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                              Technical profit and profit / loss ratios in years
                     Yıllar itibarıyla hayat branşında teknik kar ve kar/zarar oranları

        90                                                                                                  25,0%
                                                                                                  23,5%
        80                                                                     21,7%
        70                                                                                                  20,0%
                                                             17,7%
        60             16,5%              16,0%
                                                                                                            15,0%
        50

        40
                                                                                                            10,0%
        30
        20                                                                                                  5,0%

        10
                      24                 26                 45                 65                85
         0                                                                                                  0,0%
                  2015 Q1            2016 Q1            2017 Q1            2018 Q1            2019 Q1
                                       Technical profit (million USD)  Technical profit/loss ratio (%)


     ance with 5.4 million USD, marine goods on transit with 4.5 mil-  by  such  developments,  traffic  insurance  reported  an  increased
     lion USD, ships hull and machinery with 3.8 million USD, financial  technical loss for the first quarter of 2019. As of the first quar-
     losses with 2.2 million USD, general liability with 1.7 million USD,  ter  of  this  year,  technical  loss  in  traffic  insurance  reached  64
     credit with 989 thousand USD, bonds insurance with 659.3 thou-  million 154 thousand USD, compared to a much lower 14 million
     sand USD, aviation with 277.6 thousand USD, legal protection with  883 thousand USD during the same period of previous year. In
     24.7  thousand  USD,  marine  liability  with  17.1  thousand  USD,  2019Q1,  underwritten  premiums  of  traffic  insurance  exceeded
     and aviation liability with 11.7 thousand USD.           433.8 million USD, while losses stood at 329.7 million USD.
     Amount of claims payments increased by 21%               In motor casco, technical profit reached 55 million 184 thou-
     compared to 2018Q1                                       sand USD, as the underwritten premiums reached 359.3 million
                                                              USD and claims payments reached 242.9 million USD during the
                                                              first quarter of 2019. During the same period of 2018, technical
     Total amount of claims payments grew by 21 percent over the   profit in this insurance line had stood at 28 million 276 thousand
     same period of previous year. During 2018Q1, technical profita-  USD.
     bility of Turkish insurance market had stood at 163 million 961
     thousand USD for non-life segment and 66 million 341 thousand   For the first quarter of this year, technical profit of state-sup-
     USD for life segment. In parallel, the market had paid 761 mil-  ported  agricultural  insurance  was  reported  as  12  million  764
     lion 33 thousand USD to policyholders in non-life segment, and   thousand USD, and technical profit of engineering insurance was
     110 million 563 thousand USD in life segment.
                                                              reported  as  9  million  37  thousand  USD.  Premiums  written  in
                                                              agricultural  insurance  exceeded  40  million  USD.  The  amount
     64 million 154 bin USD loss in traffic                   was quite similar for engineering insurance with 43 million 884
                                                              thousand USD. As a comparison, in the first quarter of 2018,
     When the price cap system was initiated, insurance market play-  technical profit had been reported as 5 million 101 thousand for
     ers had underlined that losses would be felt much more severely  state-supported agricultural insurance and 7 million 302 thou-
     in the coming years. Economic fluctuations left a major mark on  sand USD in engineering insurance.
     2018; therefore, as an insurance line that is seriously impacted


                                                                                    Technical profit and loss in selected       insurance lines by quarters (USD)
                      ACCIDENT         LAND VEHICLES   GENERAL LOSSES  LAND VEHICLES LI-  MARINE GOODS ON   FIRA AND NATURAL   SICKNESS/HEALTH  LEGAL         FINANCIAL LOSSES  AVIATION      BOND INSURANCE   CREDIT      GENERAL LOSSES
                                                                       ABILITY          TRANSIT         FORCES                               PROTECTION                       LIABILITY
      2015 Q1         13.742.415       24.611.930      8.738.033       (116.294.659)    7.660.848       5.088.565            1.946.849       2.740.992        636.421         (234.418)       4.179.130        (620.747)   18.705.818
      2016 Q1         18.540.921       23.567.225      8.139.945       (54.171.330)     8.948.920       15.485.081           2.784.775       2.649.483        920.417         (168.797)       (20.136)         (4.644.380)  (5.792.023)
      2017 Q1         27.821.197       22.621.468      11.048.723      25.217.817       7.534.119       16.655.556           10.397.698      5.044.822        805.159         (59.082)        (615.893)        (289.387)   (18.259.811)
      2018 Q1         38.265.550       28.092.077      16.983.704      (811.506)        10.656.304      36.831.650           12.711.378      8.128.370        3.007.193       171.724         1.496.089        225.440     5.555.842
      2019 Q1         49.798.707       55.184.150      31.225.878      (64.154.085)     14.090.296      24.938.441           28.133.644      8.029.209        3.506.834       459.948         54.998           (2.380.320)  6.286.317
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