Türkiye Sigorta and Türkiye Hayat Emeklilik, which are pioneers in the insurance and life pension sector, achieved an impressive financial performance in the first half of 2024 and achieved a total net profit of 11.2 billion TL.
Success of Türkiye Insurance
Türkiye Sigorta increased its technical profit by 106% compared to the previous year in the first half of the year, reaching 7 billion 988 million TL. Equity profitability was 72%. In addition, Türkiye Sigorta increased its equity capital to 21 billion TL with a 36% growth.
Performance of Türkiye Life Retirement
Türkiye Hayat Emeklilik increased its technical profit by 20% in the first half of the year to 2 billion 143 million TL. Equity profitability was at 75%. Hayat Emeklilik also increased its equity capital by 22% to 13 billion 722 million TL.
Evaluations from Türkiye Insurance and Türkiye Life Retirement Managers
Türkiye Sigorta General Manager Taha Çakmak, demonstrating the institution’s strong performance with a net profit announcement, said, “As Türkiye Sigorta, we have added a new one to our financial successes in the first 6 months of 2024 with our mission to provide the best service to our customers.” Çakmak expressed his gratitude to all stakeholders who contributed to their success.
Türkiye Sigorta General Manager Taha Çakmak also stated that the company successfully continues its sustainable profitability and effective growth strategies, saying, “We trust our country, support strategic assets and thus continue to grow in both corporate and individual insurance areas.”
