Istanbul-headquartered state-controlled Turkiye Sigorta has posted net profits of TRY19.43bn ($448m) for 2025, a surge of 52.7% over 2024, according to the company's financial statements.
The jump in net profits was achieved on the back of a 45.1% increase in gross written premiums to TRY147.12bn in 2025 (2024: TRY101.37bn). Real GWP growth was around 11% in 2025. (Turkiye’s annual inflation rate stood at 30.89% in December 2025, down from 44.4% a year earlier.)
Maintaining its leadership with a 14% market share, the company’s portfolio structure is heavily weighted towards non-auto insurance branches. This structure contributed to a more balanced and sustainable growth trajectory.
Net written premiums amounted to TRY73.47bn in 2025, 52.5% higher than in the previous year (2024: TRY48.17bn).
Turkiye Sigorta achieved a technical profit of TRY22.6bn in 2025, an increase of 30.9% over TRY17.26bn in 2024. Turkiye Sigorta demonstrated its risk management and balanced portfolio structure with a 97% combined ratio.
Investment income approached record levels. Investment income posted for 2025 was TRY34.07bn, an increase of 44.9% in the previous year (2024: TRY23.52bn).
Strengthening its financial soundness, the company reported a 48% return on equity and a 215% capital adequacy ratio as of the end of December 2025.
Total assets jumped by 62.6% over the year to TRY156.98bn as of 31 December 2025 (2024: TRY96.53bn), while equity climbed by 79.7% to TRY51.60bn (2024: TRY28.72bn).
Turkiye Sigorta was formed in August 2020 through the merger of several state-owned insurers.