Assurances ARO, 2015 results

The company Assurances ARO closed the year 2015 with a net result of 10.24 billion MGA (3.24 million USD), up by 11.03%⁽¹⁾ compared to 2014.

In 2015, the insurer's premiums increased by 15.53% amounting to 125 billion MGA (39.45 million USD) against 110 billion MGA (42.95 million USD) in 2014.

Assurance ARO whose majority shareholder is the Malagasy State (73.35%) holds 63% of the local insurance market. The P & C business represents 88% of its portfolio.

Read also:

• Assurances Réassurances Omnibranches (ARO)