The Algérienne des Assurances, decreasing net result in 2016

The Algérienne des Assurances (2A) has published its results for the year 2016. The company's net result amounted to 209.006 million DZD (1.899 million USD), down by 18.4% compared to 2015.

The 2A recorded a slight increase in its written premiums from 3.594 billion DZD (33.7 million USD ) in 2015 to 3.626 billion DZD (32.95 million USD ) in 2016. With 2.101 billion DZD (19.09 million USD), motor insurance accounted for 58% of the overall written permiums.

The incurred losses for all classes of business was set at 1.152 billion DZD (10.467 million USD ) in 2016 against 1.205 billion DZD (11.305 million USD ) in 2015.

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