Profit of 23 million USD for CCR in 2011

The Compagnie Centrale de Réassurance ( CCR) posted a net profit worth 1.772 billion DZD (23 million USD) in 2011. A sum of 355 million DZD (4.7 million USD) will be earmarked for dividend distribution while 1.329 billion DZD (17.6 million USD) will supply facultative reserves and 88 million DZD (1.16 million USD) will be designed to strengthen legal reserves. CCR’s market share in Algeria rose from 36% in 2010 to more than 50% in 2011. The turnover, gross of retrocession, amounts to 13.509 billion DZD (178.9 million USD) in 2011, compared to 9.813 billion DZD (134.5 million USD) in 2010.