News Middle East18 Oct 2020

Algeria:State owned reinsurer shows strong technical results, good investment returns

| 18 Oct 2020

Compagnie Centrale de Réassurance (CCR) has a track record of strong operating profitability, underpinned by robust technical results and good investment returns. Profit after tax but before transfers to the equalisation reserves has ranged from DZD3.2bn ($30.3m) to DZD4.8bn over the past five years (2015-2019), driving a strong five-year weighted average return-on-equity ratio of 12.2% over the same period, says AM Best.

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