Wafa Assurance: results at end-March 2025

Wafa Assurance has published its consolidated quarterly business indicators. For the first three months of 2025, the company generated a turnover of 4.352 billion MAD (451.7 million USD), reflecting a 6.2% increase on the 4.099 billion MAD (405.5 million USD) recorded a year earlier.

Non-life premiums rose by 7.8% to 2.656 billion MAD (275.7 million USD). Non-life premiums were also up by 3.8% year-on-year, to 1.696 billion MAD (176 million USD).

During the reporting period, technical reserves amounted to 56.2 billion MAD (5.8 billion USD), while investment income stood at 66.2 billion MAD (6.9 billion USD).