“La Marocaine Vie” has reported losses in 2003

The 2003 financial year has been difficult for la Marocaine Vie which saw its losses swell in comparison with the previous financial year. The negative 2002 performance of 53 million DH (5.7 million USD) rose to 151.1 million DH, (16.4 million USD) in 2003.
This deficit was accounted for by the unfavorable financial environment and the CIMR reform that led to cuts in premiums volume by 80 million DH, (8.702 million USD) in 2003.