The thirty third annual report presents the accounting year 2016, describes the operating conditions and, lays out the development perspectives.

The turnover for 2016 amounts to 38,228 billion FCFA with an increase of 15,18% compared to the preceding year.

Businesses written in CIMA zone represent 50,71% of 2016 global turnover compared to 53,84% in 2015.

Legal cessions represent 22,57% (23,64% in 2015) of turnover and record a drop of 1,07 point compared to the preceding year. Coventional businesses that made up 76,36% of turnover the preceding year, amount to 77,43% all zones combined in relative value in 2016 and, record a nominal increase of 16,80%.

Total balance sheet amounts to 82,648 billion FCFA as against 79,895 billion FCFA in 2015, or an increase of 2,753 billion FCFA in absolute value and of 3,47% in relative value.

The technical results of gross acceptations reach 9,620 billion FCFA. Following deductions of overhead and depreciation expenses and, the effect of non- operating gains and charges, the year net income amounts to 3,781 billion FCFA against 3,240 billion FCFA in 2015 or, 18,91% of share capital.

The first part of the report describes the economic context and commercial environment for the year 2016.

The company operations are analyzed in the second part under the heading « Operations ».

In the conclusion, the report provides an outlook of the company’s perspectives over the future periods.

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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