Alliance Assurances: H1 2023 results

Alliance Assurances has released, on 2 October 2023, its financial report for the first half of 2023.

As at 30 June of the current year, the private company's turnover amounted to 2.979 billion DZD (21.9 million USD), up by 3.7% compared with the 2.874 billion DZD (19.6 million USD) recorded during the same period of 2022.

The half-year net profit stood at 97.8 million DZD (718,900 USD), representing a 37.2% decline from the 155.9 million DZD (1.06 million USD) posted a year earlier.

According to Alliance, this downturn in results was mainly due to higher motor claims costs.