CASH Assurances

Date of creation : 14 January 1996 in Algiers, Algeria
Class of business: Non-life insurance
Founders: SONATRACH and CAAR

CASH Assurances in 2018

Widad Belhouchet

Chief executive officer

Turnover	80 156 318 USD
Share capital	65 286 000 USD
Shareholder’s equity	100 724 644 USD
Assets	180 787 157 USD
Technical result	3 499 982 USD
Net result	5 950 735 USD
Total staff	640 employees
Network	46 agencies

Management

Widad Belhouchet	Chief executive officer
Mehdi Chellouche	Head of technical division
Samy Touhouche	Head of finance and accounting
Mira Bettane	Head of administration and human resources
Ahmed Haftari	Head of sales

Shareholding

SONATRACH Holding SIP	63.8195%
NAFTAL SPA	11.9646%
Compagnie Algérienne d’Assurance et de Réassurance (CAAR)	18.2318%
Compagnie Centrale de Réassurance (CCR)	5.9841%

CASH Assurances: Main technical indicators (2014-2018)

Figures in USD

	2014	2015	2016	2017	2018
Gross written premiums	136 408 147	93 450 442	90 253 116	93 987 342	80 156 318
Net written premiums	20 303 394	18 584 431	19 639 151	17 093 417	11 973 461
Gross earned premiums	121 382 358	97 626 370	93 344 051	86 185 123	88 642 158
Net earned premiums	17 816 300	17 853 671	17 284 829	20 751 650	13 604 924
Gross incurred losses ⁽¹⁾	49 010 612	43 155 207	30 590 327	94 497 017	-1 889 747
Net incurred losses	8 225 240	8 289 430	4 762 263	10 947 055	2 827 135
Gross loss ratio ⁽²⁾	40.38%	44.20%	32.77%	109.64%	-1.69% (5)
Management expenses ratio	15 252 038	15 476 137	14 823 207	14 872 836	16 581 229
Gross management expenses ratio ⁽³⁾	11.18%	16.56%	16.42%	15.82%	20.69%
Gross combined ratio ⁽⁴⁾	51.56%	60.76%	49.19%	125.46%	19%
Technical result	9 374 431	3 855 136	6 300 639	1 734 422	3 499 982
Financial income	4 075 537	4 402 559	8 402 537	5 546 858	7 285 432
Net result	9 278 760	4 571 953	9 791 996	4 340 773	5 950 735

⁽¹⁾In 2018, the incurred losses were exceptionally negative due to large valuation discrepancies observed in some major claims
⁽²⁾ Gross loss ratio = Gross incurred losses/Gross earned premiums
⁽³⁾ Gross management expenses ratio = Gross management expenses/Gross written premiums
⁽⁴⁾ Gross combined ratio = Loss ratio + Management expenses ratio
⁽⁵⁾ Atlas estimates

CASH Assurances: Turnover breakdown per class of business (2014-2018) (in DZD)

Figures in thousands DZD

	2014	2015	2016	2017	2018
Fire	5 091 469	5 376 360	5 508 780	5 660 455	6 561 398
Engineering	4 785 782	2 359 330	2 027 456	3 169 899	1 121 972
Marine	888 748	809 515	764 202	654 146	622 728
Third party liability	254 560	232 533	283 536	224 191	261 045
Miscellaneous accident	52 637	50 577	55 724	47 759	45 583
Motor	877 036	1 111 340	1 277 776	1 044 920	794 243
Natural catastrophes	89 322	119 596	99 520	102 034	169 652
Total	12 039 554	10 059 251	10 016 994	10 903 404	9 576 621

CASH Assurances: Turnover breakdown per class of business (2014-2018) (in USD)

Figures in USD

	2014	2015	2016	2017	2018	Parts 2018
Fire	57 686 344	49 946 384	49 634 108	48 793 122	54 918 901	68.51%
Engineering	54 222 910	21 918 176	18 267 379	27 324 529	9 390 906	11.72%
Marine	10 069 515	7 520 394	6 885 460	5 638 739	5 212 233	6.50%
Third party liability	2 884 165	2 160 232	2 554 659	1 932 526	2 184 947	2.73%
Miscellaneous accident	596 377	469 860	502 073	411 683	381 530	0.48%
Motor	9 936 818	10 324 349	11 512 762	9 007 210	6 647 814	8.29%
Natural catastrophes	1 012 018	1 111 047	896 675	879 533	1 419 987	1.77%
Total	136 408 147	93 450 442	90 253 116	93 987 342	80 156 318	100%

CASH Assurances : Breakdown of 2018 turnover per class of business

CASH Assurances: Gross earned premiums per class of business (2014 - 2018) (in DZD)

Figures in thousands DZD

	2014	2015	2016	2017	2018
Fire	5 097 150	5 215 505	5 480 534	5 343 689	6 360 916
Engineering	3 542 873	2 988 587	2 511 919	2 471 506	2 283 114
Marine	809 741	831 561	808 957	669 019	577 358
Third party liability	249 634	249 341	281 153	258 981	268 625
Miscellaneous accident	52 203	50 152	55 236	51 101	46 735
Motor	882 040	1 057 784	1 120 093	1 104 943	904 778
Natural catastrophes	79 718	115 829	102 158	99 035	148 935

CASH Assurances : Gross earned premiums per class of business (2014 - 2018) (in USD)

Figures in USD

	2014	2015	2016	2017	2018
Incendie	57 750 710	48 452 041	49 379 611	46 062 599	53 240 867
Engineering	40 140 751	27 763 973	22 632 390	21 304 382	19 109 664
Transport	9 174 366	7 725 202	7 288 703	5 766 944	4 832 486
Responsabilité civile	2 828 353	2 316 378	2 533 189	2 232 416	2 248 391
Risques divers	591 460	465 912	497 676	440 491	391 172
Automobile	9 993 513	9 826 813	10 092 038	9 524 609	7 572 992
Catastrophes naturelles	903 205	1 076 051	920 444	853 682	1 246 586
Total	121 382 358	97 626 370	93 344 051	86 185 123	88 642 158

CASH Assurances: Gross incurred losses per class of business (2014 - 2018) (in DZD)

Figures in thousands DZD

	2014	2015	2016	2017	2018
Fire	1 400 478	2 357 428	1 529 346	8 702 058	-1 246 680
Engineering	1 524 637	1 057 569	1 268 540	507 222	-226 750
Marine	398 909	791 722	684 436	1 194 507	480 510
Third party liability	626 276	12 381	-528 632	104 484	315 204
Miscellaneous accident	7 305	1 412	5 436	8 771	5 185
Motor	368 133	424 828	436 027	445 489	446 755
Total	4 325 738	4 645 340	3 395 153	10 962 531	-225 776

CASH Assurances: Gross incurred losses per class of business (2014 - 2018) (in USD)

Figures in USD

	2014	2015	2016	2017	2018
Fire	15 867 416	21 900 506	13 779 407	75 011 740	-10 434 712
Engineering	17 274 137	9 824 816	11 429 545	4 372 254	-1 897 898
Marine	4 519 639	7 355 097	6 166 768	10 296 650	4 021 869
Third party liability	7 095 707	115 019	-4 762 974	900 652	2 638 257
Miscellaneous accident	82 766	13 117	48 978	75 606	43 398
Motor	4 170 947	3 946 652	3 928 603	3 840 115	3 739 339
Total	49 010 612	43 155 207	30 590 327	94 497 017	-1 889 747

CASH Assurances : Gross loss ratio per class of business (2014-2018)

	2014	2015	2016	2017	2018
Fire	27.48%	45.20%	27.91%	162.85%	⁽¹⁾
Engineering	43.03%	35.39%	50.50%	20.52%	⁽¹⁾
Marine	49.26%	95.21%	84.61%	178.55%	83.23%
Third party liability	250.88%	4.97%	<0	40.34%	117.34%
Miscellaneous accident	13.99%	2.82%	9.84%	17.16%	11.09%
Motor	41.74%	40.16%	38.93%	40.32%	49.38%
Total	40.38%	44.20%	32.77%	109.64%	-1.69% ⁽²⁾

⁽¹⁾ In 2018, the incurred losses were exceptionally negative due to large valuation discrepancies observed in some major claims. The company benefits from significant liquidation bonuses that turn the incurred losses into a gain for the company.
⁽²⁾ Atlas estimates

CASH Assurances : Evolution of ratios (2014-2018)

cash assurances ratios

Source : CASH Assurances

Exchange rate DZD/USD as at 31/12	2014	2015	2016	2017	2018
Exchange rate DZD/USD as at 31/12	0.01133	0.00929	0.00901	0.00862	0.00837

CASH Assurances : Contact

Head office	135, Boulevard des Martyrs, Algiers 16 000
Phone	+213 23 96 70 06 /07/08/09 +213 23 96 70 12/13
Fax	+213 23 96 70 24
E-mail	contact [at] cash-assurances [dot] dz
Website	www.cash-assurances.dz

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Thu, 30/01/2020 - 15:50

CASH Assurances

CASH Assurances in 2018

CASH Assurances: Main technical indicators (2014-2018)

CASH Assurances: Turnover breakdown per class of business (2014-2018) (in DZD)

CASH Assurances: Turnover breakdown per class of business (2014-2018) (in USD)

CASH Assurances: Gross earned premiums per class of business (2014 - 2018) (in DZD)

CASH Assurances : Gross earned premiums per class of business (2014 - 2018) (in USD)

CASH Assurances: Gross incurred losses per class of business (2014 - 2018) (in DZD)

CASH Assurances: Gross incurred losses per class of business (2014 - 2018) (in USD)

CASH Assurances : Gross loss ratio per class of business (2014-2018)

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