Page 30 - Turkinsurance Digital Magazine

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

(million TL)
21,3%

18,9%
7.608

23,0% 19,4% 18,7% 14,90% 3.930
955 1.370 1.311 1.746
2019 Q2 2020 Q2 2021 Q2 2022 Q2 2023 Q2 2024 Q2
Life branch technical profit (million TL) Technical Profit/Loss ratio (%)

Technical loss is 17.1 billion TL in 5 branches curred a loss of 10.1 billion TL with a profit/loss ratio of -21.9%.
In the motor vehicles liability branch, the profit/loss ratio was
-13.5%, resulting in a loss of 7 billion TL. The aviation branch
In the first half of 2023, there was a total technical loss of 10.7 experienced a -12.3% profit/loss ratio, leading to a loss of 7.8
billion TL in the six branches. In the first six months of 2024, the million TL. The rail vehicles branch incurred a loss of 3,921 TL,
total technical loss in all five branches was seen as 17.1 billion TL. while the credit branch had a -1.5% profit/loss ratio, resulting in
In the first half of the year, the motor vehicle insurance branch in- a loss of 5.3 million TL.

Amounts of technical profit and In the first half, 101.4 billion TL in claims were
loss in the pension branch over the paid
years (million TL)
In the first half of 2021, the insurance sector paid 13.857 billion
TL in net claims in the non-life branch, and 2.075 billion TL in
2024 Q2 835,6 net claims in the life branch. In the first half of 2022, this figure
was 127.115 million TL. In the first half of 2023, the claims paid
2023 Q2 536,5 amounted to 48.019 million TL. In the first half of 2024, this fig-
ure reached 101.4 billion TL.
2022 Q2 467
The written premiums that had a significant impact on technical in-
2021 Q2 461 come in the first half of 2024 amounted to a total of 225.3 billion

2020 Q2 338 TL in the non-life branch and 40.7 billion TL in the life branch.
Looking at the claims paid by branch, in the accident branch, 195.6
2019 Q2 256 million TL was paid, in the disease-health branch, 29.5 billion TL,
in the land vehicles branch, 23.6 billion TL, in the aviation branch,

Technical profit and loss amounts arising in selected branches as of the periods (TL)

ACCIDENT LAND VEHICLES GENERAL LAND VEHICLES TRANSPORTATION FIRE AND DISEASE-HEALTH LEGAL FINANCIAL AIR VEHICLES SECURITY CREDIT GENERAL
DAMAGES RESPONSIBILITY NATURAL PROTECTION LOSSE RESPONSIBILITY LIABILITY
DISASTERS
2018 Q2 442.820.755 230.124.184 168.514.821 66.091.981 143.669.038 361.249.700 210.725.543 88.831.226 36.341.538 -1.398.701 8.595.131 -11.083.592 2.293.215
2019 Q2 575.855.817 864.309.614 338.737.002 -739.206.279 182.228.335 354.610.541 441.548.031 91.658.967 41.620.682 4.834.683 5.050.872 -9.050.459 -56.314.894
2020 Q2 645.250.473 1.600.568.823 276.508.525 882.668.028 156.682.376 441.849.687 871.271.790 70.995.579 48.425.295 -901.509 15.115.962 4.226.110 -244.820.146
2021 Q2 657.571.643 1.157.763.141 572.172.114 -290.970.678 239.695.484 669.601.621 1.138.640.715 109.988.141 14.023.919 9.240.235 19.905.483 19.590.103 -164.542.839
2022 Q2 917.374.256 502.965.055 639.985.480 -5.461.350.727 504.015.003 942.809.905 994.753.473 173.721.697 6.912.219 13.315.911 32.554.503 23.657.353 737.253.467
2023 Q2 2.123.258.060 15.334.916.315 2.246.792.955 -4.903.620.604 626.902.554 1.009.709.311 4.998.881.860 465.105.702 179.642.491 -1.626.190 168.651.397 88.896.494 713.246.288
2024 Q2 4.760.760.543 14.891.473.840 4.826.599.209 -7.009.094.168 1.552.424.011 8.792.250.673 7.293.470.683 1.030.698.263 271.530.300 64.169.387 158.734.001 -5.386.654 964.772.482