Türkiye Sigorta A.S. (IST: TURSG)

Türkiye Sigorta A.S. Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	115.66	4,234	2,324	1,401	1,139	707.23
Other Investments	15,034	11,332	3,289	883.06	37.43	275.85
Total Investments	37,052	26,399	11,037	3,626	1,360	1,124
Cash & Equivalents	14,674	27,522	7,790	5,589	5,546	4,534
Reinsurance Recoverable	1,711	1,624	584.7	311.53	94.34	80.59
Other Receivables	18,658	9,712	3,961	3,081	2,264	1,255
Property, Plant & Equipment	1,217	1,228	608.49	352.9	229.76	250.11
Other Intangible Assets	90.86	66.25	38.66	27.63	17.88	16.74
Restricted Cash	6,902	4,025	1,244	514.41	989.28	861.28
Other Current Assets	6,790	5,383	1,958	841.04	541.39	494.09
Long-Term Deferred Tax Assets	96.83	331.07	300.84	37.98	24.76	87.28
Other Long-Term Assets	5.88	5.86	6.05	6.01	5.23	1.61
Total Assets	87,198	76,297	27,529	14,387	11,073	8,705
Accounts Payable	69.46	231.27	83.43	29.47	24.53	86.22
Accrued Expenses	763.12	1,284	624.82	273.56	197.27	133.68
Insurance & Annuity Liabilities	2,268	2,196	1,486	367.99	260.42	171.48
Unpaid Claims	17,400	12,592	5,899	3,737	3,176	2,797
Unearned Premiums	25,505	22,546	8,416	3,256	2,227	2,133
Reinsurance Payable	12,827	3,973	2,975	2,187	1,575	597.87
Current Portion of Leases	26.62	29.79	11.62	0.16	4.4	11.23
Short-Term Debt	-	-	-	-	-	0.56
Current Income Taxes Payable	1,114	280.81	55.45	128.45	16.65	56.99
Long-Term Leases	15.83	26.63	17.47	13.22	5.79	4.13
Long-Term Deferred Tax Liabilities	-	-	-	-	-	20.36
Other Current Liabilities	6,990	18,539	2,000	65.63	75.74	174.82
Other Long-Term Liabilities	61.45	56.62	36.78	26.81	10.71	7.26
Total Liabilities	67,187	61,902	21,778	10,131	7,605	6,220
Common Stock	1,162	1,162	1,162	1,162	1,162	939
Additional Paid-In Capital	671.1	671.1	7.02	7.02	7.02	7.02
Retained Earnings	13,723	8,138	2,105	1,671	1,077	698.26
Comprensive Income & Other	4,455	4,424	2,477	1,417	1,223	839.97
Shareholders' Equity	20,010	14,395	5,751	4,256	3,468	2,484
Total Liabilities & Equity	87,198	76,297	27,529	14,387	11,073	8,705
Filing Date Shares Outstanding	5,000	5,000	5,000	5,000	5,000	2,325
Total Common Shares Outstanding	5,000	5,000	5,000	5,000	5,000	2,325
Total Debt	42.45	56.42	29.09	13.38	10.2	15.92
Net Cash (Debt)	14,632	27,466	7,761	5,576	5,536	4,518
Net Cash Growth	136.13%	253.91%	39.18%	0.72%	22.53%	382.80%
Net Cash Per Share	2.93	5.49	1.55	1.12	1.11	0.90
Book Value Per Share	4.00	2.88	1.15	0.85	0.69	1.07
Tangible Book Value	19,919	14,329	5,712	4,229	3,450	2,468
Tangible Book Value Per Share	3.98	2.87	1.14	0.85	0.69	1.06
Buildings	980	980	475	285	171.3	208.54
Machinery	198.14	183.75	121.88	78.25	61.41	48.73

Source: S&P Capital IQ. Insurance template. Financial Sources.