AFMA Group, a leader in insurance consulting, has delivered impressive financial results for the third quarter of 2024. These figures underscore a positive momentum driven by new business deals and the steady growth of its portfolio.
AFMA’s consolidated revenue reached 212 million dirhams (MDH) by the end of September 2024, marking a 10% increase compared to the 193 MDH recorded in the same period last year. Social revenue also saw robust growth, climbing to 180 MDH, a 13% jump from the 159 MDH reported in September 2023.
This upward trajectory reflects the group’s ability to expand its market presence and strengthen client relationships, ensuring steady inflows.
To support its ongoing growth, AFMA allocated 14 MDH in investments during the first nine months of 2024, a notable increase from the 10 MDH invested in the same period of 2023. These funds have been channeled into infrastructure enhancements and service optimization, aiming to meet the evolving needs of its clientele.
Despite an uptick in net financial debt from 27 MDH at the end of December 2023 to 50 MDH by September 2024, AFMA’s financial position remains stable. This increase aligns with strategic decisions to bolster long-term growth and solidify the group’s market standing.
The company maintained its consolidation scope unchanged from 2023, ensuring organizational stability. In addition, AFMA successfully passed the surveillance audit for its ISO 9001:2015 certification, reaffirming its commitment to quality and operational excellence.
AFMA’s continued success in expanding its revenue, strategic investments, and commitment to quality standards demonstrates its ability to thrive in a competitive market. With solid foundations in place, the group is well-positioned to sustain its upward trajectory in the years to come.
