Milli Re
DATE 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
Agency | Rating | Outlook |
A.M.Best | C | Negative |
Standard & Poor's | BBB- (tr) | - |
Milli Re : main indicators
In thousands USD2019 | 2020 | 2021 | |
Turnover | 278 781 | 246 775 | 216 582 |
Shareholder's equity | 358 949 | 357 720 | 261 757 |
Net result | 52 521 | 47 260 | 47 892 |
Milli Re : turnover 2021 by class of business
In thousands USDPremiums | In % | |
Fire & natural disasters | 125 564 | 57.97% |
General damages | 51 499 | 23.78% |
Marine and aviation | 18 145 | 8.38% |
Motor | 8 829 | 4.08% |
General liability | 6 795 | 3.14% |
Accident | 4 081 | 1.88% |
Other risks (1) | 1 655 | 0.76% |
Total non life | 216 568 | 99.99% |
Life | 14 | 0.01% |
Grand total | 216 582 | 100% |
(1) Including health, credit, financial losses and legal protection
Milli Re : capital and shareholding
Shareholders | In % | |
İşbank | 87.60% | |
Groupama Hayat A.Ş | 5.88% | |
Ankara Natural Electricity Generation and Trade Co. Inc. | 3.37% | |
Ziraat Bank | 2.49% | |
Autres | 0.66% |
Milli Re : technical ratios
2020 | 2021 | |
Net loss ratio | 86% | 108% |
Net management expenses ratio | 31% | 28% |
Net combined ratio | 117% | 136% |
Milli Re : management
Ebru ÖZŞUCA | Chairman of the board |
Fikret Utku Özdemir | Director and general manager |
Fatma Özlem Civan | Assistant general manager, technical |
Vehbi Kaan Acun | Assistant general manager, treaty underwriting |
Şule Soylu | Assistant general manager, finance and administration |
Şebnem Kurhan Ünlü | Assistant 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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