BH Assurance: Q1 2021 results

BH Assurance recorded a 2.8% turnover increase during Q1 2021. The latter went from 40.231 million TND (14 million USD) in the first quarter of 2020 to 41.386 million TND (14.74 million USD) on 31 March 2021.

Set at 26.512 million TND (9.44 million USD), the non-life premiums rose by 10.1% during the period under review.

The life turnover declined by 8% reaching 14.874 million TND (5.29 million USD) in Q1 2021, compared to 16.153 million TND (5.62 million USD) recorded in the same period in 2020. Such decrease is related to the non-renewal of a major contract.

As of 31 March 2021, the incurred losses increased by 43%, set at 21.35 million TND (7.6 million USD) compared to 14.864 million TND (5.178 million USD) by late March 2020.

In Q1 2021, the investment income reached 3.751 million TND (1.3 million USD) thus increasing by 1.5% over one year.