Tunis Re closed the year 2023 with a notable improvement in its turnover and an achievement or even an exceeding of the annual forecasts relating to it.

The Consolidated Gross Written Premiums as of December 31, 2023 amounted to 222.533 M.TND.

Our strategy of selective and diversified development is once again relevant in these results, with the maintenance of a relationship based essentially on trust and continuous communication with our partners, our commercial efforts and the continuous improvement of our underwriting policy and conditions, as well as the conquest of new profitable business and our presence on a multitude of markets presenting important development opportunities.

Tunis Re’s investments, which include financial, monetary and real estate investments and deposits with cedants, totalled 510.872 M.TND at the end of the year, up 2% compared to the previous year.

In a demanding context, marked by a disturbed economic climate both at the international and national levels, Tunis Re continues to achieve very good performances.

Indeed, Tunis Re has well demonstrated its ability to absorb shocks and to perform even in a very tense macroeconomic and geopolitical environment, confirming once again its resilience and the pursuit of its mission.

Thus, the year 2023 was closed with a profit of 18.578 M.TND.

At the end of 2023, the company remains well capitalised with a solvency ratio of 151% and an improving profitability measured by the ROE ratio which showed a rate of 8.2%.

These good results testify to the important work done by Tunis Re’s teams, its good financial health, its capacity to generate value even in a difficult environment and its sustainable and profitable growth approach.