Page 17 - Turkinsurance Digital Magazine

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According to the consolidated balance sheet and income statement data
released by the Association of Insurance and Reinsurance Companies
of Turkey (TSB) as of June 2023, the total underwriting profit in the

non-life branch reached 23,487,166,000 TL, in the life branch, it was
3,930,089,000 TL, and in the pension branch, it reached 536,527,000 TL.
The total profitability of the sector was seen as TL 27 billion 953 million
783 thousand

Technical profit and profit/loss ratios in non-life branches over the years

6.000 30,0%
27%
5.000 4.771 24,3% 25,0%
4.175
4.000 20,0%
18,5%
3.000 12,7% 12,9% 15,0%
2.102
2.000 1.752 10,0%

1.000 5,0%
281 23,487
0 0,80% 0,0%
2018 Q2 2019 Q2 2020 Q2 2021 Q2 2022 Q2 2023 Q2
Technical profit in non-life branches (in million TL) Technical Profit/Loss ratio (%)