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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	226.25	4,234	2,324	1,401	1,139	707.23
Other Investments	17,220	11,332	3,289	883.06	37.43	275.85
Total Investments	35,564	26,399	11,037	3,626	1,360	1,124
Cash & Equivalents	16,123	27,522	7,790	5,589	5,546	4,534
Reinsurance Recoverable	1,469	1,624	584.7	311.53	94.34	80.59
Other Receivables	17,656	9,712	3,961	3,081	2,264	1,255
Property, Plant & Equipment	1,221	1,228	608.49	352.9	229.76	250.11
Other Intangible Assets	113.14	66.25	38.66	27.63	17.88	16.74
Restricted Cash	8,402	4,025	1,244	514.41	989.28	861.28
Other Current Assets	7,064	5,383	1,958	841.04	541.39	494.09
Long-Term Deferred Tax Assets	202.11	331.07	300.84	37.98	24.76	87.28
Other Long-Term Assets	5.6	5.86	6.05	6.01	5.23	1.61
Total Assets	87,818	76,297	27,529	14,387	11,073	8,705
Accounts Payable	239.37	231.27	83.43	29.47	24.53	86.22
Accrued Expenses	1,565	1,284	624.82	273.56	197.27	133.68
Insurance & Annuity Liabilities	1,947	2,196	1,486	367.99	260.42	171.48
Unpaid Claims	20,036	12,592	5,899	3,737	3,176	2,797
Unearned Premiums	26,874	22,546	8,416	3,256	2,227	2,133
Reinsurance Payable	10,663	3,973	2,975	2,187	1,575	597.87
Current Portion of Leases	23.13	29.79	11.62	0.16	4.4	11.23
Short-Term Debt	-	-	-	-	-	0.56
Current Income Taxes Payable	1,401	280.81	55.45	128.45	16.65	56.99
Long-Term Leases	13.18	26.63	17.47	13.22	5.79	4.13
Long-Term Deferred Tax Liabilities	-	-	-	-	-	20.36
Other Current Liabilities	1,774	18,539	2,000	65.63	75.74	174.82
Other Long-Term Liabilities	65.04	56.62	36.78	26.81	10.71	7.26
Total Liabilities	64,748	61,902	21,778	10,131	7,605	6,220
Common Stock	5,000	1,162	1,162	1,162	1,162	939
Additional Paid-In Capital	678.17	671.1	7.02	7.02	7.02	7.02
Retained Earnings	12,966	8,138	2,105	1,671	1,077	698.26
Comprehensive Income & Other	4,426	4,424	2,477	1,417	1,223	839.97
Shareholders' Equity	23,070	14,395	5,751	4,256	3,468	2,484
Total Liabilities & Equity	87,818	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	36.31	56.42	29.09	13.38	10.2	15.92
Net Cash (Debt)	16,087	27,466	7,761	5,576	5,536	4,518
Net Cash Growth	255.72%	253.91%	39.18%	0.72%	22.53%	382.80%
Net Cash Per Share	6.08	5.49	1.55	1.12	1.11	0.90
Book Value Per Share	4.61	2.88	1.15	0.85	0.69	1.07
Tangible Book Value	22,957	14,329	5,712	4,229	3,450	2,468
Tangible Book Value Per Share	4.59	2.87	1.14	0.85	0.69	1.06
Buildings	980	980	475	285	171.3	208.54
Machinery	218.18	183.75	121.88	78.25	61.41	48.73

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