Turkey Sigorta has announced impressive financial results for 2024, solidifying its position as industry leader with a market share of 14%. The company achieved a record premium production of 101 billion TL, a remarkable increase of 70% from 60 billion TL in 2023. Net profit also surged, reaching 13 billion TL—an increase of 107% compared to the previous year’s 6 billion TL.
Key performance highlights for 2024 include:
– A significant 18% real growth in total premium production.
– Sustainable profitability through robust insurance and investment operations.
– A capital adequacy ratio of 181%, exceeding requirements for dividend distribution, compared to 165% in 2023.
– A substantial dividend payment of 1 billion TL made in September 2024.
– Inclusion in major indexes such as BIST Dividend-25, FTSE EM Large Cap, and MSCI.
Looking ahead, Turkey Sigorta has outlined its strategic priorities for 2025, focusing on maintaining healthy and balanced growth, enhancing customer experience through digital transformation, expanding product diversity, preserving strong reinsurance capacity, and continuing its commitment to transparent governance.
