Sanlam Morocco’s net profit rose to 451 million dirhams (approximately 49.4 million USD) in 2025, compared to 418 million in 2024, representing an increase of 7.9%, according to data released by the company in a statement issued on Wednesday, February 11. Total revenue amounted to 6.195 billion dirhams (approximately 678.9 million USD), a decrease of 1.4% compared to 2024.
In its statement, Sanlam Morocco stated that its “strong” financial performance mainly reflects the ongoing strategic adjustment of the Life business, largely offset by the strong performance of the Non-Life branch, which continues to show sustained and recurring commercial performance.
“Given these performances and the strength of its financial structure, the board of directors will propose to the annual general meeting the distribution of a dividend of 98 dirhams per share for the year 2025, an increase from the 81 dirhams per share distributed in 2024, illustrating the company’s commitment to an attractive and sustainable remuneration of shareholders,” Sanlam Morocco emphasized.
Equity reached 5.449 billion dirhams at the end of 2025, a growth of 2.2% compared to 2024, “consolidating the financial strength of the Company and its ability to support its future development in compliance with prudential requirements.”
Investments allocated to insurance operations reached 17.960 billion by the end of December 2025, a significant increase of +6.5% year-on-year, reflecting enhanced asset generation capacity and prudent management of commitments. Net technical provisions from ceding companies show a controlled evolution of +0.3%, reflecting the stability of technical commitments and the quality of the provisioning policy.
Majority-owned by South African Sanlam (61.73%) and by Sanam (21.56%), a Moroccan holding company owned by businessman Said Alj, Sanlam Morocco, formerly Saham Assurance, claims a leading position in the highly competitive Non-Life insurance sector with a market share of 16.8%, closely followed by Wafa Assurance (16.4%) in 2024.
