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Wafa Assurance: turnover as at 31 March 2023

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Magazine Issue: 
Ping An, symbol of a changing world [3]
Magazine date: 
May 2023

Wafa AssuranceDuring the first quarter of 2023, Wafa Assurance's consolidated turnover reached 3.6 billion MAD (350.8 million USD), representing a 15.7% increase over one year.

Non-life gross premiums have progressed by 20.3% to 2.3 billion MAD (224.1 million USD). At 1.3 billion MAD (126.7 million USD), life premiums have grown by 8.1% compared with the same period of 2022.

At 31 March 2023, the consolidated technical reserves remained stable at 44.7 billion MAD (4.4 billion USD). Investments declined by 3.4% to stand at 49.2 billion MAD (4.8 billion USD).

Read also | Wafa Assurance embarks on reinsurance [4]

Thu, 01/06/2023 - 16:43

Source URL: https://www.atlas-mag.net/en/category/pays/maroc/wafa-assurance-turnover-as-at-31-march-2023

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[4] https://www.atlas-mag.net/en/article/wafa-assurance-embarks-on-reinsurance