:

: / 08 1945

2007 .2009
RESUME
Les socits dassurances sont considres parmi les importantes
entreprises financires non bancaires.
Pour que ces socits assurent sa continuit dexistence, il faut quelles
veillent au rendement financier qui reprsente ses diffrentes actions durant une
priode dtermine, en effectuant une valuation permanente en utilisant de
diffrentes mthodes parmi lesquelles lanalyse financire avec ses aspects
divers.
Lobjectif de cette tude est dvaluer le rendement financier des socits
dassurances et o projette ltude sur la socit Algrienne dassurance durant
la priode 07- 09.
:
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2007 .2009

198/63 12 1963

84

1964

1976 1984

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15 1989

1966

500 :

1995 07/95

.
:

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() 2009 2007

: :

.
()7

2008

2007

2009

5,137,779.11
55,455,159.09
29,569,954.92
1,458,662,262.00
30,477,961.21
452,582,955.20
2,031,886,071.53

1,543,427.86
55,305,159.09
29,569,958.76
1,525,335,998.15
53,819,412.11
414,330,015.64
2,079,903,971.61

1,012,487.51
53,499,274.30
30,019,958.76
1,683,281,690.67
61,430,031.65
292,300,587.54
2,111,544,030.43

70,883,731.65
70,883,731.65

71,325,259.50
71,325,259.50

81,543,055.26
81,543,055.26

3,875,373.82
151,906,847.80
10,883,337,459
88,923.50
3,384,013.68
520,473,059.66
1,133,371,631.75

2,993,909.96
151,699,477.64
16,067,920,887.69
962,504.39
4,495,673.05
564,615,964.45
770,560,717.21

1,175,568.86
152,508,942.39
15,772,662,026.32
219,428.26
80,493.00
623,790,295.27
722,919,805.41

86

279,556,466.16
570,647,243.56
13,546,686,018.60
15,649,437,821.70
2007

285,381,029.53
305,906,436.87
18,154,536,600.79
20,305,765,831.90
2008

302,534,968.85
323,294,496.15
17,899,186,023.52
20,092,273,109.21
2009

2,500,000,000.00
9,000.00
0.00

3,100,000,000.00
1,222,501.57
0.00

3,100,000,000.00
39,518,773.74
0.00

461,144,463.31
581,384,634.71
()63,082,156.29
115,273,227.88
3,594,729,169.61

47,535,963.31
612,530,262.99
13,354,845.97
494,907,161.65
4,269,554,735.49

47,535,963.31
676,115,562.14
0.00
180,729,023.80
4,043,899,322.99

193,741.99
9,848,000,814.65
195,124,851.32
1,727,424.75
865,980,683.36
186,537,425.26
539,176,341.20
280,139,629.58

119,393.23
10,346,495,461.15
235,601,077.74
3,281,996.45
3,964,315,862.55
0.00
496,211,773.86
569,394,178.41

23,022.12
11,267,721,289.51
256,237,929.85
5,568,328.44
2,757,674,855.90
250,124,452.53
304,799,078.71
527,915,173.65

33,024,322.39
11,957,700,652.10
97,008,000.00
15,649,437,821.70

60,025,798.88
15,648,455,542.27
387,765,554.14
20,305,765,831.90

157,646,386.00
15,527,710,516.71
520,663,269.51
20,092,273,109.21

: :

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: .

87


- 3 :
:

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-4 :
.
2009 2007
( )8

:
:

:
:

2007

2009

2008

55,455,159.09
29,569,954.92
1,458,662,262.00
30,477,961.21
452,582,955.20
10,883,337,459.00
3,384,013.68
12,913,469,765.10

55,305,159.09
29,569,958.76
1,525,335,998.15
53,819,412.11
414,330,015.64
16,067,920,887.69
4,495,673.05
18,150,777,104.49

53,499,274.30
30, 019,958.76
1,683,281,690.67
51, 430,031.65
292,300,587.54
15,772,662,026.32
80,493.00
17,883,274,062.24

70,883,731.65
70,883,731.65

71,325,259.50
71,325,259.50

81,543,055.26
81,543,055.26

3,875,373.82
151,906,847.80
88,923.50
520,473,059.66
1,133,371,631.75
279,556,466.56
2,089,272,303.09
570,647,243.56
2,730,803,278.30
15,644,273,043.40

2,993,909.96
151,699,477.64
962,504.39
564,615,964.45
770,560,717.21
285,381,029.53
1,776,213,603.18
305,906,436.87
2,153,445,299.55
20,304,222,404.10

1,175,568.86
152,508,942.39
219,428.26
623,790,295.27
722,919,805.41
302,534,968.85
1,803,149,009.05
323,294,496.15
2,207,986,560.46
20,091,260,621.70

2007
3,694,367,809.01
2,500,000,000.00
9,000.00
461,144,463.31
581,384,634.71

2008
4,655,776,861.77
3,100,000,000.00
1,222,501.57
47,535,963.31
612,534,262.99

88

2009
4,563,550,104.99
3,100,000,000.00
39,518,773.74
47,535,963.31
676,115,562.14

33,925,843.71

401,120,400.11

520,663,269.51

123,041,646.39
()5,137,779.11

494,907,161.65
()1,543,427.86

180,729,023.80
()1,012,487.51

195,124,851.32

235,601,077.74

256,237,929.85

195,124,851.32
3,889,492,660.33

235,601,077.74
4,891,377,939.51

256,237,929.85
4,819,788,034.84

193,741.99
9,848,000,814.65
1,727,424.75
865,980,683.36
186,537,425.26

119,393.23
10,346,495,461.15
3,281,996.45
3,964,315,862.55
0.00

23,022.12
11,267,721,289.51
5,568,328.44
2,757,674,855.90
250,124,452.53

539,176,341.20
280,139,629.58

496,211,773.86
569,394,178.41

304,799,078.71
527,915,173.65

33,024,322.39
11,754,780,383.18
15,644,273,043.40

60,025,798.88
15,412,844,464.53
20,304,222,404.10

157,646,386.00
15,271,472,586.90
20,091,260,621.70

:


.

: :

:)2009-2007

( )9

( + + )

2007

2008

2009

%31.29

%35.89

%33.86

%31.10

%36.45

%33.48

%33.49

%28.97

%28.93

2007 2008

89

2009

: :

:2009-2007

()9

2007

2008

2009

%95.94

%94.48

%93.78

%30.16

%26.47

%30.15

( -
)

%31.43

%29.18

%34.75

%11.75

%13.03

%12.97

%22.43

%17.60

%17.31

%74.36

%66.47

%57.43

%0.32

%0.30

%0.31
%0.31

%143.52

%168.76

%178.73

%75.98

%75.92

%80.94

%74.04

%73.04

%77.47

360

16.21

15.90

15.97

( )

%10.15

%7.03

%8.07

90

%95.94
2007

%93.78 2009

%30.16 2007 %26.47 2008 %30.15

2009

%10.15 2007 %8.07

2009 .

: :

:2009-2007

91


( )10 .
2007
%101.88

2008
%200.23

2009
%209.13

%2.98

%2.12

%4.85

%13.97

%14.46

%23.23

%209.13 2009

%23.23

2007 %14.46 .2009

: :

. :2009-2007
( )11 .

2007
%23.61

2008
%22.93

2009
%22.71

%63
%69.57

%51
%79.14

%56
%78.5

: :

92

%11.41 %8.33 %2.63 .

2007 %2.63 .

2008 2009 %8.33 %2.63

: :

2-2007

( )12 .

2007

2008

2009

%0.62

%1.91

%2.59

%2.63

%8.33

%11.41

%8.14

%10.41

%3.05

2008 2009

2007
.

::

:
.1
.

.2
.

.3
.

93


.4

.5
.

.6
.

.7
-:

.
.

2007 %2.63
2008 2009
.

2008 2009 2007

94

::

:
.1

.2

.3
.4

.5

.6

.7

.8

.9

95

-1 : 1979 .15

)(9

-2 :

1998

.22
(3) Denis Clair, Lambert : Economie des assurances, Armand Collin / Masson,
1996, p08.
(4) Ibid, p10.

-5 :
1980 .52

-6 : 1992 .427
(7) Mohamed Boudjellal, Aperu sur les assurances en Algrie au lendemain des rformes,
polycopie non dit, Universit FERHAT ABBAS, SETIF, 2000, p08.
(8) Ibid, p09.

-9 : :
1992 .60

-10 626
-11 :
1981 .375

-12 623

-13 : 2
1997 .23

-14 : : .35
(15) Vronique Pornin, Initiation la rassurance, dition EFE, Paris, 2000, p05.
(16) Faivre Yvan Lambert, Droit des Assurance, 8me dition, Dalloz, 1992, p44.
(17) Boualem Tafiani, les assurances en Algrie : tude pour une meilleure contribution la
stratgie de dveloppement, dition ENAP, Alger, 1988, p25

-18 : 1999
.100

-19 : .401
(20) Denis Clair Lambert, op.cit, p75.
(21) Tafiani Boualem, op.cit, p 120.

96


(22) Jacques le Douit : Les comptes des entreprises dassurance, Encyclopdie de
comptabilit, dition Economica, Paris, 2000, p 44.

-23 : 74

1992 .11

(24) E.Cohen : Analyse financier, 4e dition, Economica, Paris, 1997, p 07

(25) Depllens George, Jobard Jean-pierre: Gestion Financire, Serey, 10e dition, Paris,
1990, p 51.

-26 : :
2002 .297

-27 : :
1997 .262

-28 :

.365

1995

(29) lochard Jean: Comprendre les documents comptables et financiers, Editions

Organisation, Paris, 1997, p115.

-30 . : 2000 .57

(31) G.Simonet : Ratios copie de lAssurance, dition LArgus, 1988, p40.

97