Fitch Ratings confirms Tunis Re's rating

Fitch Ratings has confirmed the “AA (tun)” financial strength rating of Société Tunisienne de Réassurance (Tunis Re). The outlook remains stable.

The rating reflects the reinsurer's leading position in the local market, its strong solvency and its international presence.

According to Fitch, Tunis Re's underwriting performance is solid, with a combined ratio of 95.9% in 2024 achieved despite losses due to the Dubai floods. Return on equity (ROE) stood at 8.5% in 2024.