News2025-08-29

AtlantaSanad Assurance: 18.3% Revenue Growth in Q1 2025

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AtlantaSanad Assurance: 18.3% Revenue Growth in Q1 2025
In the second quarter of 2025, AtlantaSanad Assurance achieved a revenue of 1,376 MDH, marking a 21.3% increase compared to 2024, which translates to an additional 242 MDH. The life insurance segment reported a revenue of 495 MDH, showing a significant growth of 49.5%, or 164 MDH, driven by a new bancassurance partnership with CDM and the acquisition of new business. The non-life segment generated a revenue of 881 MDH, reflecting a 9.7% increase, equivalent to 78 MDH. As of June 30, 2025, the total cumulative revenue reached 3,663 MDH, representing an 18.3% increase compared to the same period in 2024, which is an increase of 567 MDH. The non-life segment accounted for 2,620 MDH in revenue, demonstrating an 8.0% growth, while the life insurance segment stood at 1,043 MDH, recording a remarkable increase of 55.7%.

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AtlantaSanad Assurance: 18.3% Revenue Growth in Q1 2025