Star’s profits are decreasing

The insurance company Star, leader of the Tunisian market, published its 2011 results. Net written premiums sustained a slight decrease, totaling 205.7 million TND (137.6 million USD), a 3.29% decline in comparison with 2010. Net profit has also gone down from 17.789 million TND (12.4 million USD) in 2010 to 16.082 million TND (10.7 million USD) in 2011, while shareholder’s equity rose by 7% at 207.563 million TND (138.851 million USD). The coverage rate of the technical liabilities amounted to 140.1% in 2011.