HomeNewsBH Assurance's H1 turnover exceeds 100 million dinars

BH Assurance’s H1 turnover exceeds 100 million dinars

The total turnover of BH ASSURANCE was 103.3 million dinars, at the end of the first half of 2024, compared with 91.2 million dinars at June 30, 2023, representing a growth of 13%.

Non-life insurance recorded a turnover of 60.1 million dinars, compared with 55.4 million dinars in June 2023, an increase of 8%, while life insurance recorded a turnover of 43.3 million dinars, compared with 35.8 million dinars in June 2023, up 21%.

Ceded premiums increased by 15%, mainly as a result of the increase in premium income.

Claims expenses totaled 79.1 million dinars compared to 47.9 million dinars at 30 June 2023, an increase of 65%.

This increase was due to two large fire claims, which were heavily reinsured, and expired life capitalization contracts.

In addition, investment income increased by 14% compared to the same period in 2023.

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