Sanlam Maroc achieved a net profit of 245 million dirhams (MDH) by the end of June 2024, marking a 10.7% increase compared to 221 MDH in the same period last year. The company attributes this positive performance to the combined effect of improvements in both its financial and technical results, according to a statement released by Sanlam Maroc.
Additionally, the company’s equity stood at 5.15 billion dirhams (MMDH) at the end of June 2024, slightly down from 5.23 billion dirhams at the close of December 2023. Despite this small dip in equity, Sanlam Maroc recorded total revenue of 3.53 billion dirhams, reflecting a 1.2% growth compared to the same period in 2023. This increase was primarily driven by growth in its Non-Life insurance activities, which helped offset a decline in the savings segment.
