Magazine date:
Jan 2024 Turkey: turnover of the top 30 non-life insurance companies
Figures in thousands
| Non-life companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
|---|---|---|---|---|---|---|
| TRY | USD | TRY | USD | |||
| Türkiye Sigorta | 25 173 423 | 1 344 513 | 11 749 647 | 1 025 039 | 114.25% | 10.70% |
| Anadolu Anonim Türk Sigorta Şirketi | 23 755 830 | 1 268 799 | 10 735 252 | 936 543 | 121.29% | 10.10% |
| Allianz Sigorta | 22 307 673 | 1 191 453 | 9 854 148 | 859 676 | 126.38% | 9.49% |
| HDI Sigorta | 13 823 561 | 738 316 | 4 808 378 | 419 483 | 187.49% | 5.88% |
| Aksigorta | 13 563 437 | 724 423 | 6 987 621 | 609 600 | 94.11% | 5.77% |
| Axa Sigorta | 13 298 824 | 710 290 | 5 923 589 | 516 774 | 124.51% | 5.65% |
| Sompo Sigorta | 10 085 237 | 538 652 | 3 455 290 | 301 440 | 191.88% | 4.29% |
| Quick Sigorta | 6 791 216 | 362 719 | 1 585 962 | 138 359 | 328.21% | 2.89% |
| Ray Sigorta | 6 148 770 | 328 406 | 2 220 372 | 193 705 | 176.93% | 2.61% |
| Mapfre Sigorta | 6 012 185 | 321 111 | 3 207 448 | 279 818 | 87.44% | 2.56% |
| Neova Katılım Sigorta | 5 693 771 | 304 104 | 2 648 373 | 231 044 | 114.99% | 2.42% |
| Bupa Acıbadem Sigorta | 5 326 026 | 284 463 | 2 232 176 | 194 735 | 138.60% | 2.26% |
| Bereket Sigorta | 4 868 782 | 260 042 | 2 080 840 | 181 533 | 133.98% | 2.07% |
| Eureko Sigorta | 4 839 367 | 258 471 | 2 565 437 | 223 809 | 88.64% | 2.06% |
| Doğa Sigorta | 4 726 127 | 252 422 | 2 143 340 | 186 985 | 120.50% | 2.01% |
| Groupama Sigorta | 4 192 024 | 223 896 | 1 768 423 | 154 277 | 137.05% | 1.78% |
| Ankara Anonim Türk Sigorta Şirketi | 3 227 635 | 172 388 | 975 616 | 85 113 | 230.83% | 1.37% |
| Unico Sigorta | 3 001 747 | 160 323 | 1 263 271 | 110 208 | 137.62% | 1.28% |
| Ethica Sigorta | 2 816 194 | 150 413 | 1 654 451 | 144 334 | 70.22% | 1.20% |
| Zurich Sigorta | 2 427 415 | 129 648 | 1 099 964 | 95 961 | 120.68% | 1.03% |
| Corpus Sigorta | 2 405 141 | 128 459 | 492 936 | 43 004 | 387.92% | 1.02% |
| Gulf Sigorta | 2 160 834 | 115 410 | 912 707 | 79 625 | 136.75% | 0.92% |
| Türk Nippon Sigorta | 1 858 908 | 99 284 | 1 035 600 | 90 346 | 79.50% | 0.79% |
| Chubb European Group SE Head Office France. Türkiye / İstanbul Branch | 1 659 527 | 88 635 | 865 635 | 75 518 | 91.71% | 0.71% |
| Hepiyi Sigorta | 1 386 141 | 74 034 | - | - | - | 0.59% |
| Koru Sigorta | 1 241 624 | 66 315 | 710 845 | 62 014 | 74.67% | 0.53% |
| BNP Paribas Cardif Sigorta | 1 151 905 | 61 523 | 484 439 | 42 262 | 137.78% | 0.49% |
| Şeker Sigorta | 804 303 | 42 958 | 468 273 | 40 852 | 71.76% | 0.34% |
| Magdeburger Sigorta | 777 658 | 41 535 | 387 783 | 33 830 | 100.54% | 0.33% |
| Türk P&I Sigorta | 724 558 | 38 699 | 285 113 | 24 873 | 154.13% | 0.31% |
| Top 30 total | 196 249 843 | 10 481 704 | 84 602 929 | 7 380 760 | 131.97% | 83.45% |
| Rest of the market (2) | 8 056 838 | 430 316 | 2 961 016 | 258 319 | 172.10% | 3.43% |
| Non-life total | 204 306 681 | 10 912 020 | 87 563 945 | 7 639 079 | 133.32% | 86.88% |
(1) Growth rate in local currency
(2) 16 companies
Turkey: turnover of the top 10 life insurance companies
Figures in thousands
| Life companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
|---|---|---|---|---|---|---|
| TRY | USD | TRY | USD | |||
| Türkiye Hayat ve Emeklilik | 6 878 442 | 367 378 | 3 948 446 | 344 463 | 74.21% | 2.93% |
| AgeSA Emeklilik ve Hayat | 3 716 909 | 198 520 | 2 020 099 | 176 233 | 84% | 1.58% |
| Anadolu Hayat Emeklilik | 3 522 071 | 188 114 | 1 969 830 | 171 848 | 78.80% | 1.50% |
| Viennalife Emeklilik ve Hayat (Ex. Aegon Emeklilik ve Hayat) | 3 485 018 | 186 135 | 1 632 996 | 142 463 | 113.41% | 1.48% |
| Allianz Yaşam ve Emeklilik | 3 029 240 | 161 792 | 1 871 473 | 163 267 | 61.86% | 1.29% |
| Garanti Emeklilik ve Hayat | 2 589 219 | 138 290 | 1 456 675 | 127 080 | 77.75% | 1.10% |
| Metlife Emeklilik ve Hayat | 2 513 353 | 134 238 | 1 791 682 | 156 306 | 40.28% | 1.07% |
| Cigna Finans Emeklilik ve Hayat | 2 354 110 | 125 733 | 1 105 277 | 96 424 | 112.99% | 1.00% |
| Fiba Emeklilik ve Hayat | 1 110 529 | 59 313 | 606 657 | 52 925 | 83.06% | 0.47% |
| BNP Paribas Cardif Emeklilik | 754 573 | 40 302 | 315 139 | 27 493 | 139.44% | 0.32% |
| Top 10 total | 29 953 464 | 1 599 815 | 16 718 274 | 1 458 502 | 79.17% | 12.74% |
| Rest of the market (2) | 904 835 | 48 327 | 619 292 | 54 027 | 46.11% | 0.38% |
| Life total (3) | 30 858 299 | 1 648 142 | 17 337 566 | 1 512 529 | 77.99% | 13.12% |
(1) Growth rate in local currency
(2) 8 companies
(3) Including pension funds
Source: Insurance Association of Türkiye, Annual report 2022
Read also | Turkish insurance market [4]
