ASTREE stock: Revenue reaches TND 229.6 million
Published on 11/09/2026 at 00:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInsurance growth meets claims pressure
- Life, motor, group health and corporate insurance supported ASTREE's business in the first nine months.
- Flood-related losses pushed the claims ratio higher, while reinsurance limited the impact on the company.
- Investment income also increased through September, providing additional support for the period.
ASTREE reported revenue of 229.6 million Tunisian dinars for the first nine months of 2026, up 5.1 percent from a year earlier. The figures were published on October 23 by African Manager, citing the insurer's third-quarter business indicators.
Premiums rise across key lines
Third-quarter premiums issued rose to 53.8 million TND from 49.9 million TND in the same period of 2025. Growth was driven by life, motor, group health and corporate insurance, with fire and technical risks making a notable contribution.
Transport insurance moved in the opposite direction, falling by about 21.5 percent after ASTREE lost a major oil-risk insurance contract. The mix of stronger retail and corporate lines with weaker transport business remains important for investors assessing the durability of premium growth.
Flood losses lift claims burden
Claims reported and outstanding reached 106 million TND at the end of September, compared with 101 million TND a year earlier. The claims ratio increased to 37.09 percent from 31.91 percent, partly because floods in Tunisia early in 2026 generated exceptional motor and corporate losses.
ASTREE said claims experience remained stable excluding those exceptional events. Reinsurance helped absorb part of the pressure: ceded premiums reached 46.3 million TND, while reinsurance commissions declined to 21.2 million TND.
Investment income adds support
Investment income rose to 49 million TND through September. That improvement offers some offset to the higher claims burden, although the operating performance remains sensitive to catastrophe losses, contract renewals and the composition of the insurance portfolio.
ASTREE's business and competitors
ASTREE is a Tunisia-based insurer serving life and non-life customers, including motor, health, transport, corporate, fire and technical-risk clients. Its business combines recurring premium income with investment income and reinsurance protection. The company operates alongside Tunisian insurance groups such as STAR, GAT Assurances and Assurances Maghrebia, with ASTREE positioned as a diversified insurer rather than a specialist limited to one coverage line.
ASTREE at a glance
- Company: Compagnie d'Assurances et de Reassurances ASTREE
- ISIN: TN0003000452
- Market: Tunis Stock Exchange
- Reporting period: First nine months of 2026
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