Fitch Ratings confirms Tunis Re's rating

Fitch Ratings has confirmed the "AA (tun)" financial strength rating of Société Tunisienne de Réassurance (Tunis Re). The outlook remains stable.

This decision is based on several factors, including the company's leading position in the local market, its strong solvency, its international presence and its profitability.

In 2023, Tunis Re posted a combined ratio of 92.7%, despite the impact of the February 2023 earthquake in Turkey. Return on equity (ROE) stood at 7.7%.