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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

AtlantaSanad

ATL · Bourse de Casablanca · Consolidated statements

On this page
Company details
Legal name
AtlantaSanad
Listing
ATL on the Bourse de Casablanca, active · ISIN MA0000011710 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Primes émises brutes (non-vie)

    MAD 4.26 billion

    4,262,628 MAD thousands · p141

    +6.3% vs 2024

    Printed 'Primes émises brutes' in the 'COMPTE TECHNIQUE ASSURANCE NON-VIE' (p141); the printed label is the same as the life line, so the controller may want a qualifier such as '(non-life)'.

  • Primes émises brutes (vie)

    MAD 1.79 billion

    1,786,734 MAD thousands · p141

    +42.9% vs 2024

    Printed 'Primes émises brutes' in the 'COMPTE TECHNIQUE ASSURANCE VIE' (p141).

  • RÉSULTAT TECHNIQUE (C = A + B)

    MAD 536 million

    535,655 MAD thousands · p141

    +0.1% vs 2024

    Printed 'RÉSULTAT TECHNIQUE (C = A + B)' (p141).

  • Profit / (loss) for the year

    MAD 468 million

    467,641 MAD thousands · p141

    +3.1% vs 2024

    Printed 'RÉSULTAT NET' (p141).

  • Total assets

    MAD 21.4 billion

    21,368,216 MAD thousands · p140

    +6.1% vs 2024

    Printed total of the actif (p140, unlabelled total line).

  • Total equity

    MAD 2.48 billion

    2,481,980 MAD thousands · p140

    +4.8% vs 2024

    Printed 'CAPITAUX PROPRES DE L'ENSEMBLE CONSOLIDÉ' (p140).

Large amounts are rounded for reading (MAD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MAD thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Primes émises brutes1 1,786,734 1,250,388
Primes émises cédées2 (17,365) (17,772)
Produits techniques d’exploitation3 11,370 8,818
Prestations et frais4 (1,699,828) (1,074,066)
Prestations et frais cédés5 16,523 15,753
Charges techniques d’exploitation6 (410,312) (362,483)
Produits des placements affectés aux opérations d’assurance.7 243,517 201,891
Charges des placements affectés aux opérations d’assurance.8 (14,525) (41,894)
RÉSULTAT TECHNIQUE VIE (A)9 (83,887) (19,366)
Primes émises brutes10 4,262,628 4,009,582
Primes émises cédées11 (679,146) (548,192)
Variation des provisions pour primes non acquises brutes12 (85,273) (128,214)
Variation des provisions pour primes non acquises cédées13 –14 –14
Produits techniques d’exploitation15 34,373 23,240
Prestations et frais16 (2,772,549) (2,553,635)
Prestations et frais cédés17 198,598 282,047
Charges techniques d’exploitation18 (1,116,145) (1,060,336)
Produits des placements affectés aux opérations d’assurance19 819,468 573,078
Charges des placements affectés aux opérations d’assurance20 (42,412) (43,017)
RÉSULTAT TECHNIQUE NON-VIE (B)21 619,542 554,552
RÉSULTAT TECHNIQUE (C = A + B)22 535,655 535,186
Produits non techniques courants23 16,434 21,740
Charges non techniques courantes24 (51,706) (37,826)
Résultat non technique courant25 (35,272) (16,086)
Produits non techniques non courants26 2,726 75
Charges non techniques non courantes27 (3,845) (14,047)
Résultat non technique non courant28 (1,119) (13,972)
RÉSULTAT NON TECHNIQUE (D)29 (36,391) (30,058)
RÉSULTAT AVANT IMPÔT (C + D) 499,264 505,128
Impôt sur le résultat (40,400) (55,231)
Dotations d’amortissement des écarts d’acquisition30 (137) (18,399)
Quote-part des sociétés mises en équivalence 8,914 21,862
RÉSULTAT NET 467,641 453,361
Intérêts minoritaires31 1 1
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_hw160myvv3w3.nonlife_technical_result.
Notes and alternative reported figures (30)
  1. “Primes émises brutes” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  2. “Primes émises cédées” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  3. “Produits techniques d’exploitation” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  4. “Prestations et frais” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  5. “Prestations et frais cédés” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  6. “Charges techniques d’exploitation” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  7. “Produits des placements affectés aux opérations d’assurance.” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  8. “Charges des placements affectés aux opérations d’assurance.” is an issuer-specific line, not mapped to a shared definition: Life technical account.
  9. “RÉSULTAT TECHNIQUE VIE (A)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  10. “Primes émises brutes” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  11. “Primes émises cédées” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  12. “Variation des provisions pour primes non acquises brutes” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  13. “Variation des provisions pour primes non acquises cédées” is an issuer-specific line, not mapped to a shared definition: Non-life technical account (dashes both years).
  14. “Produits techniques d’exploitation” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  15. “Prestations et frais” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  16. “Prestations et frais cédés” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  17. “Charges techniques d’exploitation” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  18. “Produits des placements affectés aux opérations d’assurance” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  19. “Charges des placements affectés aux opérations d’assurance” is an issuer-specific line, not mapped to a shared definition: Non-life technical account.
  20. “RÉSULTAT TECHNIQUE NON-VIE (B)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  21. “RÉSULTAT TECHNIQUE (C = A + B)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  22. “Produits non techniques courants” is an issuer-specific line, not mapped to a shared definition: Non-technical account.
  23. “Charges non techniques courantes” is an issuer-specific line, not mapped to a shared definition: Non-technical account.
  24. “Résultat non technique courant” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  25. “Produits non techniques non courants” is an issuer-specific line, not mapped to a shared definition: Non-technical account.
  26. “Charges non techniques non courantes” is an issuer-specific line, not mapped to a shared definition: Non-technical account.
  27. “Résultat non technique non courant” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  28. “RÉSULTAT NON TECHNIQUE (D)” is an issuer-specific line, not mapped to a shared definition: Printed subtotal.
  29. “Dotations d’amortissement des écarts d’acquisition” is an issuer-specific line, not mapped to a shared definition: Below profit before tax.
  30. “Intérêts minoritaires” is an issuer-specific line, not mapped to a shared definition: Minority interests' share of net result.

Balance sheet

Balance sheet, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Ecart d'acquisition1 960 1,098
Immobilisations corporelles 117,221 116,889
Titres mis en équivalence 334,961 343,531
Placements affectés aux opérations d’assurance2 14,316,352 13,284,255
Autres immobilisations3 106,445 113,995
Impôts différés actifs 14,329 13,132
Actif immobilisé (unlabelled subtotal) 14,890,267 13,872,901
Part des cessionnaires dans les provisions techniques4 1,047,771 1,154,445
Assurés, intermédiaires et comptes rattachés débiteurs5 2,151,056 2,334,573
Autres éléments de l’actif circulant6 2,660,714 2,390,466
Actif circulant (unlabelled subtotal) 5,859,542 5,879,484
Trésorerie - actif 618,407 380,081
Total actif (unlabelled total) 21,368,216 20,132,466
Capital 602,836 602,836
Réserves consolidées7 1,411,503 1,311,579
Résultat consolidé8 467,641 453,361
CAPITAUX PROPRES DE L’ENSEMBLE CONSOLIDÉ 2,481,980 2,367,775
Dont : Capitaux propres part du groupe 2,481,937 2,367,730
Intérêts minoritaires 43 46
Dettes de financement9 41,453 23,036
Provisions techniques10 15,725,644 14,642,011
Provisions pour risques et charges 31,774 15,703
Financement permanent (unlabelled subtotal)11 18,280,850 17,048,525
Dettes pour les espèces remises par les cessionnaires12 622,766 685,049
Cessionnaires, cédants coassureurs et comptes13 695,810 593,595
Assurés, intermédiaires et comptes rattachés14 721,527 731,722
Autres dettes du passif circulant15 627,334 607,431
Passif circulant (unlabelled subtotal) 2,667,436 2,617,796
TRÉSORERIE - PASSIF16 419,929 466,144
Total passif (unlabelled total) 21,368,216 20,132,466
Notes and alternative reported figures (16)
  1. “Ecart d'acquisition” is an issuer-specific line, not mapped to a shared definition: Goodwill, net.
  2. “Placements affectés aux opérations d’assurance” is an issuer-specific line, not mapped to a shared definition: Investments backing insurance operations.
  3. “Autres immobilisations” is an issuer-specific line, not mapped to a shared definition: Other fixed assets.
  4. “Part des cessionnaires dans les provisions techniques” is an issuer-specific line, not mapped to a shared definition: Reinsurers' share of technical provisions (current assets).
  5. “Assurés, intermédiaires et comptes rattachés débiteurs” is an issuer-specific line, not mapped to a shared definition: Receivables from policyholders and intermediaries.
  6. “Autres éléments de l’actif circulant” is an issuer-specific line, not mapped to a shared definition: Other current assets.
  7. “Réserves consolidées” is an issuer-specific line, not mapped to a shared definition: Consolidated reserves.
  8. “Résultat consolidé” is an issuer-specific line, not mapped to a shared definition: Consolidated net result shown within equity.
  9. “Dettes de financement”: mapping to a shared definition is uncertain. Printed 'Dettes de financement' within the permanent-financing block.
  10. “Provisions techniques” is an issuer-specific line, not mapped to a shared definition: Gross technical provisions (Moroccan insurance framework; not IFRS 17).
  11. “Financement permanent (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of equity, financing debt, technical provisions and provisions for risks and charges.
  12. “Dettes pour les espèces remises par les cessionnaires” is an issuer-specific line, not mapped to a shared definition: Cash deposits received from reinsurers.
  13. “Cessionnaires, cédants coassureurs et comptes” is an issuer-specific line, not mapped to a shared definition: Payables to reinsurers and co-insurers.
  14. “Assurés, intermédiaires et comptes rattachés” is an issuer-specific line, not mapped to a shared definition: Payables to policyholders and intermediaries.
  15. “Autres dettes du passif circulant” is an issuer-specific line, not mapped to a shared definition: Other current liabilities.
  16. “TRÉSORERIE - PASSIF”: mapping to a shared definition is uncertain. Printed 'Trésorerie - passif' (bank overdrafts and short-term treasury credit).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Profit / (loss) attributable to shareholders (MAD thousands)1 467,639 453,359
Notes and alternative reported figures (1)
  1. Profit / (loss) attributable to shareholders: printed as “Part du Groupe”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • AtlantaSanad Assurance — Rapport Annuel Financier 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: FIDAROC GRANT THORNTON (Faïçal MEKOUAR) and FORVIS MAZARS (Abdou Souleye DIOP), unmodified opinion · signed

    Auditor's sign-off: FIDAROC GRANT THORNTON, Faïçal MEKOUAR, Associé; FORVIS MAZARS, Abdou Souleye DIOP, Associé

    Final status: Statutory auditors' report on the consolidated financial statements ('Rapport d'audit sur les états de synthèse consolidés', FIDAROC GRANT THORNTON, Faïçal MEKOUAR, associé, and FORVIS MAZARS, Abdou Souleye DIOP, associé) with an unmodified opinion (PDF p144) closes 'Casablanca, le 30 avril 2026' with both firms' stamps and handwritten signatures (PDF p147, page image). The report's internal page numbering runs 1, 3, 4, 4-5 (PDF pp144-147): a page '2' (part of the key audit matters) appears to be missing and page '4' is printed twice. No board approval date is printed with the consolidated statements.

    Document date
    30 Apr 2026
    Auditor's report
    30 Apr 2026
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · MAD thousands (printed “Not printed on the statements; KMAD per the auditors' report (p144)”)
    • Consolidated cash-flow statement (PDF p143) does not reconcile and is not transcribed: the operating lines (résultat net 467 641 to variation des impôts différés -8 914) add to about 1 191 564 but 'A - Flux d'exploitation' prints -1 197 (2024: -621); A + B + C (-1 197 + 845 646 - 588 291) does not give 'E - Variation nette de la trésorerie (A+B+C+D)' -331 228; 'F - Trésorerie au 1er janvier' 284 541 differs from the 2024 closing 'H' -86 063; 'Correction du résultat de cession de titres consolidés' prints 137 / 18 399 (the CPC's goodwill amortisation) and 'Variation des impôts différés' -8 914 / -21 862 (the CPC's share of associates), so lines appear shifted against their labels. Only 'H - Trésorerie en fin de période' 198 478 (2024: -86 063) agrees with the balance sheet (trésorerie actif less passif). Checked on the page image.
    • Moroccan insurance accounting framework (not IFRS): technical accounts for life and non-life, then a non-technical account. Revenue is not mapped; gross written premiums are recorded as issuer-native concepts per account.
    • Printed subtotals differ by 1 from their lines in places (rounding): life technical result 2025, non-current and current assets 2025, permanent financing and current liabilities 2025, total passif 2025; group share plus minorities (467 639 + 1) against net result 467 641. Kept as printed.
    • No unit is printed on the consolidated statement pages (pp140-143); the statutory auditors' report states consolidated equity of 2.481.980 KMAD and consolidated net income of 467.641 KMAD (p144), matching the statements: recorded in thousands of dirhams.
    Technical details
    File
    184 pages, with a text layer
    SHA-256
    5c700bd201146a3c38b60b962b1ef0cbba75f338917087e36842f49f8880b67e
    Entity as printed
    ATLANTASANAD S.A. et ses filiales (le « groupe ATLANTASANAD »); AtlantaSanad Assurance
    Regulator copy
    retrieved 2026-10-08T18:15:20Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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