The consolidated premium income generated by the Wafa Assurance Group, the leading insurance group in Morocco, reached more than MAD15,226m ($1,637m) in the 2025 financial year, an increase of 10.9% compared to the previous year.
This positive momentum is driven by performance both in Morocco and internationally, Wafa said in a statement, adding that overall growth was accelerated in the 4th quarter of 2025 thanks to the consolidation of Egyptian insurance entities.
In detail, premiums from the non-life business increased by 13.9% to approximately MAD6,867m and those from the life business rose by 8.6% to MAD8,359m.
During 4Q2025, Wafa completed the purchase of a 63.4% stake in Egyptian non-life insurer Delta Insurance, gaining entry into the Egyptian general insurance market. Delta’s life insurance arm, called Delta Life Assurance, was merged into Wafa’s existing Egyptian subsidiary, Wafa Life Insurance Egypt.
Aside from Morocco and Egypt, the group also operates in markets such as Tunisia, Gabon, Côte d'Ivoire, Senegal and Cameroon. Casablanca-listed Wafa's parent company is Attijariwafa, which is Morocco's biggest bank and a pan-African financial group.