1.1 billion TL premium production from Aksigorta during the first quarter

 
 

During the first quarter of the year, Aksigorta produced 1.1 billion TL in premiums with a 14 percent growth over the same period of previous year. Their net profit increased by 53 percent, up to 78 million TL; while their asset size reached 3.7 billion TL.  


According to the first quarter results, Aksigorta achieved an RoE of 40 percent, driven by robust operating profitability as well as high financial revenues. During the first three months, the market grew by 19 percent in the highly profitable non-auto segment; while Aksigorta reached a striking growth of 29 percent.


Size of financial assets under management by Aksigorta grew by 30 percent over the same period of last year, reaching 2 billion TL; and according to the first quarter results, their financial revenues increased up to 106 million TL by a growth of over 100 percent.
Improving their products and services with the “Utterly Different” insurance approach, Aksigorta has included innovation, analytics, artificial intelligence and new technologies in its investment fields this year.


 ‘We will keep growing profitably’


Stating that 2019 would be a year of movement for Aksigorta, General Manager Uğur Gülen underlined that they would push the boundaries of insurance market with their “Utterly Different” insurance perspective. Saying that they began this year very strongly, Uğur Gülen added: “We continue our operations with our simple, easy and accessible insurance vision in 2019. Innovation, analytics, artificial intelligence, and new technologies are among the priorities of our new term investments. We aim to get the best of artificial intelligence technologies, which constitute the focal point of our investments. Thanks to our people-oriented strategy, we aim to grow profitably by creating values for our shareholders, customers and employees.”

 

 
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