Tunis Re: results as of 31 December 2020

As of 31 December 2020, Tunis Re posted a 4.5% turnover decrease. The latter dropped from 162.135 million TND (57.8 million USD) on 31 December 2019 to 154.773 million TND (57.1 million USD) one year later.

During the period under review, non-life premiums amounted to 131.194 million TND (48.4 million USD), a decline of 2.3% compared to 2019.

The life activity achieved a turnover of 7.151 million TND (2.6 million USD) in 2020 against 9.203 million TND (3.03 million USD) in 2019: a decrease of 22.3% over one year.

The Retakaful activity decreased by 11.8% and was set at 16.428 million TND (6.06 million USD).

The net incurred losses of retrocession improved by 11.8% from 54.834 million TND (19.5 million USD) in 2019 to 48.361 million TND (17.8 million USD) by late 2020.

At 31 December 2020, the financial products decreased by 1.4% to be established at 24.057 million TND (8.8 million USD).

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