AtlantaSanad: 3.7% drop in turnover as at 30 September 2023

AtlantaSanad has ended the first three quarters of 2023 with a 3.7% decline in turnover to 3.991 billion MAD (383 million USD).

The non-life premiums stood at 3.167 billion MAD (303.9 million USD) on 30 September 2023, down by 0.9% over one year. As for life underwriting, it amounted to 824 million MAD (79.1 million USD), falling by 13.2% compared with the same period of 2022.

This decline is mainly due to the slowdown in the marketing of unit-linked products.