STAR, sharply increasing net result in 2018

The Société Tunisienne d’Assurances et de Réassurances (STAR) has published its financial statements ending 31 December 2018.

The first Tunisian insurer closed the year with a net result of 17.742 million TND (5.894 million USD), that is an increase of 152% compared to 2017.

The earned premiums grew by 6.8% at 359.636 million TND (119.485 million USD). The incurred losses rose by 9% at 278.817 million TND (92.634 million USD).

The net investment income reached 66.861 million TND (22.213 million USD), up by 18.8% over one year.

STAR's board of directors proposed to shareholders a dividend of 3.075 TND (1.021 USD) per share and announced its ordinary general meeting for May 2, 2019.

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