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Sanlam Maroc Boosts Net Profit by Nearly 8% in 2025 Amid Strategic Life Business Shift
Sanlam Maroc closed 2025 with robust financial fundamentals and a clear value‑creation trajectory, even as it continues to reshape its Life insurance portfolio. Revenue slipped slightly to MAD 6.195 bn, but the Non‑Life segment’s solid performance helped offset the strategic adjustment in the Life line. Net profit rose 7.9 % to MAD 451 million, equity grew 2.2 % to MAD 5.449 bn and the Board is set to propose a dividend of MAD 98 per share – up from MAD 81 – underscoring a commitment to rewarding shareholders while maintaining a strong balance sheet.
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Markets – Wednesday, 11 February 2026
Strong fundamentals and confirmed value creation
Sanlam Maroc closed 2025 with solid financial fundamentals and confirmed value creation, while continuing the strategic repositioning of its Life insurance business.
Annual revenue
For the 2025 fiscal year, total revenue reached MAD 6.195 billion, a modest decline of 1.4 % compared with 2024. The dip mainly reflects the ongoing strategic adjustment of the Life segment, which was fully managed and offset by a robust performance in the Non‑Life branch that maintained steady commercial momentum.
Q4 2025 revenue
Revenue for the fourth quarter stood at MAD 1.336 billion, down 1.9 % year‑over‑year, confirming stability while the product mix undergoes a targeted transformation.
Balance‑sheet strength
- Investments linked to insurance operations grew to MAD 17.960 billion, up 6.5 % YoY, indicating stronger asset‑generation capacity and prudent liability management.
- Net technical provisions from cedants rose slightly by 0.3 %, underscoring stable technical obligations and sound reserving policy.
Net result
Net profit reached MAD 451 million in 2025 versus MAD 418 million in 2024, a 7.9 % increase that highlights improved operational profitability and the effectiveness of recent strategic choices.
Equity uplift
Shareholders’ equity climbed to MAD 5.449 billion at year‑end, a 2.2 % rise over 2024, reinforcing the company’s financial solidity and capacity to fund future growth while meeting prudential requirements.
Attractive dividend policy
Given the strong results and solid balance sheet, the Board will propose a dividend of MAD 98 per share for 2025 at the upcoming General Meeting, up from MAD 81 per share in 2024, signalling a commitment to rewarding shareholders sustainably.