The insurance company STAR Assurances has published its financial statements for the first half of 2023, showing a significant improvement in its indicators.
As of June 30, the company achieved a net profit before tax of 21.2 million dinars, compared to 14.7 million dinars a year earlier, representing an increase of 45%.
This performance is attributed to a combined improvement in premiums, control of claim costs, and a significant rise in financial income.
Earned premiums stood at 220.7 million dinars as of the end of June 2025, compared to 207.4 million a year earlier, recording growth of 6.4%.
At the same time, claim costs, including management fees, slightly decreased to 10 million dinars, compared to 162.0 million in the first half of 2024, a decrease of 1%.
On the technical side, net recovery provisions reached 1.031 million dinars, an increase of 47.9 million compared to the end of June 2024.
In terms of investments, the company consolidated its financial assets, which amounted to 1.108 million dinars, compared to 1.076 million a year earlier, an increase of 3%. Net investment income also appreciated by 16%, rising from 55.8 million dinars to 64.2 million.
Finally, STAR Assurances announced the implementation of a new integrated financial and management system (SAGE 1000), marking a step forward in the modernization of its management and steering tools.
With these results, the company confirms its financial strength and its ability to generate sustainable growth in a context marked by intense competition in Tunisia’s insurance sector.
