During the first half, AtlantaSanad achieved a turnover of 3,082 MDH, up +2.0% compared to the end of June 2021.
Non-life turnover amounted to 2,392 MDH with an increase of +3.4% compared to the same period of 2021. This increase concerns almost all non-life branches thanks to the proximity and support made to the distribution network, in particular through the implementation of innovative solutions.
Life turnover amounted to 690 MDH, marking a virtual stagnation due to the decline in the collection of savings, which is mitigated by the good performance of provident insurance.
The net technical margin recorded an improvement of 7.5%, which reflects the performance of the risk selection and portfolio monitoring policy deployed by the company.
AtlantaSanad’s net income stands at 237 MDH, an improvement of 5.8% compared to H1 2021, in line with the company’s post-merger objectives despite a financial market marked by an increase in rates and a poor performance of the stock market.
Consolidated turnover stands at 3,143 MDH, up + 2.4% compared to the first half of 2021. The consolidated result shows an increase of +4.2% to 229 MDH.