Tunisian Insurance and Reinsurance Company (STAR) Announces Strong Financial Performance for the First Half of 2025
The Tunisian Insurance and Reinsurance Company (STAR) has announced a robust financial performance for the first half of 2025, closing the period with a net profit of 21.317 million dinars (MD). This result marks a significant improvement compared to the 14.729 MD recorded on June 30, 2024, testifying to the solidity of its operations.
Key Financial Highlights
- The company's total assets have experienced notable growth, increasing by 5.4% to reach 1,654.265 MD as of June 30, 2025, compared to 1,564.821 MD at the end of June 2024.
- The company's profitability was driven by growth in insurance activities, with acquired premiums reaching 220.674 MD as of June 30, 2025, representing a 6.41% increase compared to the 207.378 MD recorded during the same period in 2024.
- Claims expenses (including management fees) decreased slightly by 1%, from 162.552 MD to 161.036 MD as of June 30, 2025, contributing to this positive performance.
Strengthened Balance Sheet Structure
- Net investments reached 1,108.318 MD as of June 30, 2025, compared to 1,076.583 MD at the end of June 2024, representing a 2.95% increase.
- Net technical provisions for recourse, which reflect the company's commitments to its insured parties, increased by 47.947 MD to reach 1,031.431 MD as of June 30, 2025, compared to 983.484 MD at the end of June 2024.
Successful Financial Management
- Net investment income totaled 64.220 MD as of June 30, 2025, representing a 16% increase compared to the 55.341 MD recorded on June 30, 2024.
- The company's cash position at the end of the period showed significant improvement, reaching 65.109 MD as of June 30, 2025, compared to 28.180 MD on December 31, 2024, representing a positive variation of 36.928 MD. This increase is primarily attributable to positive cash flows from operating activities, which reached 74.245 MD in the first half of 2025, compared to 64.672 MD in June 2024.
