Turkiye Sigorta, the country's biggest non-life insurer, has decided to double its paid-in capital to TRY 20 billion (USD 446 million) through a 100% bonus issue, with funds to be transferred from retained earnings, Middle East Insurance Review wrote.

The company's board of directors made the decision on 13 March 2026, and an application for the capital increase was submitted to the Capital Markets Board on 14 April.

It is noted that the main shareholder of Turkiye Sigorta is TWF Finansal Yatirimlar, which owns 81.1% of the company's share capital. The remaining 18.9% of the company's shares are traded on Borsa Istanbul.

This capital increase is the latest in a series undertaken by Turkiye Sigorta. The insurer was established in its current form in September 2020 through the merger of three state-owned insurers with an initial capital of TRY 1.16 billion. In 2024, the paid-in capital was raised to TRY 5 billion, and in 2025, Turkiye Sigorta expanded its paid-in-capital to TRY 10 billion. It also increased its registered capital 10-fold to TRY 50 billion, the source said.