Going along with the crowd
The consolidated figures for the first half of 2016 show an improvement in gross written premiums by 6.18% to reach MAD2131.72m. The per branch activity reveals that the income generated from the Life activity dropped significantly by 56% down to MAD8.62m, caused mainly by the increase in net claims’ charges (+12.25%) and the decrease in the activity’s retention ratio from 95.8%, in H1 2015, to 93.54% in H1 2016. As for the non-life activity, it remains the major contributor to the company’s revenues (87.25% of gross written premiums) which exhibited a growth rate of 5.65% to MAD1859.93m, delivering a net technical result of MAD142.899m (+1.32% yoy).
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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