Competitive Advantage

Türkiye Sigorta delivered a strong and well-balanced growth performance across key lines of business in 2025. Non-life gross written premiums increased by 45.1% year-on-year to TRY 147.1 billion, reinforcing the Company’s sector leadership with a market share of 14.1%. In particular, the significant premium growth of 114.6% in the Health line, along with the sustained strong market share in non-motor lines such as Fire & Natural Disasters and Agriculture, were the key drivers reflecting the quality of this growth. These results in 2025 are considered a natural outcome of effective cost management, disciplined risk selection, above-sector growth in widespread bancassurance and broker channels, and a production strategy focused on operational efficiency.

Our net profit increased by more than 50% compared to the previous year, while our combined ratio remained below 100%, demonstrating our operational efficiency. In the first quarter, the combined ratio at around 97% and the high period profit, supported by the discount rate flexibility provided by the regulatory authority, normalized in the following quarters. We strengthened our position as a leading and trusted insurance company through our targeted profitability and prudent reserving policy actions. Our capital adequacy remains well above the legal dividend distribution thresholds (2025: 215%; 2024: 181%; 2023: 165%), supporting our strong balance sheet, sustainable profitability, and our ability to create value for stakeholders. In line with our dividend targets, we paid TRY 2 billion in dividends in August 2025 and, thanks to our track record in dividend distribution, we were included in the BIST Dividend-25 Index. We will continue to work with full dedication to sustain our achievements in the coming periods.

The Health segment delivered a strong growth performance in 2025, driven by new customer acquisition, an expanding contracted provider network, and increasing product penetration. Portfolio growth throughout the year, significantly above the sector average, further strengthened the strategic importance of this line for our Company. In line with our disciplined pricing and risk selection approach in the Health segment, the loss ratio including outstanding claims was maintained at 68%, supporting stronger technical profitability and alignment with our investment plans.

In the Motor segment, operations continued in a challenging market environment throughout 2025. Following the supply constraints observed across the sector in 2024, a more selective and balanced portfolio management approach was adopted in 2025 in line with our long-term sustainability objectives. With this strategy, which adapted to market dynamics in the second half of the year, the risk-return balance in the Motor segment was strengthened, and the pressure on the balance sheet was managed in a controlled manner. Leveraging the flexibility provided by our strong capital structure, our Company continued to take steps toward positioning itself as a sustainable insurance provider in the long term, while maintaining its mission to deliver uninterrupted and reliable service to customers.

Enhancements in our website and mobile application, along with the products and services offered through digital channels, led to significant progress in customer engagement and digital touchpoints. To increase operational efficiency and accelerate technological transformation, numerous digitalization and automation projects were implemented across the Company. The digital assistant Bilge, online claims notification and tracking, digital health assistant services, and the Pusula+ platform stand out as key applications supporting our end-to-end digital customer experience approach.

As Türkiye Sigorta, we aim to further strengthen our leadership position in the sector in 2026 through a healthy, balanced, and sustainable growth approach. Continuously improving customer experience, facilitating access to insurance products, and enhancing product diversity remain among our key priorities. Our balance sheet, supported by strong reinsurance capacity and a solid equity structure, will continue to play a critical role in maintaining sustainable profitability. In line with our strong portfolio structure, agile portfolio management approach, and transparency principles in governance, we will continue to create long-term value for all our stakeholders in 2026.