Allianz Maroc: 2023 results

Allianz Maroc has ended the 2023 financial year with a net result of 115.3 million MAD (11.5 million USD), up by 27.4% on the 90.5 million MAD (8.5 million USD) recorded in 2022.

Investment income climbed from 157 million MAD (14.8 million USD) as at 31 December 2022 to 213 million MAD (21.2 million USD) a year later, representing a 36% growth over twelve months.

The company's shareholders' equity improved by 11% to 1.042 billion MAD (103.6 million USD).

During the reporting period, the non-life turnover amounted to 1.297 billion MAD (129 million USD), representing a 14% increase from the 1.14 billion MAD (107.5 million USD) posted in 2022.

This growth was driven by developments in the corporate and motor classes of business.