Casablanca Stock Exchange, Insurance

AFMA

Moroccan insurance brokerage and advisory firm for companies.

At a glance

AFMA advises companies on their insurance needs and places their policies with insurers: employee health and protection, industrial risks, vehicle fleets.

History

AFMA was founded in 1953. It advises companies and individuals and places their insurance contracts: property, transport, credit, motor, life and health. It has been listed on the Casablanca Stock Exchange since 2015.

Latest published results

In the first half of 2026, consolidated revenue rose 9% to MAD 194.2 million. EBITDA increased 7% to MAD 94.6 million. Net income attributable to the group reached MAD 57.7 million, up 12%.

What to watch

Business growth in the second half and margin stability.

Key dates

  1. 1953

    Company founded.

  2. 2015

    First listing on the Casablanca Stock Exchange.

  3. 2026

    Net income attributable to the group up 12% in the first half.

Sources: Boursenews, AFMA : résultats du premier semestre 2026, September 24, 2026; African Markets, fiche société AFMA, October 29, 2026.

Profile updated on October 29, 2026.

General information only. Nothing on this site constitutes investment advice or a recommendation to buy or sell.