ASTREE Assurances increases its turnover by 28% in 2022

The ASTREE insurance and reinsurance company achieved, during the year 2022, a growth in overall production (premiums issued) of 27.9% against an increase of 6.4% in 2021, to rise at 238.3 million dinars.

This performance, explains the company, is conveyed by a set of branches including in particular the Life branch (+100%), Automobile (+10%), Health and Fire & Multi-risk (+5%).

The company notes that this development is of an exceptional nature which is explained by the completion of a major life-capitalization contract of 36 million dinars. Excluding this contract, the increase in the Company’s overall production would be 8.7%.

The Company’s overall loss ratio stood at 43.7% at the end of December 2022, compared to 57.4% at the end of December 2021, an improvement of 13.7 points. Excluding the aforementioned contract in Life-funding, the loss experience would be 51.4%, an improvement of approximately 6 points compared to the 2021 financial year (S/P: 57.42%).

In addition, the year 2022 was marked by an increase in investment income, of around 470 thousand dinars, coming in particular from income from the securities portfolio, to amount to 42.5 million dinars.

Download the activity indicators as of December 31, 2022

OEO

Posted on 01/20/23 11:03

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