Wafa Assurance: Q1 2024 results

Wafa Assurance has published its key consolidated business indicators for the first quarter of the current year.

The company's turnover amounted to 4.073 billion MAD (402.9 million USD) as at 31 March 2024, up by 13% over one year.

Non-life premiums increased by 6.8% to 2.465 billion MAD (243.8 million USD), while life premiums climbed by 23.9% to 1.608 billion MAD (159.1 million USD).

During the reporting period, technical provisions and investments stood at 50 billion MAD (4.9 billion USD) and 55.8 billion MAD (5.5 billion USD) respectively.