Magazine date:
Feb 2016 The 2015 results published on March 7, 2016 displays a 2.5% growth in Saham Assurance turnover which amounts to 3.77 billion MAD (383 million USD).
The Moroccan insurer owes this performance to the improvement in its non life insurance business which achieved a turnover of 3.41 million MAD (346 million USD), up by 3.1% in comparison with 2014.
This result counterbalances the decline in life insurance whose underwritings were down by 2.2% to settle at 363 million MAD (37 million USD) of premiums in 2015.
As for the company net profit, it increased by 5.9%, amounting to 340 MAD (34.5 million USD). Based on this result, the dividend per share was raised from 11% to reach 40 DH (4.1 USD) per share.