Maghrebia Vie Releases Q1 2024 Activity Indicators

Maghrebia Vie has published its activity indicators for the first quarter of 2024. The insurer saw its premiums increase by 5.4% year-over-year to 31,743 MTND. This revenue is composed of 8,186 MTND from the provident segment and 23,557 MTND from the savings activity. The latter segment allows for long-term investment and guarantees high returns, reflected in significant placement products.

Financial Highlights

Premiums: 31,743 MTND (+5.4% year-over-year)
Provident segment: 8,186 MTND
Savings activity: 23,557 MTND
Net financial products: 11,460 MTND (vs. 7,941 MTND in Q1 2023)

Cession and Acquisition Commissions

Cession rate: 8.5%
Acquisition commissions: 2,715 MTND (+21.1% year-over-year)
Commission growth rate: 111 basis points to 8.5%

Claims and Budget

Claims: 13,012 MTND (vs. 10,393 MTND in 2023)
Claims ratio: 100.55% of budget
Revenue: 99.2% of estimates

2024 Budget Outlook

Premiums: 126,500 MTND
Cessions: 15,149 MTND
Claims: 53,756 MTND
Net financial products: +13.9% year-over-year growth rate

If achieved, these targets will bring a smile to the faces of the company's shareholders.