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 | DATE OF CREATION: 1929, Turkey |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Middle East and Asia | |
| REGIONAL STRUCTURE: Singapore |
Milli Re : contact
| Adress : Harbiye Mahallesi, Maçka Caddesi No: 35 ,34367 Şişli Istanbul, Turkey |
| Tel : +90 212 231 47 30 |
| Fax:+90 212 230 86 08 |
| Email : millire@millire.com / info@millire.com |
| Site web : www.millire.com |
Milli Re : rating
| Agency | Rating | Outlook |
| A.M.Best | C | Negative |
| Standard & Poor's | BBB- (tr) | - |
Milli Re : main indicators
In thousands USD| 2019 | 2020 | 2021 | |
| Turnover | 278 781 | 246 775 | 216 582 |
| Shareholder's equity | 358 949 | 357 720 | 261 757 |
| Net result | 52 521 | 47 260 | 47 892 |
Milli Re : turnover 2021 by class of business
In thousands USD| Premiums | In % | |
| Fire & natural disasters | 125 564 | 57.97% |
| General damages | 51 499 | 23.78% |
| Marine and aviation | 18 145 | 8.38% |
| Motor | 8 829 | 4.08% |
| General liability | 6 795 | 3.14% |
| Accident | 4 081 | 1.88% |
| Other risks (1) | 1 655 | 0.76% |
| Total non life | 216 568 | 99.99% |
| Life | 14 | 0.01% |
| Grand total | 216 582 | 100% |
(1) Including health, credit, financial losses and legal protection
Milli Re : capital and shareholding
| Shareholders | In % |  |
| İşbank | 87.60% | |
| Groupama Hayat A.Ş | 5.88% | |
| Ankara Natural Electricity Generation and Trade Co. Inc. | 3.37% | |
| Ziraat Bank | 2.49% | |
| Autres | 0.66% |
Milli Re : technical ratios
| 2020 | 2021 | |
| Net loss ratio | 86% | 108% |
| Net management expenses ratio | 31% | 28% |
| Net combined ratio | 117% | 136% |
Milli Re : management
| Ebru ÖZŞUCA | Chairman of the board |
| Fikret Utku Özdemir | Director and general manager |
| Fatma Özlem Civan | Assistant general manager, technical |
| Vehbi Kaan Acun | Assistant general manager, treaty underwriting |
| Şule Soylu | Assistant general manager, finance and administration |
| Şebnem Kurhan Ünlü | Assistant general manager, risk management and IT |
Exchange rate as at 31/12/2019: 1 TRY = 0.16806 USD ; as at 31/12/2020: 1 TRY = 0.13557 USD ; 31/12/2021: 1 TRY = 0.08724 USD
Source : Milli Re
Read also | Insurance companies in Turkey