Wafa Insurance down 2.9% in sales

Wafa Assurance. Credit: DR

Wafa Assurance had sales of 2.81 billion dirhams (MMDH) in the first quarter of the year, down 2.9% from the same period last year. previous year.

On a consolidated basis in IFRS, the Wafa Assurance group has a turnover of 3.11 MMDH for the first quarter of 2022, down 2.8%, the company said in a statement on its quarterly results.

The Vie Vie rises to 1.12 MMDH, down 11.9%, when the CA consolidates rises to 1.2 MMDH, always down 14.4% impacted by the decline in turnover business in Morocco. Non-Life turnover increased by 4.3% compared to 1.7 MMDH in the first quarter of 2021.

The consolidated turnover of this branch amounted to 1.9 MMDH, an increase of 6.2%. Net technical provisions for reinsurance amounted to 36.3 MMDH, up 4%, and investments in insurance operations amounted to 38 MMDH, up 5.7%.

On a consolidated basis, disposition techniques are set at 44.7 MMDH up 8%, while placements are set at 51 MMDH up 5.9%.

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