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Casablanca Stock Exchange

Last update 19 Jun 2026

WAFA ASSURANCE · WAA.CS

Morocco · Financials · Insurance · MAD

Price history

Wafa Assurance is a Moroccan insurer offering life, non-life and reinsurance products to individuals, families, professionals and businesses. Its portfolio includes health, retirement, death, education, savings, motor, fire, marine, technical risk, casualty and related insurance solutions. The company distributes through its own agency network and through banking and partner channels, including links to the Attijariwafa Bank group. Its business model depends on underwriting discipline, claims management, distribution reach, investment income, premium growth and demand for protection and savings products in Morocco. Key business drivers include customer demand, pricing discipline, operating efficiency, distribution reach and access to financing.

Fundamentals

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Metric  (MAD, B) 2025 2024 2023 2022 2021
Revenue Total Revenue 17
EBITDA
EBIT 1
Net income Net Income 1
Operating margin 7%
Net margin 6%