PRIMARY FINANCIAL INDICATORS 


FINANCIAL INDICATORS (TL) 2018 2019
 Total Assets 2.610.459.368  3.663.242.360 
 Total Liabilities 1.808.175.008  2.373.101.283 
 Paid-in Capital 270.000.000  540.000.000 
 Shareholder’s Equity 802.284.360  1.290.141.077 
 Premium Production 1.907.406.583  2.265.587.673 
 Gross Claims Paid -1.091.341.380  -1.117.927.737 
 Operational Expenses -254.995.410  -317.809.629 
 Investment Income 361.695.776  344.613.556 
 Investment Expenses -325.504.667  -286.381.203 
 Profit on investment 36.191.109  58.232.353 
 Technical Profit 25.719.071  152.791.526 
 Net Profit 10.871.374  123.559.154 
 Required Equity for the Company 450.822.657  556.123.188 
 Required Equity for Capital Adequacy 824.933.495  1.318.213.081 
 Capital Adequacy Result 374.110.838  762.089.893 

 

FINANCIAL ANALYSIS RATIOS

CAPITAL ADEQUACY RADIOS 2018 (%) 2019 (%)
 Capital Adequacy Ratio 183 237
 Written Premiums / Shareholder’s Equity 238 176
 Shareholder’s Equity / Total Assets 31 35
 Shareholder’s Equity / Technical Provisions (Net) 59 75

 

RATIOS REGARDING ASSET QUALITY & LIQUIDITY 2018 (%) 2019 (%)
 Quick Ratio 62 79
 Liquidity Ratio 93 109
 Current Ratio 101 118
 Receivables from Premium and Reinsurance / Total Assets 20 19
 Receivables from Agencies / Shareholder’s Equity 30 40

 

OPERATIONAL RATIOS 2018 (%) 2019 (%)
 Retention Ratio 53 56
 Claims Paid / (Claims Paid + Outstanding Claims) 40 37

 

PROFITABILITY RATIOS 2018 (%) 2019 (%)
 Net Loss Ratio 88 78
 Net Commission Ratio 11 12
 Net Expense Ratio 17 17
 Net Compound Ratio 116 107
 Asset Profitability 0,4 3,4
 Equity Profitability 1,4 9,6