BH Assurance reported overall business growth of 13.22%, with premium income of 103.3 million dinars, in the first half of the current year, compared to 91.2 million dinars in the previous year.
Non-life premiums increased by 8% to 60.1 million dinars, while life premiums increased by 21% to 43.2 million dinars.
The cost of benefits rose from 47.3 million dinars to 79 million dinars, an increase of 66.7% compared to 2023.
This increase is mainly due to two large fire claims, which are heavily reinsured, with a total cost of 19.6 million dinars (including a 1 million dinars charge directly to the result).
There was also a significant reduction in net income, which fell from 5 million dinars at the end of June 2023 to 3 million dinars at June 30, 2024, a decrease of approximately 39.6%.
At the end of June, technical commitments amounted to 361.2 million dinars, compared to 292.6 million dinars at the end of June 2023, an increase of 23.4%.
In addition, financial income increased from 13.3 million dinars at the end of June 2023 to 15.1 million dinars at June 30, 2024.
