Aksigorta Provides Earnings Guidance for the Year of 2013 and 2014
February 18, 2014 at 06:48 am EST
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Aksigorta provided earnings guidance for the year of 2013 and 2014. For the year of 2013, the company expects a 20% to 30% rise in net income after recording a 228% surge in net profit to TRY 159.8 million ($73.3 million/€53.4 million) in 2013. The expected increase in net earnings will be driven by "growing technical profit in line with top line growth combined with higher financial income stemming from cash and interest rate.
The company also targets a rise of 15% to 18% in premium income in 2014. Last year, its gross written premiums rose 16% to TRY 1.5 billion.
Aksigorta A.S. is a Turkey-based general insurance company. The Company's products include fire and property insurance, which offers home and commercial risks insurance packages; accident insurance products, such as insurance packages for motors, commercial vehicles, theft, personal accident, glass breakdown and third party liability; marine cargo insurance for local and international cargo, securities and hull; engineering insurance, covering electronic equipment and machinery breakdown; agriculture insurance for hail risks and greenhouse damage; health insurance, and life insurance products. It also offers its services online through its Aksigorta Service Centre. The Company is a subsidiary of Haci Omer Sabanci Holding A.S.
AKSIGORTA 
