Assurances BIAT: 2019 results

In 2019, Assurances BIAT posted a turnover in decline by 2.95% as it dropped from 125.5 million TND (41.69 million USD) in 2018 to 121.8 million TND (43.47 million USD) twelve months later. As at 31 December 2019, the life premiums amounted to 62.058 million TND (22.15 million USD) against 59.74 million TND (21.32 million USD) in the non-life activity.

The Tunisian insurer closed the year 2019 with a net profit of 11.6 million TND (4.14 million USD), up by 32% in comparison with the 8.77 million TND (2.91 million USD) of 2018.

The life underwritings result saw a clear improvement by 33.8% and were set at 13.095 million TND (4.67 million USD). The non-life activity increased by 22.5% to be set at 3.688 million TND (1.31 million USD).

The shareholder’s equity before appropriation of profit amounted to 52.65 million TND (18.79 million USD) at the end of 2019 against 45.39 million TND (15.08 million USD) by late 2018. The capital remained unchanged at 22 million TND (7.85 million USD).

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