MILLI REASURANS ANNUAL REPORT 2018
INFORMATION ON CONSOLIDATED SUBSIDIARIES Anadolu Anonim Türk Sigorta Şirketi Writing Non-Life insurance and reinsurance business, Anadolu Sigorta was founded on 1925 at the initiative of Mustafa Kemal Atatürk and under the leadership of İşbank, Turkey’s first national bank. Pioneering its sector ever since it was founded, Anadolu Sigorta is committed to offering only high-quality products and services and to ensuring their sustainability with its experienced staff, solid financial and high-tech infrastructure, dynamic approach towards continuous development and improvement, and extensive network of expert agents. 48% of Anadolu Sigorta’s shares are quoted on Borsa İstanbul (BİST) National Market under the symbol “ANSGR”. 57.31% of the Company’s share is held by Millî Reasürans T.A.Ş. Headquartered in İstanbul, Anadolu Sigorta brings its products to its customers via regional offices in İstanbul (2), Ankara, Adana, Antalya, Bursa, Samsun, Trabzon, and İzmir, a branch in the Turkish Republic of Northern Cyprus, and about 2,319 agencies. Anadolu Sigorta uses bank branches within the bancassurance network as fundamental element of its service delivery in Turkey. Together with all İşbank branches, Türkiye Sınai Kalkınma Bankası, Arap Türk Bankası, Alternatifbank, Albaraka Türk Katılım Bankası and Finansbank branches are serving as Anadolu Sigorta agencies. In 2018, Anadolu Sigorta expanded its total premium production by 22% year-on-year on basis to TL 5.7 billion and controls an 11.94% share of the overall market among Non-Life companies. Anadolu Sigorta registered its highest premium production in 2018 in Land Vehicles Liability with TL 1,551 million, followed by Land Vehicles with TL 1,090 million, Fire and Natural Disasters with 1,035 million and Sickness/Health with TL 771 million. According to the unconsolidated financial statements, Anadolu Sigorta’s total assets reached TL 7.9 billion at the end of 2018 increasing by 12.4% while shareholders’ equity was TL 1.6 billion. Anadolu Sigorta with the net profit for the year of TL 307.6 million with an increase of 67% compared to the previous year, successfully achieved its sustainable profit target in 2018 as well. Millî Reasürans Annual Report 2018 158
Made with FlippingBook
RkJQdWJsaXNoZXIy MTc5NjU0