STAR: results for the first three quarters of 2024

Société Tunisienne d'Assurances et de Réassurances (STAR) reported a turnover of 329.799 million TND (108.3 million USD) at end-September 2024, up by 8.8% year-on-year.

Non-life premiums increased by 6.7% to 292.915 million TND (96.2 million USD). This progression was mainly attributable to higher premiums in the fire and miscellaneous risks (+19.6%), health (+14.7%) and transport (5%) classes of business. The motor business posted a slight 0.9% growth in written premiums.

Life underwriting stood at 36.884 million TND (12.1 million USD), showing an increase of 29%, driven by savings and term life insurance business.

Claims paid amounted to 204.913 million TND (67.3 million USD), rising by 5% compared with the same period of 2023. Financial income dropped by 5.2% over twelve months to 78.037 million TND (25.6 million USD).