News

2017 ANNUAL REPORT

The thirty fourth annual report presents the 2017 accounting year, describes the company's operating conditions and indicates its development perspectives.

The 2017 turnover amounts to 46,337 billion Fcfa or an increase of 21,21% as compared with the preceding year.

Businesses written in CIMA zone represent 50,63% of the 2017 total turnover as against 50,71% in 2016.

Legal cessions represent 18,66% (22,57% : 2016) of the turnover and show a drop of 3,91 basis point as compared with the preceding year. Conventional businesses which represented 77,43% of turnover the preceding year, amount to 81,43% of turnover of 2017, all zones combined in relative value or an increase of 27,33% in nominal value.

Total balance sheet amounts to 90,531 billion Fcfa as compared with 82,648 billion Fcfa in 2016, or an increase of 7,883 billion Fcfa in absolute value and of 9,54% in relative value.

Technical Results derived from gross acceptations stand at 9,002billion FCFA. Net Income for the year, after deduction of overheads and depreciation charges and, non-operating income and expenses, amounts to 4,114billion Fcfa as against 3,781 billion Fcfa in 2016. This represents 13,71% of share capital.

The first part of this report describes the economic background and the commercial environment that prevailed during the year 2017.

In a second part, under the heading "Operations", the business operations are reviewed.

The report hence provides in its conclusion, an outlook of the company perspectives over future years.

Discover CICA-RE

Established in 1981 by the Member States of the International Conference on Insurance Controls (CICA), which became the Inter-African Insurance Markets Conference in 1992, CICA-RE began operations on 1 January 1984.

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Key figures

SALES BY INSURANCE LINE (in million CFA F)

Galerie photos