Wafa Assurance: results at end-March 2026

Wafa Assurance has released its consolidated financial results for the first quarter of 2026.

Turnover reached 6.4 billion MAD (674.4 million USD), representing a 47.1% increase from 4.352 billion MAD (451.7 million USD) recorded in the same period of 2025.

Life insurance premiums rose 98.7% to 3.371 billion MAD (355.2 million USD), driven primarily by exceptional savings inflows in Morocco and the continued expansion of bancassurance operations across the markets where the company operates.

Non-life insurance premiums totaled 3.029 billion MAD (319.2 million USD), marking a 14.0% year-over-year increase.

As of 31 March 2026, technical provisions stood at 49.3 billion MAD (5.2 billion USD), up 3.3% compared with the same date a year earlier.

Investments allocated to insurance operations increased 6.7% to 69.6 billion MAD (7.3 billion USD).