Monday, November 28, 2022
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Wafa Assurance: Revenue increases by more than 12%

Wafa Assurance achieved a consolidated revenue of 8.45 billion dirhams at the end of September 2022, an increase of 12.1% compared to the same period of the previous year. In Life, consolidated revenue at the end of September was 4.41 billion dirhams, an increase of 13.4%, mainly explained by the growth of activity in Morocco.

In Non-life Insurance, the cumulative consolidated revenue was 4.03 billion dirhams, an increase of 10.7% compared to the results obtained in all property and non-life divisions in Morocco and abroad. The group’s underwriting provisions stood at 45 billion dirhams at the end of September, up 3.2%, and investments amounted to 50.5 billion dirhams, down 1.5%.

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