Türkiye Katılım Sigorta announced its financial results for 2023

Established in accordance with the principles of participation insurance, Türkiye Katılım Sigorta and Türkiye Katılım Hayat are insurance companies in the participation finance ecosystem established under the 100% capital ownership ofthe Turkey Wealth Fundwith the aim of expanding participation insurance in our country and spreading it to the grassroots.

Türkiye Katılım Sigorta and Türkiye Katılım Hayat, which prioritize sharing and ethical values in insurance, increased their equity and asset size in the first year of their establishment and announced a profit in their financial results at the end of 2023. In its first year, Türkiye Katılım Sigorta realized a total premium production of TL 974 million 563 thousand and announced a gross profit of TL 53.6 million. Türkiye Katılım Hayat, on the other hand, realized a premium production of 111 million 754 thousand TL in its first year and realized a gross profit of 11.7 million TL. The total premium production of the two companies amounted to TL 1 billion 86 million, with a total gross profit of TL 65.4 million .

In 2023, the insurance industry struggled with difficult conditions such as wars, earthquakes and economic contractions across the world. In 2023, the year of its establishment, Türkiye Katılım Sigorta announced a profit in its assessment of its financial results at the end of the year, despite these adverse conditions and all its establishment costs and investments. In its first year, the company launched its efforts to spread participation insurance to the grassroots with its experienced and dynamic team and to realize its goals. In 2024, the company continues to work steadily to secure the future withits expanding distribution network, different products and competent human resources.

Continuing to grow as a company in line with its 2024 targets, Türkiye Katılım Sigorta announced that it will increase its premium production in different branches and channels. The company, which works to make the most efficient use of investments in the participation ecosystem, stated that it will actively take part in the agency and broker sales channel, which are its business partners, in 2024 in order to accelerate the process of spreading participation insurance to the grassroots . Anticipating that it will be an important year especially for agents and brokers, the company is moving forward with the goal of making insurance accessible to agents and policyholders all over Turkey. With a boutique and communication-oriented agency strategy, Türkiye Katılım Sigorta continues to secure the future of both its agencies and participation insurance customers.