The Compagnie Méditerranéenne d'Assurances et de Réassurances (COMAR) has recorded a turnover of 263.6 million TND (85.9 million USD) as at 31 December 2023. The premium volume has grown by 4.3% compared to the 252.8 million TND (80.5 million USD) posted at the end of 2022.
Non-life premiums stood at 256.3 million TND (83.5 million USD), against 7.3 million TND (2.4 million USD) for the life business.
The Tunisian insurer closed the 2023 financial year with a net result of 44.2 million TND (14.4 million USD), which represents a 45% increase from the 30.5 million TND (9.7 million USD) achieved in 2022.
Investment income rose by 72% to 96.2 million TND (31.3 million USD).
During the reporting period, the company's shareholders' equity amounted to 304.4 million TND (99.2 million USD). The share capital remained unchanged at 75 million TND (24.4 million USD).