Wafa Assurance Group achieved a consolidated revenue of 7.1 billion dirhams (MMDH) in the first half of 2024 (H1-2024), reflecting an 8.7% increase driven by strong performances both in Morocco and internationally. This growth was supported by the robust performance across all non-life insurance branches and the solid stability of the life insurance segment, according to the insurer’s financial report.
On a standalone basis, the company’s revenue for H1-2024 reached 6.145 billion dirhams, marking a 7.9% rise. This increase was attributed to the performance in savings and across all non-life insurance branches, as well as the steady performance of the provident activities.
In the second quarter of 2024, Wafa Assurance recorded a consolidated revenue of 3.027 billion dirhams, up by 3.4%, fueled by growth across all its business segments.
