HomeNewsTunisia: ASTREE announces H1 profits of nearly 17 million dinars

Tunisia: ASTREE announces H1 profits of nearly 17 million dinars

ASTREE’s turnover reached 148.2 million dinars, At the end of the first half of the 2023 financial year, compared with 154.7 million for the same period in 2022, i.e. a decrease of 4.2%, mainly due to the decline in issues in the life sector.

At the end of June, the company’s reported claims totaled 46.2 million dinars, compared with 37.2 million dinars in the same period last year, up 24%. The company’s total claims ratio was 31.18%, compared to 24.04% at 30 June 2002, an increase of approximately 7 percentage points.

Gross investment income increased from 19.7 million dinars at the end of June 2022 to 27.3 million dinars at the end of the first six months of the current year, an increase of approximately 38%.

As a result, the company made a profit of 16.7 million dinars in the first half of the year, compared to 15.4 million dinars in the previous year, an increase of 8.8%.

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