TURKIYE: Net profit of the biggest non-life insurer Turkiye Sigorta rises by 53% in 2025

3 February 2026 — Marina MAGNAVAL
Istanbul-headquartered state-controlled Turkiye Sigorta has posted net profits of TRY 19.43 billion (USD 448 million) for 2025, which is 52.7% more y-o-y, according to the company's financial statements, Middle East Insurance Review wrote.

The jump in net profits was supported by a 45.1% increase in GWP to TRY 147.12 billion in 2025 (2024: TRY 101.37 billion). Real GWP growth was around 11% in 2025, as Turkiye’s annual inflation rate stood at 30.89% in December 2025, down from 44.4% a year earlier.

It is noted that maintaining its leadership with a 14% market share, the company’s portfolio structure is heavily weighted towards non-motor insurance branches. This structure contributed to a more balanced and sustainable growth trajectory.

Net written premiums amounted to TRY 73.47 billion in 2025, 52.5% higher than in the previous year (2024: TRY 48.17 billion).

Turkiye Sigorta achieved a technical profit of TRY 22.6 billion in 2025, which represents an increase of 30.9% from TRY 17.26 billion in 2024. Turkiye Sigorta demonstrated its risk management and balanced portfolio structure with a 97% combined ratio.

Investment income approached record levels. Investment income posted for 2025 was TRY 34.07 billion, an increase of 44.9% y-o-y (2024: TRY 23.52 billion).

Strengthening its financial soundness, the company reported a 48% return on equity and a 215% capital adequacy ratio as of the end of December 2025.

Total assets jumped by 62.6% over the year to TRY 156.98 billion as of 31 December 2025 (2024: TRY 96.53 billion), while equity climbed by 79.7% to TRY 51.60 billion (2024: TRY 28.72 billion), the source added.



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