STAR reports a sharp increase of its 2012 turnover

The Société Tunisienne d’Assurance et de Réassurance (Star) has published its 2012 results. Despite a slowing economic activity, the turnover of the number one insurer of the market has grown by 16% at 236.5 million TND (152.6 million USD). Net profit amounted to 15.3 million TND (9.8 million USD) compared to 16.08 million TND (10.7 million USD) in 2011. The overall balance sheet amounted to 792.84 million TND (511.84 million USD), an increase of 8%, while the shareholders’ equity, before distribution of the result, amounted to 219.60 million TND (141.79 million USD), which will cover 4.7 times the regulatory solvency margin.