assurances, a subsidiary of the Sonatrach group, has a capital of 7.8 billion DZD (65 million USD) and is specialized in the coverage of oil and energy risks.
Read also | Ranking of insurance companies in Algeria
