LLOYD LIFE insurance company continues to lose money

The Tunisian insurance company LLOYD VIE has published its financial statements as of December 31, 2021 as they will be submitted for the approval of the Ordinary General Meeting to be held tomorrow Wednesday, April 27, 2022.

The monoline company continues to lose money. Indeed, the net result for the 2021 financial year once again shows a deficit of around 228 thousand dinars after a net loss of 183 thousand dinars in 2020. The company, created in 2013, thus accumulates 1.9 million dinars of losses at the end of the past year.

The company’s turnover (net of cancellations and refunds for the financial year) amounted to 6.3 million dinars in 2021, recording a growth of 26% compared to the previous year.

Life earned premiums amounted to 6.4 million dinars. As for the cost of claims for the 2021 financial year, it amounts to 2 million dinars, against 159 thousand dinars in 2020.

Total net receivables amounted to 6.7 million dinars at the end of December 2021, against 4.4 million a year earlier, i.e. a growth of 190%, including 5.5 million dinars of receivables arising from reinsurance.

The company underlined that the final steps with the regulator for the concretization of the transfer operation of the life portfolio from LLOYD ASSURANCES to LLOYD Vie have been finalized and that the final agreement has been received by LLOYD ASSURANCES on February 16, 2022. , with an effective date of 1er January 2022.

Download the financial statements as of December 31, 2021

Omar El Oudi

Posted on 26/04/22 11:34

Leave a Comment