Sanlam Maroc: results as at 30 September 2023

Sanlam Maroc has ended the first three quarters of 2023 with a turnover of 4.774 billion MAD (458.1 million USD), up by 3.1% compared with the 4.629 billion MAD (415.6 million USD) posted a year earlier.

Non-life premiums climbed by 6.5% to 4.169 billion MAD (400 million USD) as at 30 September 2023. As for the life premiums, they stood at 605 million MAD (58.1 million USD), dropping by 15.4% over one year.

During the period under review, the net technical reserves and investments allocated to insurance operations amounted to 15.459 billion MAD (1.5 billion USD) and 16.184 billion MAD (1.6 billion USD) respectively.