BH Assurance: a 14% increase in 2019 turnover

BH Assurance has exceeded its target turnover for 2019. The latter amounted to 116.6 million TND (41.62 million USD), up 14% compared to 2018.

Non-life premiums grew by 21%, from 61.5 million TND (20.43 million USD) in 2018 to 74.2 million TND (26.48 million USD) one year later. Life insurance rose by 4.4% with premiums amounting to 42.4 million TND (15.13 million USD) in 2019 against the 40.6 million TND (13.49 million USD) reported one year before. This slight increase is accounted for by the declining credit insurance underwritings.

The incurred losses improved by 3% to 53.1 million TND (18.95 million USD) versus 54.4 million TND (18.07 million USD) at the end of 2018. The financial income amounted to 14.1 million USD (5.03 million USD) compared to 13.1 million TND (4.35 million USD) one year before.

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