At the end of the first half of 2018, the Gabonese reinsurer saw a decrease of 2.56% of the turnover compared to the same period of 2017, ie 6,698 billion FCFA against 6, 873 billion FCFA in 2017.
According to the SCG-Re newsletter, this deceleration is consecutive to that of the 16% legal divestments resulting from the market
Gabonese insurance of -5%, despite an increase of more than 46% in sales. The claims burden is up and stands at FCFA 3.4 billion.
The technical result stabilizes at FCFA 1.7 billion, while the financial result is up 44%, due to financial investments and bonds.
Overheads are up slightly due to commercial development through the Strategic Development Plan 2018-2022.
Despite the increase in expenses and the fall in sales, the net income is up 19.21% compared to 2017 and stands at FCFA 636 million against 533 million in 2017.
