Tunis Re closed the year 2022 with a notable improvement in its turnover and an achievement or even an exceeding of the annual forecasts relating to it.

The Consolidated Gross Written Premiums as of December 31, 2022 amounted to 195.339 MTD, up by 20% compared to 163.185 MTD of the year 2021 and with a 106% achievement rate of the annual objectives of 2022.

Our strategy of selective and diversified development is once again relevant in these results, with the maintenance of a relationship based essentially on trust and continuous communication with our partners, our commercial efforts and the continuous improvement of our underwriting policy and conditions, as well as the conquest of new profitable business and our presence on a multitude of markets presenting important development opportunities.

Tunis Re’s investments, which include financial, monetary and real estate investments and deposits with cedants, totalled 502.886 MTD at the end of the year, up 11% compared to the previous year.

In a demanding context, marked by a disturbed economic climate both at the international and national levels, Tunis Re continues to achieve very good performances.

Indeed, Tunis Re has well demonstrated its ability to absorb shocks and to perform even in a very tense macroeconomic and geopolitical environment, confirming once again its resilience and the pursuit of its mission.

Thus, the year 2022 was closed with a profit of 19.858 MTD, up 19% compared to 16.724 MTD in 2021.

At the end of 2022, the company remains well capitalised with a solvency ratio of 172% and an improving profitability measured by the ROE ratio which showed a rate of 9.2% against 8.1% one year back.

These good results testify to the important work done by Tunis Re’s teams, its good financial health, its capacity to generate value even in a difficult environment and its sustainable and profitable growth approach.