Comments on Tunis Re’s activity as at June 30, 2026

Notes:

The figures are updated progressively as late data are processed across all categories (claims paid, reported claims, ceded premiums, commissions). The indicators relating to the 2025 financial year have been audited and approved by the Ordinary General Meeting.

Key Highlights of the Activity During the First Half of 2026:

At the end of the first half of 2026, Tunis Re confirms the strength of its operational and financial trajectory, driven by a selective underwriting policy, rigorous risk management, and continuously improving financial performance. These achievements reinforce the Company’s confidence in pursuing its annual objectives.

• – Controlled Growth in Turnover

As at June 30, 2026, Tunis Re’s turnover reached TND 126 million, representing a 2.2% increase compared with June 30, 2025.

This performance was achieved in a challenging environment marked by complex factors, including the depreciation of the US dollar and geopolitical tensions. It reflects a strategy aimed at balancing growth and portfolio quality through controlled exposures and targeted adjustments to underwriting conditions.

The achievement rate compared with the objectives set for the 2026 financial year stands at 48%.

• – Significant Improvement in Claims Experience

Net claims incurred amounted to TND 30 million at the end of the first half of 2026, compared with TND 36 million during the same period in 2025, representing a 16% decrease.

This improvement reflects stricter risk selection and the absence of major loss events during the period. Consequently, the loss ratio improved, decreasing from 35% in June 2025 to 33% in June 2026.

• – Strong Growth in Investment Income

Investment income generated as at June 30, 2026 amounted to TND 17.028 million, representing an increase of 6.1% compared with the same period of the previous financial year. These revenues include accrued and not yet due interest for both 2025 and 2026. They do not include interest on deposits held with ceding companies.