Alliance Assurances: increase in results in 2021 and distribution of dividends

Despite the Covid-19 crisis, Alliance Assurances has recorded, as of 31 December 2021, a 2% increase in its turnover reaching 4.823 billion DZD (34.57 million USD) as against 4.728 billion DZD (35.67 million USD) in 2020.

The net result worth 502 million DZD (3.6 million USD) has increased by 4.5% compared to 481 million DZD (3.63 million USD) recorded at the end of 2020.

According to the Algerian insurer, several factors account for this performance, including the supervision of expenses and a better loss experience supervision.

The company's Board of Directors has decided to distribute a dividend of 35 DZD (0.25 USD) per share for the year 2021. The dividends will be paid to the shareholders on 30 September 2022 at the latest.