Tunis Re: turnover increase in 2022

Tunis Re closed the year 2022 with a turnover of 189.708 million TND (60.417 million USD), up 16%, in local currency, compared to the 163.185 million TND (56.63 million USD) recorded in 2021.

The non-life premiums grew by 18% to 164.467 million TND (52.379 million USD). Non life insurance was driven by the fire class of business with 69.042 million TND (21.988 million TND) of written premiums as of 31 December 2022. To-date, life premium income amount to 8.39 million TND (2.672 million USD), decreasing by 10.7% in comparison 2021. The Retakaful business rose by 12% to 16.851 million TND (5.366 million USD) in turnover.

The incurred losses went up from 77.283 million TND (26.82 million TND) in 2021 to 95.876 million TND (30.534 million USD) one year later.

The financial income reached 26.549 million TND (8.455 million USD), increasing by 13.3%.