Page 21 - Turkinsurance Digital Magazine

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The insurance sector made losses

in non-life branches in the first

quarter of 2022

According to the consolidated balance sheet and income statements at the end

of March 2022, announced by the Turkish Insurance Association (TSB), the
sector made losses in the non-life branch. In addition to the non-life branch with
a loss of 423 million 96 thousand TL, a technical profit of 805 million 714
thousand 511 TL was reached in the life branch and 247 million 506 thousand

873 TL in the pension branch. The total profitability of the sector was seen as
630 million 125 thousand 116 TL.

It is observed that technical profitability in the first quar- Technical loss of 8.4 billion TL in 7 branches
ter fell significantly compared to the same period of the
previous year. The total technical profitability of non-life In the first quarter of 2022, there were a total loss of 8
branches turned from TL 2.8 billion in 2021 to a loss of TL billion 465 million 502 thousand 522 TL in 7 branches.
423 million in the first quarter of 2022. In the life branch, In the first quarter of 2021, a total of TL 293 million 789
it is seen that technical profit increased from 646 million thousand 599 was lost in 4 branches.
TL to 805 million TL. The technical profitability of the
pension branch decreased by 2.6 percent compared to the In the first quarter, the onshore vehicles branch made a
previous year and amounted to TL 247.5 million. loss of TL 1.2 billion with a technical profit ratio of -41.3

Technical profit and profit/loss ratios in non-life branches over
Technical profit and profit/loss ratios in non-life branches over
Yıllar itibarıyla hayat dışı branşlarda teknik kar ve kar/zarar
the years
the years
oranları
2.500 25,0%
2.500 2.500 2.008 25,0% 25,0%
1.947
2.008
1.947
2.000 1.947 2.008
2.000 2.000 19,9% 20,0% 20,0%
20,0%
19,9%
18,3%
18,3%
1.500 18,3%
1.500 1.500 14,1% 19,9% 15,0%
15,0%
14,1%
944
909
1.000 944 14,1% 909 15,0%
909
1.000 1.000 944 11,5% 10,0%
11,5%
11,5%
500 10,0% 10,0%
500 500
5,0%
0 -423 5,0% 5,0%
0 0
2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1
2021 Q1
2018 1.Ç
2019 1.Ç
2020 Q1
(500) 2018 Q1 2019 Q1 2020 1.Ç 2021 1.Ç 2022 1.ç 2022 Q1 0,0% 0,0%
0,0%
(500) (500) (423)
(423) -2,8%
-2,8% -2,8%
(1.000) -5,0%
(1.000) (1.000) -5,0% -5,0%
Non-life branch technical profit (million TL) Technical Profit/Loss ratio (%)
Hayat dışı branş teknik kar (milyon TL)
Technical Profit/Loss ratio (%)
Non-life branch technical profit (million TL) Teknik Kar/Zarar oranı (%)