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Wednesday 16 June 2021
HomeNewsTunisia: Tunis Re announces net profit of over 6 MD in H1

Tunisia: Tunis Re announces net profit of over 6 MD in H1

The Tunisian Reinsurance Company, Tunis Re, has just published its interim financial statements as of June 30, 2019 showing a net profit of 6.1 million dinars, against 15.1 million a year earlier.

In the first half of the year, the company’s technical life expectancy stands at 1 million dinars against 1.1 million at the end of June 2018, while the non-life technical result stands at 515 thousand dinars compared with 9.1 million at the end of the first six months of 2018.

This sharp decline Result Technical non-life bears the mark of higher exchange losses from 0.4 million dinars at end June 2018 to 7,300,000 at June 30.

During the financial year 2018, the company applied for the first time the accounting standard TAS 43 on the presentation of financial statements of Takaful insurance companies and / or retakaful.

This application made it possible to distinguish between the result of ordinary reinsurance and that resulting from RE Takaful reinsurance.

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