Insurance companies in Algeria: 2023 ranking

January 20, 2025
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In thousands
RankCompanies2023 turnover2022 tunrnover2022-2023 evolution (1)2023 shares
DZDUSDDZDUSD
Non life insurance
1SAA30 246 000224 42529 909 000217 1391.13%18.49%
2CAAT28 628 000212 42026 716 000193 9587.16%17.51%
3CASH Assurances20 037 000148 67518 796 000136 4596.60%12.25%
4CAAR16 360 000121 39116 958 000123 115-3.53%10.00%
5CNMA12 909 00095 78513 065 00094 852-1.19%7.89%
6CIAR9 537 00070 7658 876 00064 4407.45%5.83%
7Trust Algeria7 527 00055 8506 620 00048 06113.70%4.60%
8Alliance Assurances5 869 00043 5485 449 00039 5607.71%3.59%
9Salama Assurances4 453 00033 0414 284 00031 1023.94%2.72%
10GIG (2)4 305 00031 9433 921 00028 4669.79%2.63%
11GAM (3)2 938 00021 8003 057 00022 194-3.89%1.80%
12AXA Assurances Algérie Dommage1 860 00013 8011 951 00014 164-4.66%1.14%
Total non-life144 669 0001 073 444139 602 0001 013 5113.63%88.46%
Life insurance
1AGLIC4 058 00030 1102 897 00021 03240.08%2.48%
2Cardif El Djazair3 809 00028 2633 580 00025 9916.40%2.33%
3AXA Assurances Algérie Vie2 766 00020 5242 257 00016 38622.55%1.69%
4SAPS2 314 00017 1702 124 00015 4208.95%1.41%
5Caarama Assurances2 121 00015 7382 203 00015 994-3.72%1.30%
6TALA1 971 00014 6251 538 00011 16628.15%1.21%
7Macir Vie1 395 00010 3511 299 0009 4317.39%0.85%
8Le Mutualiste274 0002 033386 0002 802-29.02%0.17%
Total life18 708 000138 81316 284 000118 22214.89%11.44%
Takaful insurance
1El Djazaïr El Moutahida De Takaful Familial85 000631---0.05%
2Algerian General Takaful78 000579---0.05%
Total takaful163 0001 209---0.10%
Grand total163 540 0001 213 467155 886 0001 131 7324.91%100.00%

(1) Growth rate in local currency
(2) Ex. 2a
(3) 2023: Including the turnover achieved by the GAM Takaful window, i.e. 52 million DZD
Exchange rate as at 31/12/2023 : 1 DZD = 0.00742 USD
Exchange rate as at 31/12/2022 : 1 DZD = 0.00726 USD
Source : Ministry of Finance

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