ARO, a turnover up by 14% in 2013

According to the results published by ARO in its latest activity report, the total of gross premiums recorded in 2013 amounted to 38.1 million USD, an increase of 14.1% compared to 2012.

The turnover consists of 94.8% (34.6 million USD) of direct insurance subscriptions and 5.2% (1.9 million USD) of acceptances in reinsurance.

The Malagasy insurer also reports a net profit up at 3.7 million USD (+11.7% compared to 2012).