OPINION OF COMPANIES
INDICATORS QUARTERLY ACTIVITY
SOCIETY : ASTREE insurance and reinsurance company
Headquarters: 45, Avenue Kheireddine Pacha – 1002 Tunis
The Insurance and reinsurance company ASTREE publishes its indicators below of activity relating to 1er trimester.
Indicators:
(in TND)
1st quarter of the accounting year 2022
1st quarter of the accounting year 2021
from 01/01/2021 to 31/12/2021
1/ Premiums issued No Life:
91 853 349
68 266 259
186 345 214
64 162 292
62,103,385
143,494,770
Automotive
27,537,570
25,648,254
68 162 239
Fire & Comprehensive Transport
11,575,800
10,879,015
17,874,893
2,133,936
4,521,851
11,109,865
Other branches
22,914,986
21,054,265
46,347,774
Life :
2/ Ceded premiums No Life:
27,691,057 17,838,548
6,162,874 19,643,605
42,850,444 40,975,276
17,681,742
19,536,235
40 296 240
Automotive
1,440,749
1,276,475
3,612,045
Fire & Comprehensive Transport
9,786,837
8,678,833
14,835,344
1,287,759
3,766,454
8,059,386
Other branches
5,166,397
5,814,473
13,789,465
Life :
3/ Fees
4/ Claims expenses declared in progress No Life:
156,806 7,891,529 15,771,565
107,370 6,650,655 12,748,935
679,036 19,539,516,111,319,992
13,973,924
11,968,278
97 987 162
Automotive
7,501,837
7,018,215
51,094,915
Fire & Comprehensive Transport
1,764,610
584 585
11,791,302
5,239
32,657
1,139,029
Other branches
4,702,238
4,332,821
33,961,915
Life (**) :
5/ Income from investments of which financial income
1,797,640 9,605,029 9,277,417
780 657 8,956,522 8,727,687
13,332,830 42,062,305 40,127,728
Comments: Concerning the indicators relating to 31/12/2021: The indicators (Premiums issued, expenses of claims declared in progress, commissions and financial income), do not appear through the financial statements 31/12 in an individualized manner. They are taken from the Company’s management statements (production statements
and claims) and available accounting statements (balance).
(**) Including accrued capital.
COMMENTS: 1/ Bases used for the development of quarterly indicators at 31
MARCH 2022: The indicators are established by reference to the principles and accounting conventions provided for by law n°96-112 of 30-12-1996 approving the conceptual framework of accounting,
and accounting principles provided for by the sectoral standards for insurance companies
and/or reinsurance (NCT n° 26 to 31).
The most significant accounting principles: • Recognition of investment income: Investment income includes income from real estate investments, financial income from securities and other investments (loans, deposits and others). They are valued by category of investment, in accordance with the principles provided for by the accounting standard relating to investments ininsurance and/or reinsurance companies (NC
T no. 31). 2/Presentation of the salient facts that marked the activity of the Compagnie du 1 er
January to March 31, 2022:
2-1/ Production:Exceptional growth in the Company’s overall production of 34.55%, driven by a set of branches including in particular the Life, Automobile, Group Health, Fire & Multi-risk and Special Risks branches. The Transport branch recorded a decline in its activity linked to the departure of‘a major case in Petroleum Risks falling within the scope of appeals for‘
public offers (about 3MD). It should be noted that this change is of an exceptional nature. following the conclusion of a contractimportant in Life-Capitalization insurance, having generated a volume of premiums of approximately 21MD at the end of the reference period. Excluding this contract, the increase in production would be‘
about 4%.
2-2/ Claims: Claims of the Company was established at the end
March 2022 to 15.50% compared to 17.62% in the same period in 2021, an improvement of 2.11 points.
2-3/ Investments: An increase in investment income as of March 31, 2022 of about
0.648 MD, coming in particular from income from our securities portfolio.
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