Page 29 - Turkinsurance Digital Magazine

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According to the consolidated balance sheet and income statements for the end
of June 2024, announced by the Turkey Insurance Association (TSB), the total

technical profit in the non-life branch reached 39 billion 130 million 398 TL,
in the life branch it reached 7 billion 608 thousand 461 TL, and in the pension
branch it amounted to 865 million 661 thousand TL. The total profitability of
the sector was seen as TL 47 billion 574 million 521 thousand

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

6.000 30,0%

5.000 4.771 24,3% 27% 25,0%
4.175 23%
4.000 20,0%
18,5%
3.000 15,0%
2.102 12,9%
2.000 10,0%

1.000 5,0%
281 23,487 39,130
0 0,80% 0,0%
2019 Q2 2020 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2
Non-life branch technical profit (million TL) Technical Profit/Loss ratio (%)