AREX Sigorta Announces First Half 2025 Financial Results

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ABONE OL

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AREX Sigorta General Manager Dr. Abdullah Kara has announced the company’s financial results for the first half of 2025, highlighting the challenges caused by the Insurance and Private Pension Regulation and Supervision Authority’s (SEDDK) decision to suspend the company’s operations as of April 10, 2025.

Dr. Kara stated that the suspension was the most significant factor preventing the achievement of the year’s targets.

“In the first six months of 2025, we recorded a 136% year-on-year increase, reaching 154 million TL in pre-tax profit. However, we fell far short of our initial targets due to our inability to issue new policies following the suspension,” he said.

Despite these limitations, Kara emphasized that the company continued to fulfill its obligations without delay, paying out 184 million TL in claims during the period.

“Thanks to the dedication of our entire team, we managed to meet our obligations faster than ever before. Our capital adequacy ratio currently stands at 227%, which is a strong indicator of our financial resilience,” he added.

Concluding his statement, Dr. Kara expressed his gratitude:

“I extend my sincere thanks to our policyholders for their trust, and to our agents and brokers for their unwavering support. I hope to share much more positive news with our industry partners in the near future.”