For the 2nd quarter of 2022, Wafa Assurance Team realized consolidated IFRS profits of AED 2,776 million, up 22.4%.
In Lifestyle consolidated turnover amounts to 1,790 MDH
+ 30.2% pushed by the very good momentum of Cost savings in Morocco in the quarter and the superior effectiveness of international organization,
In Non-Lifestyle, consolidated turnover was 986 MDH, up 10.5% pushed by the raise in organization in Morocco and internationally.
Cumulatively, as of June 30, 2022, the consolidated turnover was 5.89 billion dirhams, up 7.7%.
In Existence, consolidated revenues amounted to MAD 2,990 million, up by 7.7%, even though in Non-Lifetime the boost was 7.6%.
In company accounts, the cumulative turnover in the 1st fifty percent was 5.3 million dirhams, up 1.8%.
Technological reserves net of reinsurance amounted to MAD 37.1 billion, up 4.5%, whilst investments supposed for insurance plan business amounted to MAD 38 billion, up 4.4%.
* Excluding unit-of-account turnover of 242 MDH at the close of June 2022, deemed to be investment decision contracts under IFRS.
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