Consolidated sales up 11.3% in the first quarter

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At the end of the first quarter of 2020, Compagnie Atlanta achieved a turnover of 1,015 million dirhams, up + 10.6% compared to the same period of 2019, i.e. +97 million of dirhams.

The Non Life activity posted a turnover of 845 million dirhams, marking growth of + 11.4%, or +86 million dirhams.

The Life branch posted sales of 170 million dirhams, an increase of + 6.9%, or +11 million dirhams.

Consolidated figures

Consolidated sales as of March 31, 2020 amounted to 1,857 million dirhams, an increase of + 11.3% compared to 2019, or +188 million dirhams.

Consolidated non-life sales amounted to 1,503 million dirhams, an increase of + 10.1% compared to 2019, or +138 million dirhams.

The Life branch posted consolidated sales of 354 million dirhams, an increase of + 16.5%, or +50 million dirhams.

Covid-19 impacts

Given the number of factors, in particular the duration and extent of the pandemic, but also the measures taken by the regulator to deal with it, work is underway to assess all of the financial impacts.

Considering the aforementioned elements and information available to date, the company does not anticipate any significant impact on its financial forecasts for 2020.

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