Le Groupe GAT Assurances combines strong performance and profitability in 2021

By Moez HADIDANE

At the end of the 2021 financial year, the GAT Assurances group improved its net share of the group by 55.7% to 25.4 million dinars. As for the parent company, it increased its profit by 51.7% to 23.6 million dinars and distributed a dividend of 4,720 dinars per share as of June 15, 2022, compared to 2,050 dinars for the 2020 fiscal year.

GAT Vie also improved its net profit by 34.6% and raised dividends to 20 dinars per share.

GAT ASSURANCES company

GAT Assurances closed the 2021 financial year with a turnover of 218.4 million dinars, thus improving its revenues by 29.8 million dinars (+ 15.8%) compared to those recorded in 2020. evolution is attributable to the increase in Non-Life premiums of 29.3% (+ 15.8%) to 215.2 million dinars and incidentally to the modest increase in Life premiums of 0.5 million dinars (+ 18.5%) at 3.2 million dinars.

At the same time, claims increased by 24.3 million dinars (+ 21.8%) to 135.7 million dinars, of which 133.1 million dinars were affected by the Non-Vie subsidiary. As a result, the subscription balance is estimated at 4.6% to 76.2 million dinars.

Faced with the technical dynamics observed in the business, the company controlled its acquisition and management expenses, which increased by 0.7 million dinars (+ 1.8%) to 40.7 million dinars. dinars, when other net tax techniques of other technical products widen by 1.7 million dinars (+ 21.5%) to a level of 9.5 million.

Corollary, the insurance balance results in a small improvement of 3.8% to 26 million dinars, compared to 25 million in 2020. Combined with a reinsurance balance of -16.1 million dinars, (against -17.6 million in 2020), the result of technical activities climbs from 2.5 million dinars (+ 33.1%) to 9.9 million, compared to 7.4 million in 2020.

The company’s investment management activity generated a global financier of 22.6 million dinars in 2021, compared to 16.8 million euros in 20, a rise of 34.2%.

At the end, taking into account an SI charge of 8.5 million dinars (compared to 5.7 million in 2020), and expenses of 1.2 million dinars for profit-sharing and rebates, the net result In 2021, the company shipped at 23.6 million dinars compared to 15.6 million in 2020, a growth of 51.7%.

The company’s earnings per share will increase from 3,460 dinars in 2020 to 5,250 dinars in 2021. The Ordinary General Meeting, held on May 9, 2022, approved the distribution from June 15 of a dividend per share of 4,720 dinars against 2,050 dinars distributed in the previous year and 1,600 dinars two and rather.

GAT VIE

In 2021, GAT VIE saw its sales fall by 42.2% to 36.9 million dinars from 63.9 million in 2020. 3% relaying an exceptional 2020 financial year marked by a surge in the technical result of 96%.

The latter has risen from 3.2 million dinars in 2019 to 6.3 million in 2020 and before returning to 3.8 million in 2021. 3 million dinars. The net result is thus a positive change of 34.6% to 2.9 million dinars, compared to 2.2 million a year earlier.

GAT VIE’s earnings per share rose from 31 dinars in 2020 to 41,700 dinars in 2021. The Ordinary General Meeting held on May 9, 2022 decided to distribute a dividend of 20 dinars per share against 16 dinars a year later.

Consolidated result of the group

Finally, the GAT Assurances group shows at the consolidated accounts level a net part of the group of 25.4 million dinars, registered as a result of the action of 9.1 million (+ 55.7%), compared to the year 2020. RNPG du group GAT realized in 2021 is mainly insured by GAT Assurances (23.7 million dinars) and GAT Vie (2.5 million dinars)

GAT Group

The GAT Assurances group is composed of 5 companies, intervening in the fields of insurance, real estate and portfolio management. The companies that make up the group and their individual net income in 2021 are as follows:

  • GAT ASSURANCES (+23.6 million dinars)
  • GAT VIE (+2.9 million dinars)
  • GAT INVESTMENT (+1 million dinars)
  • GAT REAL ESTATE (+330 mile dinars)
  • GAT PROMOTION IMMOBILIERE (+367 miles dinars).

Finally, on 13 February 2020, the Conseil du Marché Financier (CMF) decided to approve GAT Investissement, initially of SICAF status, as a Portfolio Management Company on behalf of of levels.

Published on 07/06/22 14:28

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