Continuing its strong growth in Turkey, MetLife Emeklilik ve Hayat proved that it is one of the locomotive operations in the EMEA Region with its robust performance. The company grew over the market averages in life and personal accident lines, according to third quarter results. The results announced by MetLife Emeklilik ve Hayat indicate that the company grew over market averages. Life insurance segment of Turkish insurance market grew by 49 percent over the same period of previous year, whereas MetLife Emeklilik ve Hayat grew by 76 percent with a performance exceeding the market averages and reached a premium production volume of 413 million TL. The company has performed similarly in the personal accident insurance line; reaching a premium production of 137 million TL with 52 percent growth; more than double the 21 percent of average growth for the insurance market. This performance has lifted the company to the leadership position from the 2nd rank, according to market results including non-life companies as well.
29 percent of increase in BES fund size with 188 thousand participants
MetLife keeps making significant breakthroughs to obtain a sustainable competitive edge in all insurance lines. The company’s fund volume in Individual Pension System (BES) reached
73 million TL as of September 2017, increasing total BES fund volume including state-subsidy funds up to 1.5 billion TL with a growth of 29 percent over the same period of last year. This was also a growth which exceeds market averages and carried the company to 188 thousand participants. Within the scope of Auto-Enrollment System initiated at the beginning of 2017, the company provided services for more than 500 companies and gained 65 thousand employees as participants for the Individual Pension System.

MetLife Türkiye Genel Müdürü Deniz Yurtseven, General Manager of Metlife, underlined his pleasure in MetLife Emeklilik ve Hayat’s third quarter performance, and added, “In Turkey, MetLife continues to preserve its achievements from around the world with its 150 years of history. Third quarter results prove that we create a difference in the market by combining technology with our innovative products and services developed especially to address the needs of our customers. We continue to increase our contribution to Turkish economy, by maintaining our stable growth as a result of the environment of trust it has reached.”