HomeSocietyNet income at 4.3 billion dirhams in 2022

Net income at 4.3 billion dirhams in 2022

The Insurance and Social Welfare Supervisory Authority (ACAPS) indicated the net result of the insurance sector increased by 1% to reach 4.3 billion dirhams (MMDH) in 2022.

In a document on the situation of the insurance and reinsurance sector in 2022, explains that at the origin of this progression, the non-technical result which posted a surplus of 626 million dirhams (MDH) against a deficit of 151 MDH.

However, adds the same source, the progress recorded conceals contrasting developments between direct insurers who saw their net income increase by 1.8% to 4 billion dirhams, while that of exclusive reinsurers suffered a drop of 9.5% to 282 MDH.

For its part, the overall ROE fell slightly to 9.4% against 9.5% a year earlier, notes ACAPS, which notes that in 2022, the equity of insurance and reinsurance companies appreciated by 2% to reach 45.5 billion dirhams.

This growth is mainly driven by direct insurers who saw their own funds increase by 3.5% to reach 42.7 billion dirhams, at a time when those of exclusive reinsurers fell by 16.8%, following the exit of an operator active in this segment.



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