Good vintage for AtlantaSanad Assurance in the first half. The group achieved a consolidated turnover of 3.143 billion dirhams, up 2.4% compared to the first half of 2021. The consolidated result shows an increase of 4.2% to settle to 229 million DH. In social, the insurance company recorded a turnover of 3.082 billion DH, an increase of 2% over one year.
The turnover of the non-life activity amounted to 2.392 billion dirhams, up by 3.4%. “This increase concerns almost all of the Non-Life branches thanks to the proximity and support provided to the distribution network through, in particular, the implementation of innovative solutions”, indicates the company in its financial communication. The turnover of the Life segment amounted to 690 million DH, marking a quasi-stagnation. This achievement can be explained by the fall in inflows from savings, mitigated by the good performance of provident insurance.
For its part, the social net result of AtlantaSanad shows a gain of 5.8% to 237 million DH. A performance in line with its post-merger objectives, despite a financial market marked by an increase in interest rates and a poor performance in the equity market. Finally, the net technical margin shows a “significant” improvement of 7.5%, reflecting the performance of the risk selection and portfolio monitoring policy deployed by the company.
