Zitouna Takaful : 2020 results

Zitouna Takaful has posted a turnover of 67.568 million TND (24.93 million USD) for the year 2020, an increase of 11.5% compared to the 60.562 million USD (21.616 million USD) recorded in 2019.

Non-life premiums (General Takaful Fund) have reached 52.542 million TND (19.38 million USD) against 15.026 million TND (5.55 million USD) for the life class of business (Family Takaful Fund).

The incurred losses decreased by 13.2% to stand at 24.208 million TND (8.93 million USD) in 2020.

The net profit went from 3.513 million TND (1.253 million USD) as at 31 December 2019 to 5.427 million TND (2.002 million USD) in 2020, that is, an improvement of 55%.

At 35.598 million TND (13.13 million USD), the company's shareholders' equity grew by 18% in 2020.