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Tunis Re: Q1 2020 results

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Magazine Issue: 
Insurers up against the pandemic [3]
Magazine date: 
Apr 2020

Tunis ReTunis Re published its quarterly results as at 31 March 2020.

The turnover achieved during Q1 2020 remained stable compared to the one recorded twelve months before : 56.758 million TND (19.772 million USD) in Q1 2020 against 56.687 million TND (19.144 million USD) in Q1 2019.

Unlike premiums, the incurred losses increased by 33% to 12.521 million TND (4.362 million USD) at the end of March 2020. The financial products recorded a 9.5% growth and stood at 6.198 million TND (2.159 million USD).

The turnover reported during the first quarter of 2020, represents 33% of the 2020 premium objectives.

Read also | Ranking of MENA zone reinsurers [4]

Thu, 30/04/2020 - 16:34

Source URL: https://www.atlas-mag.net/en/article/tunis-re-quarterly-results-of-2020

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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-pandemic
[4] https://www.atlas-mag.net/en/article/ranking-of-mena-region-reinsurers-per-turnover-2018