Wafa Assurance (CAS:WAA) Policy Acquisition Expense: MAD Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CAS:WAA Wafa Assurance SA CAS:WAA
65 GF Score
Price MAD4,810.00
GF Value MAD6,947.34
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Wafa Assurance Policy Acquisition Expense?

Wafa Assurance CAS:WAA -7.50% 65 Policy Acquisition Expense is MAD Mil as of Dec. 2025. GuruFocus rates CAS:WAA with a GF Score™ of 65/100 and a GF Value™ of MAD6,947.34 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Policy acquisition expense is the expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc. Wafa Assurance's policy acquisition expense for the six months ended in Dec. 2025 was MAD Mil. Its policy acquisition expense for the trailing twelve months (TTM) ended in Dec. 2025 was MAD Mil.


Wafa Assurance Policy Acquisition Expense Historical Data

* Premium members only.

The historical data trend for Wafa Assurance's Policy Acquisition Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wafa Assurance Policy Acquisition Expense Chart

Wafa Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Policy Acquisition Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Wafa Assurance Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Policy Acquisition Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -
CAS:WAA
65GF Score
Wafa Assurance SA CAS:WAA
Policy Acquisition Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wafa Assurance Policy Acquisition Expense Calculation

Expenses incurred by insurance companies in activities such as marketing, advertising, commissions etc.

Policy Acquisition Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MAD Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Policy Acquisition Expense of MAD Mil mean?
Wafa Assurance (CAS:WAA) has a Policy Acquisition Expense of MAD Mil as of Dec. 2025. Policy acquisition expenses are costs insurance companies incur through marketing and commissions. View historical data on Wafa Assurance and its competitors.
Is Wafa Assurance's Policy Acquisition Expense too high?
Wafa Assurance's current Policy Acquisition Expense is MAD Mil. Overall, Wafa Assurance has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wafa Assurance's Policy Acquisition Expense compare to FNF and RYAN?
Wafa Assurance's Policy Acquisition Expense of MAD Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Policy Acquisition Expense for an Insurance company?
A good Policy Acquisition Expense depends on the Insurance industry context. However, Policy Acquisition Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Policy Acquisition Expense mean?
A high Policy Acquisition Expense can signal that a stock is expensive relative to its fundamentals. Policy acquisition expenses are costs insurance companies incur through marketing and commissions. View historical data on Wafa Assurance and its competitors. Wafa Assurance's current Policy Acquisition Expense is MAD Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wafa Assurance stock overvalued right now?
Based on GuruFocus' analysis, Wafa Assurance (CAS:WAA) is currently considered Significantly Undervalued. The stock's GF Value™ is MAD6,947.34, compared to a current price of MAD4,810.00 — trading 30.8% below its estimated fair value. The current Policy Acquisition Expense is MAD Mil. Wafa Assurance's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Policy Acquisition Expense calculated?
Policy Acquisition Expense is calculated from a company's financial statements. For Wafa Assurance (CAS:WAA), the current Policy Acquisition Expense is MAD Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Wafa Assurance (CAS:WAA) Overvalued in 2026?

Based on GuruFocus' analysis, Wafa Assurance stock appears to be undervalued. The current stock price of MAD4,810.00 is trading 30.8% below its estimated GF Value™ of MAD6,947.34. GuruFocus considers Wafa Assurance to be Significantly Undervalued.

Key valuation signals for CAS:WAA:

  • Policy Acquisition Expense: MAD Mil
  • GF Value™: MAD6,947.34 vs. price of MAD4,810.00 (30.8% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the CAS:WAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wafa Assurance Business Description

Address 1 bd Abdelmoumen, Casablanca, MAR, 20100
Wafa Assurance SA is a Morocco-based company engaged in the provision of the insurance services. The company offers fire and explosion insurance, theft, and sabotage insurance, water damage insurance, machine breakage insurance, and information and electronic equipment insurance. In addition, it also provides insurance to multiple risks, health, professionals, general accidents, property damage and many more.
65GF Score

Get the complete analysis for CAS:WAA

Policy Acquisition Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD4,810.00
Price
MAD6,947.34
GF Value