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Société Centrale de Réassurance: results 2019

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Magazine Issue: 
2020, the year of COVID-19 [3]
Magazine date: 
May 2020

scrThe Société Centrale de Réassurance(SCR) recorded a turnover of 2 017 million MAD (207.872 million USD) in 2019 against 2 023 million MAD (211.525 million USD) a year earlier, which represents a slight decrease of 0.3%.

Net income stood at 277.91 million MAD (28.641 million USD) versus 300 million MAD (31.368 million USD) in 2018. ROE remained stable at 11.2%. The combined ratio improved by 7.7 points from 92.3% in 2018 to 84.6% in 2019.

SCR continued its satisfactory international development, with a 12% increase in premiums. It is from its headquarters in Casablanca and its three regional offices: Abidjan, Cairo and Kigali that SCR operates internationally.

Read also | Ranking of MENA zone reinsurers per turnover 2018 [4]

Sat, 02/05/2020 - 08:13

Source URL: https://www.atlas-mag.net/en/article/societe-centrale-de-reassurance-results-2019

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[4] https://www.atlas-mag.net/en/article/ranking-of-mena-region-reinsurers-per-turnover-2018