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Yaşar: ‘’Asset size of our company exceeds 2 billion TL, shareholders’ equity rises to

344 million TL’’

Ahmet Yaşar, General Man- Quick Sigorta performed over market averages. “As of the end
ager of Quick Sigorta, gave of June 2020, equity capital of non-life insurance market rose
a statement about the finan- to 21.8 billion TL, up by 16.5% compared to 2019. During the
cial results of 2020 first half; same term, asset size of the market nearly reached 86 billion 500
stating that as a company million TL. Therefore, balance sheet size of the market grew by
that constantly grew since 12% compared to the end of 2019. (77 billion 242 million TL
its foundation, Quick Sigorta as of 31.12.2019). Quick Sigorta, on the other hand, managed
went through a testing peri- to grow its asset size by nearly 35%,” he said. Ahmet Yaşar
od for the last 3 years. “Our said that return-on-equity of the market was 16.5%, but Quick
team has gone through a re- Sigorta outperformed the non-life insurance market as its re-
ally productive period during turn-on-equity reached 63%.
and against the extremely
important circumstances both “In terms of premium production, market production in the first
our country and our market half of 2019 stood at 27.1 billion TL, which grew by 15% and
has faced. reached 31.1 billion TL in the first half of 2020. On the oth-
er hand, Quick Sigorta achieved a premium growth of 41%. As
Our stable growth is main- a result, balance sheet size, shareholders’ equity and premium
tained thanks to our strate- production of our company grew over market averages as of
gy of issuing new products, swift decision-making and efficient 30.06.2020,” he added.
agent-society-company interaction during challenging times. As
our company’s asset size exceeds 2 billion TL today, our share- “Quick Sigorta non-life market share stands at 2.7%”
holder’s equity has reached 344 million TL.
Ahmet Yaşar stated that Quick Sigorta’s premium production
These results indicate that our intense working and planning pro- reached approximately 859 million TL during the first half of
cesses have yielded productive results. I would like to thank all 2020. “Premium production in the non-life market stands at
our colleagues and my Group (Maher Holding) that always sup- around 31 billion 200 million TL. This means that Quick Sig-
ports us,” he said. In his statement about the financials, Ahmet orta’s market share has reached 2.7%. Our investment income
Yaşar added as follows: “According to our financial tables dated increased to 156.3 million TL, compared to 139.8 million TL for
30.06.2020, Quick Sigorta’s shareholder’s equity increased by the total of 2019. We had announced a net profit of 116 million
63% compared to 2019, reaching 344.2 million TL. Our asset TL in 2019; and we have managed to exceed it by announcing
size exceeded 2 billion TL. Investments inside our assets stood a net profit of 134 million TL during the first six months of this
at approximately 1 billion 750 million TL. Cash and securities year,” he said.
reached 1 billion 568 million TL.” Ahmet Yaşar underlined that

Türkiye Sigorta issues its first policy for

Tuna-1 well

Energy and Natural Resources Minister Fatih Dönmez an-
nounced that the first insurance policy of the newly established
Türkiye Sigorta was created for the Tuna-1 well in the Sakarya
Gas Field, where Turkey made its biggest natural gas discovery
to date.

The Minister shared the following statements via his Twitter ac-
count:

“The first insurance policy of Türkiye Sigorta and Türkiye Hayat
ve Emeklilik was created for the Tuna-1 well in the Sakarya
Gas Field. Our discovery that changed the fate of Turkey is now
stronger in safe hands.”