Milli Re

Milli ReDATE OF CREATION: 1929, Turkey
CLASS OF BUSINESS: Life and non life
MAIN UNDERWRITING ZONES: Middle East and Asia
REGIONAL STRUCTURE: Singapore

Milli Re : contact

Adress : Harbiye Mahallesi, Maçka Caddesi No: 35 ,34367 Şişli Istanbul, Turkey
Tel : +90 212 231 47 30
Fax:+90 212 230 86 08
Email : millire [at] millire [dot] com / info [at] millire [dot] com
Site web : www.millire.com

Milli Re : rating

AgencyRatingOutlook
A.M.BestCNegative
Standard & Poor'sBBB- (tr)-

Milli Re : main indicators

In thousands USD
 201920202021
Turnover278 781246 775216 582
Shareholder's equity358 949357 720261 757
Net result52 52147 26047 892

Milli Re : turnover 2021 by class of business

In thousands USD
 PremiumsIn %
Fire & natural disasters125 56457.97%
General damages51 49923.78%
Marine and aviation18 1458.38%
Motor8 8294.08%
General liability6 7953.14%
Accident4 0811.88%
Other risks (1)1 6550.76%
Total non life216 56899.99%
Life140.01%
Grand total216 582100%

(1) Including health, credit, financial losses and legal protection

Milli Re : capital and shareholding

ShareholdersIn %Milli Re
İşbank87.60%
Groupama Hayat A.Ş5.88%
Ankara Natural Electricity Generation and Trade Co. Inc.3.37%
Ziraat Bank2.49%
Autres0.66%

Milli Re : technical ratios

 20202021
Net loss ratio86%108%
Net management expenses ratio31%28%
Net combined ratio117%136%

Milli Re : management

Ebru ÖZŞUCAChairman of the board
Fikret Utku ÖzdemirDirector and general manager
Fatma Özlem CivanAssistant general manager, technical
Vehbi Kaan AcunAssistant general manager, treaty underwriting
Şule SoyluAssistant general manager, finance and administration
Şebnem Kurhan ÜnlüAssistant general manager, risk management and IT

Exchange rate as at 31/12/2019: 1 TRY = 0.16806 USD ; as at 31/12/2020: 1 TRY = 0.13557 USD ; 31/12/2021: 1 TRY = 0.08724 USD

Source : Milli Re

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