Atlanta Group: Net income up 5.6% in H1-2020

The half-year results of the Atlanta Group for the first half of the current year show an increase in consolidated net income to stand at MAD 213 million (MDH), an increase of 5.6% compared to the same period of 2019.

It also emerges that the consolidated turnover of the Atlanta group amounts to MAD 2,921 million, up 5.7% compared to the first half of 2019.

With regard to social results, the Group notes that it demonstrated resilience during the first half of the year, in a context of an exceptional health crisis.

Despite a second quarter impacted very strongly at the level of the Non-Life activity, the growth in turnover was maintained at the end of June with an evolution of 4.8% to 1,565 MDH and a net profit up 27.2% amounting to 231 MDH.

The increase in turnover is both in the Non-Life segment (+ 5%) and that of Life (+ 3.9%), observes the insurance company.

Atlanta was also able to maintain its ambitions by creating the first OPCI from the insurance sector, allowing it at the same time to compensate for the underperformance of the financial markets generated by the effects of the pandemic.

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