Tunis Re, results as of September 30th, 2018

Tunis Re posted, as at September 30th, 2018, a turnover of 101.16 million TND (36.06 million USD), an increase of 15.4% compared to the same period of the previous year. The Tunisian reinsurer has, to date, achieved 78.2% of its revenue target for 2018.

The retakaful class of business has recorded a 33% increase. Premiums amounted to 10.142 million TND (3.61 million USD), fulfilling 89% of the target set for the end of 2018.

As a reminder, on July 26th, 2018, the rating agency A.M. Best confirmed the Tunisian reinsurer's "B +" financial strength and "bbb" long-term credit rating with a stable outlook.