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Moroccan (MASI) Insurance Industry Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies5
- 7D6.2%
- 3M2.9%
- 1Y15.6%
- YTD19.6%
Last week, the Insurance industry hasn't moved much but Sanlam Maroc is up 7.2% in that time. As for the the longer term, the industry is up 10% over the past 12 months. Looking forward, earnings are forecast to grow by 4.5% annually.
Industry Valuation and Performance
Has the Moroccan Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | د.م39.0b | د.م29.4b | د.م2.2b | 19.2x | 18x | 1.3x |
| Sat, 22 Nov 2025 | د.م37.1b | د.م29.4b | د.م2.2b | 17.9x | 17.1x | 1.3x |
| Mon, 20 Oct 2025 | د.م37.3b | د.م29.4b | د.م2.2b | 17.9x | 17.2x | 1.3x |
| Wed, 17 Sep 2025 | د.م38.7b | د.م28.3b | د.م2.1b | 20.2x | 18.2x | 1.4x |
| Fri, 15 Aug 2025 | د.م39.5b | د.م28.3b | د.م2.1b | 19.9x | 18.6x | 1.4x |
| Sun, 13 Jul 2025 | د.م38.0b | د.م28.3b | د.م2.1b | 20.2x | 17.9x | 1.3x |
| Tue, 10 Jun 2025 | د.م37.3b | د.م28.3b | د.م2.1b | 20.2x | 17.6x | 1.3x |
| Thu, 08 May 2025 | د.م38.1b | د.م28.3b | د.م2.1b | 20.3x | 18x | 1.3x |
| Sat, 05 Apr 2025 | د.م34.9b | د.م28.2b | د.م2.1b | 19.6x | 16.6x | 1.2x |
| Mon, 03 Mar 2025 | د.م35.0b | د.م27.8b | د.م1.9b | 20.6x | 18.5x | 1.3x |
| Wed, 29 Jan 2025 | د.م36.0b | د.م27.8b | د.م1.9b | 20.5x | 19x | 1.3x |
| Fri, 27 Dec 2024 | د.م33.6b | د.م27.8b | د.م1.9b | 17.4x | 17.8x | 1.2x |
| Sun, 24 Nov 2024 | د.م33.9b | د.م27.7b | د.م1.9b | 19x | 17.9x | 1.2x |
| Tue, 22 Oct 2024 | د.م34.0b | د.م27.7b | د.م1.9b | 19.8x | 18x | 1.2x |
| Thu, 19 Sep 2024 | د.م34.3b | د.م26.7b | د.م1.8b | 20.1x | 19.2x | 1.3x |
| Sat, 17 Aug 2024 | د.م33.3b | د.م26.7b | د.م1.8b | 21.2x | 18.6x | 1.2x |
| Mon, 15 Jul 2024 | د.م32.9b | د.م26.7b | د.م1.8b | 20.4x | 18.4x | 1.2x |
| Wed, 12 Jun 2024 | د.م33.0b | د.م26.7b | د.م1.8b | 20x | 18.4x | 1.2x |
| Fri, 10 May 2024 | د.م34.0b | د.م26.7b | د.م1.8b | 20.4x | 19x | 1.3x |
| Sun, 07 Apr 2024 | د.م31.2b | د.م26.7b | د.م1.8b | 19.1x | 17.4x | 1.2x |
| Tue, 05 Mar 2024 | د.م30.9b | د.م25.4b | د.م1.6b | 19.7x | 19.5x | 1.2x |
| Thu, 01 Feb 2024 | د.م29.6b | د.م25.4b | د.م1.6b | 19.3x | 18.7x | 1.2x |
| Sat, 30 Dec 2023 | د.م29.5b | د.م24.9b | د.م1.6b | 19x | 18.5x | 1.2x |
| Mon, 27 Nov 2023 | د.م29.1b | د.م24.9b | د.م1.6b | 18.6x | 18.3x | 1.2x |
| Wed, 25 Oct 2023 | د.م29.4b | د.م24.5b | د.م1.2b | 19.3x | 23.7x | 1.2x |
| Fri, 22 Sep 2023 | د.م28.9b | د.م24.5b | د.م1.2b | 19.6x | 23.4x | 1.2x |
| Sun, 20 Aug 2023 | د.م29.0b | د.م19.1b | د.م822.0m | 21.9x | 35.3x | 1.5x |
| Tue, 18 Jul 2023 | د.م28.0b | د.م19.1b | د.م822.0m | 20.6x | 34x | 1.5x |
| Thu, 15 Jun 2023 | د.م28.2b | د.م24.7b | د.م1.2b | 19.8x | 22.8x | 1.1x |
| Sat, 13 May 2023 | د.م27.1b | د.م24.7b | د.م1.2b | 19.7x | 21.9x | 1.1x |
| Mon, 10 Apr 2023 | د.م26.8b | د.م25.2b | د.م1.4b | 20.9x | 19x | 1.1x |
| Wed, 08 Mar 2023 | د.م27.3b | د.م23.9b | د.م1.2b | 21.5x | 22.1x | 1.1x |
| Fri, 03 Feb 2023 | د.م24.7b | د.م23.9b | د.م1.2b | 20.7x | 20x | 1x |
| Sun, 01 Jan 2023 | د.م27.3b | د.م23.9b | د.م1.2b | 21.9x | 22.1x | 1.1x |
Price to Earnings Ratio
22.1x
Current Industry PE
- Investors are pessimistic on the Moroccan Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.1x which is lower than its 3-year average PE of 20.1x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 7.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Moroccan Financials industry?
| MA Market | 1.78% | |
| Financials | 0.70% | |
| Insurance | 6.19% | |
| General Insurance | 6.53% | |
| Insurance Brokers | 1.66% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 20.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the General Insurance industry, which is trading below its 3-year average of 20.1x.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 4.5% over the next 5 years.
- However this is lower than its past earnings growth rate of 8.4% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 4.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SAH Sanlam Maroc | د.م2.30k | 20.4% +د.م1.6b | 23.3% | PE13.9x | |
| ATL AtlantaSanad Société Anonyme | د.م154.00 | 6.9% +د.م602.8m | 18.5% | PE19.4x | |
| AGM Agma | د.م6.68k | 6.0% +د.م75.4m | -2.9% | PE19.2x | |
| WAA Wafa Assurance | د.م5.05k | 0.2% +د.م28.0m | 12.2% | PE20.6x |