Zitouna Takaful: results 2019

In 2019, Zitouna Takaful recorded a turnover of 60.562 million TND (21.617 million USD), thus reporting an increase of 15.4% in comparison with the 52.481 million TND (17.436 million USD) of 2018.

Non-life premiums amounted to 47.584 million TND (16.984 million USD) against 12.978 million TND (4.632 million USD) for the life class of business. The incurred losses increased by 11.75% to reach 27.917 million TND (9.965 million USD).

The net result rose by 46.4%, moving from 2.399 million TND (797 040 USD) at the end of 2018 to 3.513 million TND (1.25 million USD) by late 2019. The shareholder’s equity increased by 81.1%; set at 30.171 million TND (10.769 million USD).