BNA Assurances Publishes 2024 Financial Statements
BNA Assurances (formerly AMI Assurances) has published its financial statements as of December 31, 2024, which will be submitted for approval at the Ordinary General Meeting scheduled for May 23, 2025.
2024 Financial Highlights
For the 2024 exercise, the company recorded a turnover of 174.1 million dinars, compared to 167.7 million dinars in 2023, representing a 3.8% increase. This growth is primarily due to:
- A 2.8-point increase, from 13% share in 2023 to 15.8% in 2024, in the Life Insurance segment.
- A 3.4-point decrease, from 79.2% in 2023 to 75.8% in 2024, in the Auto Insurance segment.
- A slight 0.4-point increase, from 4% in 2023 to 4.4% in 2024, in the Group segment.
Claims and Expenses
The claims paid out, including management fees, amounted to 102.5 million dinars, compared to 102.6 million dinars in 2023, indicating overall stability. This is explained by a decrease of approximately 2.5 million dinars in Auto Insurance claims, offset by an increase of 2.7 million dinars in Life Insurance claims.
Investments and Income
Net investments stood at 497.4 million dinars as of 2024, compared to 476 million dinars the previous year, marking a 4.5% increase. The income generated from these investments amounts to 28.6 million dinars, up from 25.9 million dinars in 2023, representing a 10.4% increase.
Profit
As a result, the company has almost doubled its profits in 2024, reaching 16.3 million dinars, compared to 8.5 million dinars in 2023.
