Tunisian insurance groups: ranking by turnover in 2021

Magazine Issue:

The insurance industry, a market under strain [3]

Magazine date:

Oct 2022

Comité Général des Assurances (CGA) The Tunisian insurance market ended the year 2021 with a 10.2% increase in its turnover to 2.833 billion TND (983.208 million USD).

STAR has maintained its leading position with 368.161 million TND (127.763 million TND) of premiums. COMAR, Maghrebia and GAT groups came in second, third and fourth positions with gross written premiums of 313.935 million TND (108.945 million USD), 294.253 million TND (102.114 million USD) and 255.362 million TND (88.618 million USD) respectively.

The CARTE group came 5^th in the ranking with a turnover of 198.094 million TND (68.745 million USD).

Tunisian insurance groups and companies in 2021: turnover, technical result and net result

Figures in thousands

Ranking ⁽¹⁾	Groups and companies	Turnover		Technical result		Net result
Ranking ⁽¹⁾	Groups and companies	TND	USD	TND	USD	TND	USD
1	STAR	368 161	127 763	-3 704	-1 285	21 056	7 307
2	Groupe COMAR ⁽²⁾	313 935	108 945	42 059	14 596	41 542	14 416
3	Groupe MAGHREBIA ⁽³⁾	294 253	102 114	37 699	13 082	34 644	12 023
4	Groupe GAT ⁽⁴⁾	255 362	88 618	28 853	10 013	26 556	9 215
5	Groupe CARTE ⁽⁵⁾	198 094	68 745	10 212	3 544	18 674	6 481
6	ASTREE	187 233	64 976	11 970	4 154	21 056	7 307
7	Assurances BIAT	171 428	59 491	19 095	6 626	16 092	5 584
8	MAE	151 860	52 700	35	12	6 267	2 175
9	Groupe LLOYD ⁽⁶⁾	150 794	52 330	7 083	2 458	6 242	2 167
10	BH ASSURANCE	147 530	51 197	13 762	4 776	13 148	4 563
11	CTAMA	144 938	50 298	3 942	1 368	-4 129	-1 433
12	AMI	142 897	49 590	4 616	1 602	1 795	623
13	Attijari Assurance	133 090	46 186	16 042	5 567	11 270	3 911
14	Zitouna Takaful	81 250	28 196	3 012	1 045	5 571	1 933
15	El Amana Takaful	43 628	15 140	1 233	428	2 311	802
16	Attakafulia	34 787	12 072	211	73	1 959	680
17	Cotunace	13 967	4 847	2 143	744	4 208	1 460
18	Assurances UIB ⁽⁷⁾	-	-	-	-	-	-
Grand total		2 833 207	983 208	198 263	68 803	228 262	79 214

⁽¹⁾ Ranking by turnover
⁽²⁾ COMAR Assurances + Assurances Hayett
⁽³⁾ Assurances MAGHREBIA + MAGHREBIA Vie
⁽⁴⁾ GAT Assurances + GAT Vie
⁽⁵⁾ CARTE Assurances + CARTE Vie
⁽⁶⁾ LLOYD Assurances + LLOYD Vie
⁽⁷⁾ New company specialized in life insurance and capitalization that has not yet started its activities in 2021

Tunisian insurance groups and companies in 2021: share capital, shareholders' equity, number of employees and insurance agents

Figures in thousands

Ranking ⁽¹⁾	Groups and companies	Shareholders’ equity		Share capital		Number of employees	Number of insurance agents
Ranking ⁽¹⁾	Groups and companies	TND	USD	TND	USD	Number of employees	Number of insurance agents
1	STAR	358 587	124 440	23 077	8 008	560	170
2	Groupe COMAR ⁽²⁾	267 194	92 724	65 000	22 557	411	126
3	Groupe CARTE ⁽³⁾	181 725	63 065	40 000	13 882	209	47
4	Groupe Maghrebia ⁽⁴⁾	150 520	52 235	65 000	22 557	251	87
5	ASTREE	136 537	47 382	30 000	10 411	190	72
6	Groupe GAT ⁽⁵⁾	106 461	36 945	52 000	18 045	247	107
7	MAE	105 090	36 469	16 671	5 785	499	43
8	Groupe LLOYD ⁽⁶⁾	86 755	30 106	51 000	17 698	281	80
9	AMI	68 691	23 838	87 392	30 328	283	118
10	BH ASSURANCE	67 568	23 448	13 300	4 616	90	33
11	Assurances BIAT	52 164	18 103	22 000	7 635	185	12
12	Cotunace	49 310	17 112	26 500	9 196	61	-
13	Zitouna Takaful	35 599	12 354	25 000	8 676	124	50
14	Attijari Assurance	33 164	11 509	10 000	3 470	28	-
15	El Amana Takaful	16 251	5 640	14 102	4 894	72	52
16	Assurances UIB ⁽⁷⁾	14 616	5 072	15 000	5 206	-	-
17	Attakafulia	10 613	3 683	10 000	3 470	57	43
18	CTAMA	-30 096	-10 444	27 802	9 648	386	59
Grand total		1 710 749	593 681	593 844	206 082	3 934	1 099

⁽¹⁾ Ranking based on shareholders’ equity
⁽²⁾ COMAR Assurances + Assurances Hayett
⁽³⁾ Assurances MAGHREBIA + MAGHREBIA Vie
⁽⁴⁾ GAT Assurances + GAT Vie
⁽⁵⁾ CARTE Assurances + CARTE Vie
⁽⁶⁾ LLOYD Assurances + LLOYD Vie
⁽⁷⁾ New company specialized in life insurance and capitalization that has not yet started its activities in 2021

Exchage rate as at 31/12/2021 : TND = 0.34703 USD