Wafa Assurance (CAS:WAA) Pre-Tax Income: MAD1,321 Mil (TTM 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
66 GF Score
Price MAD5,260.00
GF Value MAD6,452.40
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Wafa Assurance Pre-Tax Income?

Wafa Assurance CAS:WAA -2.59% 66 Pre-Tax Income is MAD1,321 Mil as of Dec. 2025. GuruFocus rates CAS:WAA with a GF Score™ of 66/100 and a GF Value™ of MAD6,452.40 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Pretax income is the income that a company earns before paying income taxes. Wafa Assurance's pretax income for the six months ended in Dec. 2025 was MAD568 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2025 was MAD1,321 Mil. Wafa Assurance's pretax margin was 9.90%.

During the past 13 years, Wafa Assurance's highest Pretax Margin was 15.74%. The lowest was 4.31%. And the median was 7.94%.


Wafa Assurance  (CAS:WAA) Pre-Tax Income Explanation

Wafa Assurance's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pretax Income/Revenue
=567.533/5734.426
=9.90%

During the past 13 years, Wafa Assurance's highest Pretax Margin was 15.74%. The lowest was 4.31%. And the median was 7.94%.

* 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 Pre-Tax Income Related Terms


Wafa Assurance Pre-Tax Income Historical Data

* Premium members only.

The historical data trend for Wafa Assurance's Pre-Tax Income 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 Pre-Tax Income Chart

Wafa Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 610.90 670.69 818.06 1,315.02 1,321.14

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
Pre-Tax Income 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 208.77 830.89 484.13 753.61 567.53

CAS:WAA vs FNF, RYAN, FAF: Pre-Tax Income Comparison

For the Insurance - Specialty subindustry, Wafa Assurance's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wafa Assurance Pre-Tax Income vs Insurance Industry

For the Insurance industry and Financial Services sector, Wafa Assurance's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Wafa Assurance's Pre-Tax Income falls into.


CAS:WAA
66GF Score
Wafa Assurance SA CAS:WAA
Pre-Tax Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wafa Assurance Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Wafa Assurance's Pretax Income for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=1367.954+-46.814
=1,321

Wafa Assurance's Pretax Income for the quarter that ended in Dec. 2025 is calculated as

Pretax Income=Operating Income+Other
=495.453+72.08
=568

Pre-Tax Income 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 MAD1,321 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.

Frequently Asked Questions Learn more about Pre-Tax Income →
What does a Pre-Tax Income of MAD1,321 Mil mean?
Wafa Assurance (CAS:WAA) has a Pre-Tax Income of MAD1,321 Mil as of Dec. 2025. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Wafa Assurance and its competitors.
Is Wafa Assurance's Pre-Tax Income too high?
Wafa Assurance's current Pre-Tax Income is MAD1,321 Mil. Overall, Wafa Assurance has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wafa Assurance's Pre-Tax Income compare to FNF and RYAN?
Wafa Assurance's Pre-Tax Income of MAD1,321 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 Pre-Tax Income for an Insurance company?
A good Pre-Tax Income depends on the Insurance industry context. However, Pre-Tax Income 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 Pre-Tax Income mean?
A high Pre-Tax Income can signal that a stock is expensive relative to its fundamentals. Pre-Tax Income is the total earnings before taxes but after all operating and interest expenses. View historical data on Wafa Assurance and its competitors. Wafa Assurance's current Pre-Tax Income is MAD1,321 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 Modestly Undervalued. The stock's GF Value™ is MAD6,452.40, compared to a current price of MAD5,260.00 — trading 18.5% below its estimated fair value. The current Pre-Tax Income is MAD1,321 Mil. Wafa Assurance's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pre-Tax Income calculated?
Pre-Tax Income is calculated from a company's financial statements. For Wafa Assurance (CAS:WAA), the current Pre-Tax Income is MAD1,321 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 MAD5,260.00 is trading 18.5% below its estimated GF Value™ of MAD6,452.40. GuruFocus considers Wafa Assurance to be Modestly Undervalued.

Key valuation signals for CAS:WAA:

  • Pre-Tax Income: MAD1,321 Mil
  • GF Value™: MAD6,452.40 vs. price of MAD5,260.00 (18.5% below fair value)
  • GF Score™: 66/100 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.
66GF Score

Get the complete analysis for CAS:WAA

Pre-Tax Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MAD5,260.00
Price
MAD6,452.40
GF Value