Excellent first semester for Wafa Assurance

Wafa Assurance is in great shape according to the 2009 first semester, and this confirms its leadership over the Moroccan market. By the end of June, the company posted a turnover of 2 026 million MAD (253 million USD) compared to 1 771 million MAD (222 million USD) in 2008 (+14%). Net profits for the first semester amounted to 322 million MAD (40 million USD), a 41% progression in comparison with 2008. Shareholder's equity amounted to 2 061 million MAD (257 million USD), that is, a 25% increase.