Türkiye Sigorta and Türkiye Hayat Emeklilik Achieve Record Profitability in the First Quarter

Türkiye Sigorta and Türkiye Hayat Emeklilik maintained their strong growth in the first quarter, achieving a total net profit of TRY 11.7 billion.

In line with their strong financial structure and sustainable growth strategy, Türkiye Sigorta and Türkiye Hayat Emeklilik reached record profitability levels in the first quarter of the year. Türkiye Sigorta increased its net profit by 42 percent compared to the same period of the previous year, reaching TRY 6 billion 429 million in the first quarter of 2026, while Türkiye Hayat Emeklilik achieved a 52 percent increase, reaching a net profit of TRY 5 billion 325 million. As a result, the two companies recorded a total net profit of TRY 11 billion 755 million in the first quarter, marking a record level of profitability.

Türkiye Sigorta achieved a technical profit of TRY 6 billion 891 million, representing a 30 percent increase compared to the same period of the previous year, while Türkiye Hayat Emeklilik posted a technical profit of TRY 2 billion 827 million, up by 52 percent. Türkiye Sigorta’s return on equity stood at 48 percent, while Türkiye Hayat Emeklilik delivered a strong performance in this area with a rate of 63 percent.

“We have once again demonstrated our ability to manage growth in a balanced manner through competitive pricing”

Emphasizing that, in line with their vision of combating inflation and promoting accessible insurance, they did not implement price increases in individual motor own damage insurance (kasko) and health insurance in the first quarter of the year, and that they provided payment convenience to policyholders with a 12-installment option, Taha Çakmak stated: “While insurance inflation stood at 0.2 percent in March, monthly inflation in health insurance was recorded at -5 percent. In the transportation (motor own damage (kasko) and compulsory motor third-party liability) branch, a limited increase of 0.5 percent was observed. In the first quarter of the year, we achieved a premium production of TRY 5.7 billion in health insurance and TRY 5.3 billion in the motor own damage (kasko) branch, marking a 36 percent increase. In doing so, we once again demonstrated our ability to manage growth in a balanced manner through competitive pricing. In line with our vision of combating inflation and providing insurance for all, we recorded strong growth in the first quarter without implementing price increases in our individual motor own damage (kasko) and health insurance products.”

Taha Çakmak, General Manager of Türkiye Sigorta, stated that they have positioned making insurance accessible for everyone as a strategic priority, and emphasized that Türkiye Sigorta and Türkiye Hayat Emeklilik will continue their sustainable growth with determination through inclusive products and services. Highlighting that they have made insurance accessible to all through a vision focused on acquiring new customers and enhancing accessibility, Çakmak noted that they have also adopted a balanced approach in their pricing strategies, creating a customer-friendly structure with price increases that remain below inflation.

“We continue to strengthen our balance sheet structure”

Taha Çakmak stated in his evaluation of the first-quarter financial results that they continue to strengthen their balance sheets through sustainable growth and strong profitability performance, noting that they succeeded in maintaining the combined ratio of Türkiye Sigorta at 90.26 percent and that of Türkiye Hayat Emeklilik at around 62 percent in the first quarter.

Taha Çakmak continued his remarks as follows: “Türkiye Sigorta increased its total assets by 17.3 percent in the first quarter of this year compared to the end of 2025, reaching TRY 184 billion 146 million, while Türkiye Hayat Emeklilik raised its assets by 6.3 percent to TRY 584 billion 263 million. With a market capitalization of USD 3.3 billion, we take pride not only in being a strong publicly listed company but also in being the only insurance company included in the BIST 50. As Türkiye Sigorta, we will distribute a cash dividend of TRY 3 billion. At the same time, we are increasing our capital from TRY 10 billion to TRY 20 billion through  a 100 percent bonus capital increase. On the Türkiye Hayat Emeklilik side, we will also distribute a dividend of TRY 3 billion, while increasing the company’s capital from TRY 5 billion to TRY 10 billion. We are pleased to share these achievements, which we have attained through our strong balance sheet and sustainable growth strategy, with our stakeholders in a transparent manner, and we will continue to create value for our country’s economy, our shareholders, and all our stakeholders.”

“While reinforcing our leadership in Life and Pension, we are widening the gap with our closest competitor”

Taha Çakmak emphasized that Türkiye Hayat Emeklilik, which maintains its leadership in BES, achieved a premium production of TRY 10.6 billion in the life segment in the first quarter of 2026, marking a 54 percent increase compared to the same period of the previous year. He also noted that, including state contributions, the voluntary BES and automatic enrollment system (OKS) fund size reached TRY 525.1 billion, representing a 67 percent increase year-on-year, further strengthening their leadership in the sector. Highlighting that the markets followed a volatile course in March due to the impact of the war and that they managed their funds effectively, Çakmak stated: “While reinforcing our sector leadership, particularly in Life and Pension, we continue to widen the gap with our closest competitor by sustaining our real growth.”

Taha Çakmak emphasized that they will continue to carry out their operations with a focus on efficiency and profitability, stating: “I would like to thank all our colleagues who contributed to the successful results we achieved in the first quarter, as well as our stakeholders who have placed their trust in us.”