Algeria:Market leader shows good technical profitability and moderate investment returns

By MEIR team | 13 Oct 2024

Algeria Life & Health Property & Casualty Financial Performance

State-owned Société Nationale d'Assurance (SAA or National Insurance), Algeria's biggest insurer, has a track record of stable operating performance, with profit before tax ranging from DZD2.5bn ($22.6m) to DZD3.6bn between 2019 and 2023, translating in a five-year weighted average return on equity of 6.3% (as calculated by AM Best).

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