Anadolu Sigorta announced the financial results for 2018. Maintaining its robust growth performance during 2018, Anadolu Sigorta’s total premium production increased by 22 percent over the same period of previous year, and reached 5.7 billion TL.

Stating that their growth performance was above the market average, İlhami Koç, General Manager of Anadolu Sigorta, said: “In 2018, we managed to achieve our growth and profitability targets at the same time. Our market share increased from 11.76 percent to 11.94 percent. We have also reinforced our leadership position in fire and natural forces, motor, ships, marine commodity, general liability, and aviation lines.” Having increased the volume of its premium production up to 5.7 billionTL by a growth of 22 percent during 2018, Anadolu Sigorta raised its market share from 11.76 percent to 11.94 percent.

The company strengthened its leadership in fire and natural forces, motor, ships, marine commodity, general liability and aviation lines; and increased its net profit by 67 percent over the same period of previous year, up to 307.6 million TL. Its consolidated net profit also grew by 61 percent and reached 324.5 million TL. With these results, Anadolu Sigorta has made 19 percent of return on equity in its solo financial tables, and 25 percent in its consolidated financial tables.

İlhami Koç, General Manager of Anadolu Sigorta, reminded that they had two main targets, which were growth and profitability, and added: “Generally these two cannot be achieved at the same time; and therefore, while determining their strategies, companies tend to concentrate on one of these two variables. However, in 2018, we managed to reach our targets for both growth and profitability.” İlhami Koç also evaluated the general growth performance of insurance market and said: “Total premium production of our market increased by 20.2 percent and reached 47.7 billion TL in 2018. The market lost some speed but continued to grow despite the negative macro-economic circumstances of 2018, which is regarded as a positive indication for the future. Moreover, this growth was achieved in an environment where sales rates of automotive industry decreased.”

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