Türkiye Sigorta and Türkiye Hayat Emeklilik Achieve Over TL 8 Billion Net Profit in Q1 2025

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Türkiye Sigorta and Türkiye Hayat Emeklilik Achieve Over TL 8 Billion Net Profit in Q1 2025

In the first quarter of 2025, Türkiye Sigorta and Türkiye Hayat Emeklilik have continued their impressive financial trajectory, reporting a combined net profit exceeding TL 8 billion. These results underscore their sustainable growth strategy and robust profitability. Türkiye Sigorta reported a net profit of TL 4 billion 523 million, marking a 47% increase from the last quarter of 2024. Meanwhile, Türkiye Hayat Emeklilik achieved a net profit of TL 3 billion 508 million, reflecting a 39% rise over the same period.

Türkiye Sigorta’s gross premium production surged to over TL 41 billion 402 million, representing a 47% growth. In the life insurance sector, Türkiye Hayat Emeklilik produced premiums amounting to TL 6 billion 872 million, a significant 134% increase, while their fund size in PPS and OKS reached TL 314 billion 131 million, a 63% uplift.

Maintaining Strong Public Company Status

The company has not only emphasized growth but also reinforced its balance sheet with a sound reserve structure, keeping the compounding ratio at 99%. Taha Çakmak, General Manager of Türkiye Sigorta, highlighted the company’s strong market standing with a compounding ratio of 99% and a return on equity of 59%. He noted, “We uphold our status as a robust publicly traded entity with a market capitalization exceeding USD 2.5 billion.”

Emphasizing the company’s financial strength, Çakmak stated, “Our financial robustness continues to be a pillar of trust for our sector and the national economy. Türkiye Sigorta will distribute a TL 2 billion gross cash dividend and increase its capital from TL 5 billion to TL 10 billion via a 100% bonus issue. We are committed to enhancing value for our shareholders and stakeholders in alignment with our sustainable growth vision. At Türkiye Hayat Emeklilik, we plan to distribute TL 2.5 billion in dividends and raise our capital from 755 million TL to 5 billion TL.”

Focus on Accessible Insurance

Çakmak stressed the accessibility of insurance, particularly in motor and health sectors, as a primary focus. He remarked, “Beyond our strength in banking channels, we aim to boost our agency, broker, and direct sales channels. Our goal is to optimize risk management by expanding our reinsurance capacity and to bolster insurance penetration across the country. We remain committed to supporting national projects of strategic importance to propel our nation forward.”

Health Sector Leads Growth

In the first quarter of 2025, Türkiye Sigorta’s total gross premium production climbed to more than TL 41 billion 402 million, with a 47% increase from the previous year. The health insurance sector recorded the most substantial growth, with premium production surpassing TL 6 billion 603 million, a 149% increase. The agriculture and fire insurance branches maintained strong leadership with premium productions of TL 10 billion 653 million and TL 10 billion 259 million, showing 61% and 41% growth respectively.

Leadership in PPS and Life Insurance

Çakmak noted the rising interest in PPS, stating, “In the first quarter of 2025, we solidified our leadership with a fund size of TL 314.1 billion in Voluntary PPS and OCS, a 63% growth including the state contribution.”

Türkiye Hayat Emeklilik’s life insurance premium production rose by 134% year-on-year to TL 6 billion 872 million, with policy numbers reaching 3.3 million. Besides the robust growth in life insurance, Türkiye Hayat Emeklilik also enhanced its profitability, reporting a net profit of TL 3 billion 508 million in the first quarter of 2025, a 39% increase compared to the last quarter of 2024, with a return on equity reaching 79%.