For Tunis Re, the first half of the year was marked by a large number of claims, both in the Tunisian and foreign markets.
In contrast to the previous year, this year’s claims experience particularly affected facultative acceptances, where claims costs doubled to 28.5 million dinars, while conventional acceptances fell by 24%.
The largest claims on the Tunisian market concerned SNDP (4.1 million dinars) and various depots in Soliman (4 million dinars).
On the foreign market, the main claims were in the fire sector. There was also a major event, the flooding in Dubai, which seriously affected major infrastructures such as highways, shopping centers and even the international airport. Tunis Re’s share of this loss was approximately 27.6 million dinars.
Overall, the claims ratio at the end of the first half of 2024 showed a slight improvement, with claims costs of 81.6 million dinars, down 2.3% compared with 2023, and a gross S/P ratio of 64%, down 7 points from 71%.
As a result, the company made a net profit of 12.9 million dinars in the first half of the year, compared with 10.8 million dinars a year earlier, an increase of around 19.5%.
