A comfortable situation
The company’s FY2016 figures show a 15% increase in net written premiums to TND65.8m with a retention rate of 60.5% (vs. 56.9 % yoy). This improvement was mainly driven by the Non Life activity (+12.7%) up to TND52.8m. Life and Re-takaful activities also rose to TND6.2m (+21.7%) and TND6.7m (+29%), respectively. Net claims went up by 10.2% to TND31.3m. Moreover, investment income (including Re-takaful) continued its upward trend (+30%) to reach TND17m in 2016.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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