{"id":464971,"date":"2019-03-04T20:57:23","date_gmt":"2019-03-04T19:57:23","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464971"},"modified":"2019-03-04T20:57:23","modified_gmt":"2019-03-04T19:57:23","slug":"saham-assurance-contraction-of-net-income","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/03\/04\/saham-assurance-contraction-of-net-income\/","title":{"rendered":"Saham Assurance: contraction of net income"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The 2018 vintage will not remain exceptional in Saham Assurance&#8217;s accounts. The company recorded a net profit down 8.5% to 402 million dirhams (42 million dollars). (1 dollar = 9.53 dirhams).<\/p>\n<p>The amplification of automobile claims and the impact of a tax audit explain this poor performance, reads the communiqu\u00e9 which sanctioned the board of directors held on February 25 under the presidency of Said Alj.<\/p>\n<p>The insurer recorded a turnover of 5.22 billion dirhams, an increase of 7.8%, driven by the non-life branch, with a turnover of 4.17 billion dirhams, a growth of 9.3%. This dynamism contrasts with the life business up 2.1%.<\/p>\n<p>The Board of Directors has decided to propose to the Ordinary General Meeting the distribution for the 2018 financial year of a dividend of 40 Dirhams per share, equivalent to the dividend distributed in 2017.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The 2018 vintage will not remain exceptional in Saham Assurance&#8217;s accounts. The company recorded a net profit down 8.5% to 402 million dirhams (42 million dollars). (1 dollar = 9.53 dirhams). The amplification of automobile claims and the impact of a tax audit explain this poor performance, reads the communiqu\u00e9 which sanctioned the board of<\/p>\n","protected":false},"author":527180,"featured_media":464975,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12000,11996],"tags":[13690],"class_list":{"0":"post-464971","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-finance-en","9":"tag-saham-assurance","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saham Assurance: contraction of net income - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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