According to Middle East Insurance Review, Turkiye Wealth Fund (TVF), owned by the government, has completed all stages of the strategic merger process of public insurance and pension companies.

TVF acquired the shares of Gunes Sigorta, Halk Sigorta, Ziraat Sigorta, Vakif Emeklilik ve Hayat, Halk Hayat ve Emeklilik and Ziraat Hayat ve Emeklilik from three public banks in 2020 and created a strong and integrated structure by combining these companies under Turkiye Sigorta and Turkiye Hayat Emeklilik, as reported the state-owned news organization Anadolu Agency citing the statement.

The financing for the acquisitions through Special Issue Government Domestic Debt Securities (DIBS) in the amount of TRY 6.4 billion was repaid ahead of time and restructured with private-sector bonds amounting to TRY 6.9 billion at the end of 2022. As of 10 June 2025, the repayment of the TRY 6.9 billion private-sector bonds was completed.

It is noted that Turkiye Sigorta continues to lead the sector with a 15.5% market share in premium production. And the current value of the 81% shares purchased by TVF for approximately USD 285 million has reached USD 1.7 billion, the statement said.