Tunis Re, a leading reinsurer in Africa and the MENA region, has reported total turnover of TND238.4m ($82.7m) for 2025 with the company describing its portfolio as stable compared to 2024.
In a statement, Tunis Re said that the performance “reflects disciplined commitment management and a selective adjustment of the underwriting portfolio”. In international markets, performance remained robust overall, “despite the impact of the depreciation of the US dollar observed in recent months”.
Turnover
Tunis Re also said that annual targets were largely achieved: 97% of the annual turnover targets were achieved, confirming the positive development momentum of Tunis Re and the relevance of the strategic choices made.
Significant improvement in technical performance
Claims expenses showed a marked improvement for the 2025 financial year, with the loss ratio reduced to 47%, compared to 59% in 2024. “This favourable trend results from rigorous risk management, a decrease in the severity of recorded claims, and downward revaluation of certain claims related to previous underwriting years,” said Tunis Re.
Growth in investment income
Investment income increased by 7.7%, rising from TND31.19m to TND33.59m. This performance reflects prudent and effective asset management. Amounts include accrued but not yet due interest for the 2024 and 2025 financial years, excluding interest on deposits held with cedants.
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Tunis Re 2024-2025 financial performance highlights (TND’000)
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Branch
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Turnover
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Incurred losses
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Investment income
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|
2025
|
2024
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Change
|
2025
|
2024
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Change
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2025
|
2024
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Change
|
|
Non-life
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206,653
|
205,529
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0.5%
|
75,817
|
139,142
|
-45.5%
|
32,515
|
30,232
|
7.6%
|
|
Life
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8,754
|
9,240
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-5.3%
|
2,721
|
3,328
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-18.3%
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Retakaful
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22,950
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26,500
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-13.4%
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10,739
|
12,210
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-12.1%
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1,072
|
958
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12.0%
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Total
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238,357
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241,269
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-1.2%
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89,277
|
154,681
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-42.3%
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33,587
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31,190
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7.7%
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Source: Tunis Re
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The statement made no mention of the company’s net results.