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Tunisia: GAT VIE reports net profit of over 4 million dinars in 2023

Assurances GAT VIE has published its financial statements for the year ended December 31, 2023, which will be submitted to the Annual General Meeting for approval on June 14, 2024.

These accounts show a net profit of 4.4 million dinars compared to 4.2 million dinars in 2022, an increase of approximately 5%.

Net written premiums for 2023 amount to 58.7 million dinars compared to 53.9 million dinars in the previous year, an increase of 9%.

In 2023, GAT VIE recorded claims expenses net of reinsurance of 17.7 million dinars compared to 26 million dinars in the previous year, representing 30% of revenues compared to 49% in the previous year.

Operating expenses totaled 3.6 million dinars in 2023 compared to 2.7 million dinars in 2022, an increase of 31%. These costs represent 6.2% of revenues.

The year 2023 will show a technical profit of 5.2 million dinars, compared to a technical profit of 4.1 million dinars in 2022.

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