Turkiye Sigorta, which is the biggest non-life insurer in the country, has said that its market leadership is not marginal.
In a statement on its financial results for the financial year ended 31 December 2025, the company said, “We have a TRY32bn ($735m) premium gap to the second biggest player, providing a structural competitive advantage.”
Turkiye Sigorta increased its net profits by 53% year on year to TRY19.4bn in 2025 on premium income of TRY147.1bn, which is 45% higher than in 2024.
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Turkiye Sigorta’s 2025 topline performance by key branches
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Segment
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GWP (TRY bn)
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YoY Growth
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Combined Ratio
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Market Position
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General Losses (incl. Agriculture)
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43.1
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+55%
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95%
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#1
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Fire & Natural Disasters
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34.1
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+34%
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47%
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#1
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Health
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20.2
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+115%
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113%
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#3
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Motor TPL
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17.2
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+17%
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143%
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#8
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Motor Own Damage
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16.5
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+44%
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89%
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#2
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Total
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147.1
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+45%*
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97%
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#1
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* Real growth in GWP: 11%
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Commenting on the performance of the various branches of insurance, Turkiye Sigorta said:
General Losses (including Agriculture): Despite once-in-a-decade frost events in April 2025 thathled the General Losses Combined Ratio to be 95%, the diversified portfolio absorbed the shock. Proactive farmer education and risk awareness initiatives help ESG integration into business processes.
Fire & Natural Disasters: Capacity significantly expanded, positioning Türkiye Sigorta with the highest fire capacity in the market. Two new strategic focus areas were identified: Turkish interests abroad (Balkans, Europe, Africa, Central Asia) and electronic device insurance (targeting mid-size retailers).
Health Insurance: This was the fastest-growing segment in the entire non-life sector. Turkiye Sigorta achieved its strategic target of reaching third position in health insurance within three years, ahead of schedule. Individual products demonstrated loss ratios below 100%, validating the strategy. Cross-selling penetration proved critical to growth, while hospital network optimisation across Bronze, Platinum, and Diamond tiers enabled competitive pricing without margin sacrifice.
Motor TPL: The combined ratio improved to 143% from 174%, with a TRY3.4bn reduction in losses year-over-year. The company’s eighth position in this segment while leading overall market demonstrates disciplined capital allocation.
Motor Own Damage: The company secured second position in both premium production and policy count.
Turkiye Sigorta‘s General Manager Taha Cakmak stated, “We achieved record profitability not through temporary gains, but through technical performance in our core insurance operations – the truest measure of an insurer's capability."
He added, “Our 2026 strategic focus is clear: making insurance accessible to all segments of society while sustaining profitable growth. We combine strong commitment to agile investment management capabilities with dedication to promoting value generation that drives sustainable profitability.”