Sanlam Maroc Achieves a Net Profit of MAD 451.6 Million in 2025 Despite Slight Revenue Decline
Sanlam Maroc announced a net profit of MAD 451.6 million for the year 2025, reflecting an increase of 8% compared to 2024, despite a slight decline in revenue to MAD 6.19 billion (-1.4%).
Yahia Cheribi, the company’s general manager, explained that operational performance remained primarily supported by non-life insurance activities and the continued strength of financial investments. He emphasized that the company succeeded in enhancing its operational profitability despite falling revenues.
In the last quarter of the year, revenue reached MAD 1.33 billion, down from MAD 1.36 billion during the same period the previous year, indicating stable activity amid a product mix reorganization. Investments allocated to insurance operations rose by 6.5% to MAD 17.96 billion, while the company’s equity increased to MAD 5.44 billion (+2.2%), reflecting the strength of its financial position and its ability to support future growth.
Regarding dividend distribution, the board of directors proposed a dividend of MAD 98 per share for 2025, compared to MAD 81 per share in 2024, reflecting the company’s commitment to providing a sustainable and attractive return to shareholders. This decision comes as part of strengthening the company’s financial structure as the new year begins.
Additionally, Cheribi confirmed that the merger project with Allianz Maroc is proceeding according to plan, focusing on achieving cost savings and boosting revenues, along with enhancing the company’s new network, which will include approximately 750 sales points—representing an opportunity to strengthen the company’s presence in the Moroccan insurance market and increase its competitive capacity.
