“AtlantaSanad Records Slight Contraction in Q1 2023 Turnover Due to Weak UC Product Marketing”

In the first quarter of 2023, the company AtlantaSanad recorded a turnover of 1,893 MDH, a slight contraction of -3.4%.

This decline is due to the life business which stands out with a turnover of 325 MDH, a decrease of -21.9% due to the weak development of the marketing of UC products in a context of sluggish financial markets.

On the non-life segment, the turnover achieved amounts to 1,568 MDH, up by +1.5%. This moderate growth is part of the company’s rigorous risk selection and portfolio reorganization policy with a view to developing its technical profitability.