CICA-Ré, reinsurer of the CIMA zone, is doing well. Sales in 2017 amounted to CFAF 46.3 billion, up 21% over the previous year.
Half of this amount is made in the CIMA zone (14 countries), reads in the 34 th annual report presented on the sidelines of the 36th general meeting of the company held on June 28 and 29, 2018 in Yaoundé.
Statutory sales represented 18.66% (22.57% in 2016) of sales and recorded a decrease of 3.91 points compared to the previous year. Conventionals, which accounted for 77.43% of sales in the year under review, amounted to 81.34% in 2017 in all areas combined in relative terms, with a nominal increase of 27.33%.
The total balance sheet amounts to CFAF 90.531 billion against CFAF 82.648 billion in 2016, an increase of CFAF 7.883 billion in absolute value and 9.54% in relative value.
The technical results of the Gross Acceptances reach 9,002 billion FCFA. Profit for the year, after deduction of general expenses and depreciation, and under the effect of non-operating profits and losses, amounted to 4.114 billion FCFA against 3.81 billion FCFA in 2016. It represents 13.71% of share capital.
