STAR, positive net result in 2010

STAR has posted a net profit of 17.79 million TND (12.4 million USD) for 2010. Written premiums increased modestly at 212.7 million TND (149 million USD) (+1.5%). The balance sheet total amounts to 709.79 million TND (497 million USD).

Pre-income shareholder’s equity reached 193.98 million TND (136 million USD), that is, a cover 4 times as high as the statutory margin. Investment income rose by 2.8% at 31.5 million TND (22 million USD). Paid claims decreased by 25.8% over the previous year at 137.4 million TND (96.3 million USD) while the provisions for outstanding claims increased by 4.2% at 339 million TND (237 million USD).

In 2011, the company planned to relook its signage, launch new products and introduce a new trading platform with the insured named "Auto Service+".

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