STAR: H1 2024 results

For the first half of 2024, Société Tunisienne d'Assurances et de Réassurances (STAR) posted a turnover of 207.378 million TND (65.8 million USD), up by 8.69% on the 190.796 million TND (61.6 million USD) recorded a year earlier.

Non-life premiums amounted to 181.475 million TND (57.6 million USD), compared with 25.903 million TND (8.2 million USD) for the life business.

At 14.729 million TND (4.7 million USD), the half-year net income was down by 12.5% from the 16.842 million TND (5.4 million USD) earned in the same period of 2023.

Incurred losses fell by 5.26% to 162.552 million TND (51.6 million USD).

During the reporting period, the investment income stood at 55.341 million TND (17.6 million USD), representing a 1.73% decline year-on-year. Technical reserves rose by 6.4% to 983.484 million TND (311.9 million USD).