Alliance Assurances, a private insurance company founded by CEO Hassen Khelifati, has announced its financial results for the first half of 2026. The company reported a revenue of 3.743 billion Algerian dinars, up 10.8% from 3.378 billion Algerian dinars in the same period of 2025. This growth is attributed to the increase in most business segments, confirming the effectiveness of the company's diversification strategy.
Despite the revenue growth, Alliance Assurances reported a net profit of 131.2 million Algerian dinars, down 14.46% from 153.4 million Algerian dinars in the first half of 2025. The company attributed this decline to an increase in claims and provisioning. The results were announced on September 30, 2026, and reflect the company's performance in a challenging market.
Alliance Assurances is pursuing its strategic plan, focusing on innovation, digitalization, and service quality. The company aims to enhance its offerings and improve customer experience. This strategy is aligned with its goal of maintaining a strong market position in Algeria.
The company's innovation efforts were recognized at the 4th Algerian Financial Inclusion Forum, where it won the prestigious Prize for Digital Insurance Innovation and InsurTech. Alliance Assurances was awarded for its digital triptych, comprising the MyALLIANCE application, a 100% digital process, and Alia, an intelligent chatbot. These innovations aim to simplify processes, enhance transparency, and provide rapid services.
The digital process allows customers to manage their policies and claims online, providing autonomy and efficiency. The MyALLIANCE application and Alia chatbot are part of Alliance Assurances' efforts to leverage technology and improve customer engagement. The company sees innovation as a key driver of growth and customer satisfaction.
In addition to its innovation achievements, Alliance Assurances was also recognized for its social responsibility initiatives during the 2nd Algerian Forum on Corporate Social Responsibility. The company was awarded in the "Citizen Financial Inclusion" category for its projects with environmental, social, and governance impact. This recognition reflects the company's commitment to contributing to Algeria's sustainable development.
Alliance Assurances' CEO, Hassen Khelifati, has emphasized the importance of reconciling Algerians with insurance products. The company aims to increase insurance penetration in Algeria and promote a culture of risk management. By investing in innovation and digitalization, Alliance Assurances is well-positioned to achieve its goals and maintain its market leadership.
Key points
- Alliance Assurances reports a 10.8% increase in revenue for the first half of 2026, driven by growth in most business segments.
- The company's net profit declined by 14.46% due to increased claims and provisioning.
- Alliance Assurances was recognized for its innovation and social responsibility initiatives at recent forums in Algeria.
