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1 director bought
A director at Salim (Societe D`Assurance) bought 8,000 shares at 24.960TND and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
- Mahmoud Rebai
A steady growth .. But
At the end of 2016, SALIM experienced an improvement in its technical and non-technical activities. Net written premiums from Life activity reached TND11.787m, an increase of 35%. Similarly, Non Life activity posted a 21.5% increase in net written premiums to TND36.189m, mainly driven by the Automobile and Health insurance branches. The claims of the Tunisian insurer amounted to TND7.65m (-10.3% yoy) for the Life activity and TND30.75m (42% yoy) for the Non Life activity.
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Continuous improvement
The released figures for the third quarter of 2016 shows a continuous improvement of the insurer’s activity. Gross written premiums grew by 21% to reach TND54.6M (+26% in Q3-2015) with a retention rate of 65.78% slightly above last year’s figures of 64%. This increase was driven by both life (+33.11% to TND21.588M) and non-life (+14% to TND32.983M) activities. The Auto and Health segments remain the main contributors to the revenues generated by the non-life activity by 22.7% and 21.56% res...
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