{"id":856,"date":"2026-01-29T04:30:35","date_gmt":"2026-01-29T01:30:35","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=856"},"modified":"2026-02-07T14:20:14","modified_gmt":"2026-02-07T11:20:14","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-tursg-turkiye-sigorta-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/856","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #TURSG | T\u00fcrkiye Sigorta 2025\/12 Bilan\u00e7o Analizi."},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #TURSG | T\u00fcrkiye Sigorta 2025\/12 Bilan\u00e7o Analizi | Finansal ve Operasyonel Sonu\u00e7lar \ud83e\uddff\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/K-H3Zo2Wsk8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>T\u00fcrkiye Sigorta&#8217;n\u0131n Milyarlarca Liral\u0131k Raporundan \u00c7\u0131kan 4 \u015ea\u015f\u0131rt\u0131c\u0131 Ger\u00e7ek<\/h1>\n<p>Kurumsal finansal raporlar&#8230; Sadece bu iki kelime bile \u00e7o\u011fu insan\u0131n s\u0131k\u0131nt\u0131dan esnemesine veya konuyu h\u0131zla de\u011fi\u015ftirmesine neden olabilir. Sayfalarca rakam, dipnot ve karma\u015f\u0131k muhasebe terimleriyle dolu bu belgeler, genellikle sadece uzmanlar\u0131n anlayabilece\u011fi, g\u00f6z korkutucu metinler olarak g\u00f6r\u00fcl\u00fcr. Ancak bu rakam y\u0131\u011f\u0131nlar\u0131n\u0131n ard\u0131nda, bir \u015firketin sa\u011fl\u0131\u011f\u0131, stratejisi ve hatta ruhu hakk\u0131nda inan\u0131lmaz hikayeler sakl\u0131d\u0131r.<\/p>\n<p>Bu yaz\u0131da, T\u00fcrkiye Sigorta&#8217;n\u0131n 2025 y\u0131l\u0131na ait konsolide finansal raporunun ve bu raporun i\u00e7inde yer alan ba\u011f\u0131ms\u0131z denet\u00e7i g\u00f6r\u00fc\u015f\u00fcn\u00fcn derinliklerine inecek ve genellikle g\u00f6zden ka\u00e7an en \u00e7arp\u0131c\u0131 ve beklenmedik d\u00f6rt ger\u00e7e\u011fi g\u00fcn y\u00fcz\u00fcne \u00e7\u0131karaca\u011f\u0131z. Kemerlerinizi ba\u011flay\u0131n, \u00e7\u00fcnk\u00fc rakamlar\u0131n s\u0131k\u0131c\u0131 d\u00fcnyas\u0131 asl\u0131nda olduk\u00e7a \u015fa\u015f\u0131rt\u0131c\u0131 olabilir.<\/p>\n<h3>1. Ger\u00e7ek: B\u00fcy\u00fcmenin \u00d6l\u00e7e\u011fi Ba\u015f D\u00f6nd\u00fcr\u00fcyor<\/h3>\n<p>Finansal tablolarda ilk g\u00f6ze \u00e7arpan \u015fey genellikle b\u00fcy\u00fckl\u00fckt\u00fcr. T\u00fcrkiye Sigorta&#8217;n\u0131n 2024 ve 2025 y\u0131llar\u0131 aras\u0131ndaki finansal s\u0131\u00e7ramas\u0131 ise sadece &#8220;b\u00fcy\u00fck&#8221; kelimesiyle a\u00e7\u0131klanamayacak kadar etkileyici. Rakamlar, \u015firketin bir y\u0131l i\u00e7inde ne kadar devasa bir ivme kazand\u0131\u011f\u0131n\u0131 net bir \u015fekilde ortaya koyuyor:<\/p>\n<ul>\n<li><b>D\u00f6nem Net Kar\u0131:<\/b> 2024&#8217;te 12,78 milyar TL iken 2025&#8217;te neredeyse %53 artarak <b>19,52 milyar TL<\/b>&#8216;ye y\u00fckseldi.<\/li>\n<li><b>\u00d6zsermaye Toplam\u0131:<\/b> 2024&#8217;teki 27,66 milyar TL&#8217;den, yakla\u015f\u0131k %80&#8217;lik bir art\u0131\u015fla 2025&#8217;te <b>49,64 milyar TL<\/b>&#8216;ye \u00e7\u0131kt\u0131.<\/li>\n<li><b>Toplam Varl\u0131klar (\u00d6zsermaye ve Y\u00fck\u00fcml\u00fcl\u00fckler Toplam\u0131):<\/b> \u015eirketin toplam b\u00fcy\u00fckl\u00fc\u011f\u00fc 2024&#8217;te 95,3 milyar TL iken, bir y\u0131l sonra <b>154,6 milyar TL<\/b>&#8216;ye ula\u015ft\u0131.<\/li>\n<\/ul>\n<p>Bu rakamlar, sadece tablolardaki say\u0131lar de\u011fil, ayn\u0131 zamanda \u015firketin bir y\u0131l gibi k\u0131sa bir s\u00fcrede ne kadar muazzam bir de\u011fer yaratt\u0131\u011f\u0131n\u0131n ve pazar g\u00fcc\u00fcn\u00fc nas\u0131l art\u0131rd\u0131\u011f\u0131n\u0131n somut bir kan\u0131t\u0131. Bu b\u00fcy\u00fcme, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde \u015firketin finansal yat\u0131r\u0131mlar\u0131ndaki \u00f6nemli bir geni\u015flemeden kaynakland\u0131; bu yat\u0131r\u0131mlar ayn\u0131 d\u00f6nemde iki kattan fazla artt\u0131.<\/p>\n<h3>2. Ger\u00e7ek: Rapordaki En B\u00fcy\u00fck Rakam Asl\u0131nda Nitelikli Bir Tahmin<\/h3>\n<p>Peki, bu dudak u\u00e7uklatan b\u00fcy\u00fcme beraberinde ne gibi sorumluluklar ve riskler getiriyor? Cevap, bilan\u00e7onun en b\u00fcy\u00fck y\u00fck\u00fcml\u00fcl\u00fck kaleminde sakl\u0131; ancak bu kalem somut bir bor\u00e7 de\u011fil, gelece\u011fe y\u00f6nelik sofistike bir tahmin.<\/p>\n<p>&#8220;Teknik Kar\u015f\u0131l\u0131klar&#8221; olarak adland\u0131r\u0131lan bu kalem, bir sigorta \u015firketinin gelecekte \u00f6demeyi bekledi\u011fi t\u00fcm hasarlar i\u00e7in kenara ay\u0131rd\u0131\u011f\u0131 paray\u0131 ifade eder. Basit\u00e7e, &#8220;ileride ger\u00e7ekle\u015febilecek kazalar, hasarlar ve talepler i\u00e7in bug\u00fcnden ayr\u0131lan fon&#8221; demektir. T\u00fcrkiye Sigorta&#8217;n\u0131n 2025 bilan\u00e7osunda bu tahminin boyutu tam olarak <b>67.415.152.707 TL<\/b>. Yani yakla\u015f\u0131k <b>67,4 milyar TL<\/b>.<\/p>\n<p>Bu rakam o kadar \u00f6nemli ve insan yarg\u0131s\u0131na o kadar ba\u011f\u0131ml\u0131 ki, ba\u011f\u0131ms\u0131z denet\u00e7i bu kalemi bir &#8220;Kilit Denetim Konusu&#8221; olarak belirlemi\u015f; yani denetim s\u0131ras\u0131nda en \u00e7ok odaklan\u0131lmas\u0131 gereken alanlardan biri olarak i\u015faretlemi\u015f. Bunun sebebi, raporun da belirtti\u011fi gibi, bu kalemin do\u011fas\u0131 gere\u011fi &#8220;\u00f6nemli tahminler ve y\u00f6netim yarg\u0131lar\u0131 i\u00e7ermesi&#8221;. Bu devasa tahminin yakla\u015f\u0131k 24,7 milyar TL&#8217;lik \u00f6nemli bir k\u0131sm\u0131, halihaz\u0131rda ger\u00e7ekle\u015fmi\u015f ancak hen\u00fcz tam olarak \u00f6denmemi\u015f hasarlar i\u00e7in ayr\u0131lan &#8220;muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131&#8221;d\u0131r. Bu da bize sigortac\u0131l\u0131\u011f\u0131n ne kadar \u00e7ok, bilinen olaylar\u0131n nihai maliyetini tahmin etme \u00fczerine kurulu oldu\u011funu g\u00f6steriyor.<\/p>\n<h3>3. Ger\u00e7ek: Denet\u00e7i M\u00fckemmelli\u011fi Garanti Etmez, &#8220;Makul G\u00fcvence&#8221; Sunar<\/h3>\n<p>B\u00f6ylesine devasa bir b\u00fcy\u00fcme ve gelece\u011fe y\u00f6nelik milyarlarca liral\u0131k tahminler kar\u015f\u0131s\u0131nda bu rakamlara nas\u0131l g\u00fcvenebiliriz? \u0130\u015fte bu noktada devreye ba\u011f\u0131ms\u0131z denet\u00e7i giriyor. Ancak denet\u00e7inin rol\u00fc genellikle yanl\u0131\u015f anla\u015f\u0131l\u0131r.<\/p>\n<p>Bir\u00e7ok ki\u015fi, &#8220;ba\u011f\u0131ms\u0131z denetimden ge\u00e7mi\u015f&#8221; bir raporun, i\u00e7indeki her say\u0131n\u0131n y\u00fczde y\u00fcz do\u011fru oldu\u011funu garanti etti\u011fini d\u00fc\u015f\u00fcn\u00fcr. Oysa finansal tablolar\u0131 haz\u0131rlama sorumlulu\u011fu tamamen \u015firket y\u00f6netimine aittir. Ba\u011f\u0131ms\u0131z denet\u00e7i ise bu tablolar\u0131n ger\u00e7e\u011fi d\u00fcr\u00fcst\u00e7e yans\u0131t\u0131p yans\u0131tmad\u0131\u011f\u0131na dair profesyonel bir g\u00f6r\u00fc\u015f bildirir.<\/p>\n<p>Denet\u00e7inin sundu\u011fu \u015fey mutlak bir garanti de\u011fil, &#8220;makul g\u00fcvence&#8221;dir. Bu, y\u00fcksek bir g\u00fcvence seviyesidir ancak her hatan\u0131n her zaman tespit edilece\u011finin garantisi de\u011fildir. Denet\u00e7inin rol\u00fcn\u00fcn s\u0131n\u0131rlar\u0131n\u0131 ve do\u011fas\u0131n\u0131 en iyi anlatan ifade, raporun kendi i\u00e7inde yer al\u0131yor:<\/p>\n<p>Sigortac\u0131l\u0131k mevzuat\u0131 gere\u011fi y\u00fcr\u00fcrl\u00fckte bulunan ba\u011f\u0131ms\u0131z denetim ilkelerine ili\u015fkin d\u00fczenlemelere ve BDS\u2019lere uygun olarak y\u00fcr\u00fct\u00fclen bir ba\u011f\u0131ms\u0131z denetim sonucunda verilen makul g\u00fcvence; y\u00fcksek bir g\u00fcvence seviyesidir ancak, var olan \u00f6nemli bir yanl\u0131\u015fl\u0131\u011f\u0131n her zaman tespit edilece\u011fini garanti etmez.<\/p>\n<p>Bu, denetim s\u00fcrecinin bir hata av\u0131 de\u011fil, finansal tablolar\u0131n genel do\u011frulu\u011funa dair profesyonel bir g\u00f6r\u00fc\u015f bildirme s\u00fcreci oldu\u011funu hat\u0131rlat\u0131r.<\/p>\n<h3>4. Ger\u00e7ek: Kazan\u0131lan Her Primin Yar\u0131s\u0131 Riski Payla\u015fmak \u0130\u00e7in Ba\u015fka Yere Gidiyor<\/h3>\n<p>\u0130lk b\u00f6l\u00fcmdeki ba\u015f d\u00f6nd\u00fcr\u00fcc\u00fc b\u00fcy\u00fckl\u00fck ve ikinci b\u00f6l\u00fcmdeki devasa potansiyel y\u00fck\u00fcml\u00fcl\u00fckler, T\u00fcrkiye Sigorta gibi bir devin bile t\u00fcm riskleri tek ba\u015f\u0131na \u00fcstlenemeyece\u011fi anlam\u0131na geliyor. Bu da bizi sigortac\u0131l\u0131\u011f\u0131n en temel ve en \u015fa\u015f\u0131rt\u0131c\u0131 ger\u00e7eklerinden birine getiriyor: risk payla\u015f\u0131m\u0131. Bu mekanizman\u0131n ad\u0131 &#8220;reas\u00fcrans&#8221;t\u0131r ve en basit tan\u0131m\u0131yla &#8220;sigorta \u015firketlerinin sigortas\u0131&#8221;d\u0131r.<\/p>\n<p>T\u00fcrkiye Sigorta, \u00f6zellikle deprem gibi b\u00fcy\u00fck ve katastrofik riskleri tek ba\u015f\u0131na \u00fcstlenmek yerine, bu riskleri d\u00fcnyan\u0131n d\u00f6rt bir yan\u0131ndaki di\u011fer sigorta (reas\u00fcrans) \u015firketleriyle payla\u015f\u0131r. Bunun i\u00e7in de toplad\u0131\u011f\u0131 primlerin bir k\u0131sm\u0131n\u0131 onlara devreder. Rakamlar bu durumu \u00e7arp\u0131c\u0131 bir \u015fekilde g\u00f6zler \u00f6n\u00fcne seriyor:<\/p>\n<ul>\n<li><b>2025 Y\u0131l\u0131 Br\u00fct Yaz\u0131lan Primler:<\/b> <b>147,1 milyar TL<\/b><\/li>\n<li><b>2025 Y\u0131l\u0131 Reas\u00fcr\u00f6re Devredilen Primler:<\/b> <b>72,3 milyar TL<\/b><\/li>\n<\/ul>\n<p>Bu, \u015firketin toplad\u0131\u011f\u0131 primlerin neredeyse yar\u0131s\u0131n\u0131, riski payla\u015fmak i\u00e7in devretti\u011fi anlam\u0131na geliyor. Bu k\u00fcresel risk payla\u015f\u0131m a\u011f\u0131 soyut bir kavram de\u011fil; T\u00fcrkiye Sigorta, risklerini <b>Swiss Re<\/b> ve <b>Hannover Re<\/b> gibi d\u00fcnyan\u0131n en b\u00fcy\u00fck reas\u00fcrans devleriyle payla\u015farak mali g\u00fcc\u00fcn\u00fc g\u00fcvence alt\u0131na al\u0131yor. Bu basit veri, sigortac\u0131l\u0131k sekt\u00f6r\u00fcn\u00fcn ne kadar i\u00e7 i\u00e7e ge\u00e7mi\u015f ve k\u00fcresel bir a\u011fa dayand\u0131\u011f\u0131n\u0131 g\u00f6steren en g\u00fc\u00e7l\u00fc kan\u0131tlardan biridir.<\/p>\n<h3>Sonu\u00e7<\/h3>\n<p>Rakamlar\u0131n \u00f6tesine bakt\u0131\u011f\u0131m\u0131zda, bir finansal raporun asl\u0131nda bir \u015firketin stratejisi, risk y\u00f6netimi felsefesi ve gelece\u011fe y\u00f6nelik beklentileri hakk\u0131nda ne kadar derinlemesine bilgiler sundu\u011funu g\u00f6r\u00fcyoruz. Bir \u015firketin ne kadar b\u00fcy\u00fcd\u00fc\u011f\u00fcnden, en b\u00fcy\u00fck y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fcn asl\u0131nda bir tahmin olmas\u0131na; denetimin ne anlama geldi\u011finden, k\u00fcresel bir risk payla\u015f\u0131m a\u011f\u0131n\u0131n nas\u0131l i\u015fledi\u011fine kadar pek \u00e7ok ilgin\u00e7 hikaye, bu &#8220;s\u0131k\u0131c\u0131&#8221; belgelerin i\u00e7inde ke\u015ffedilmeyi bekliyor.<\/p>\n<p>Bir dahaki sefere bir \u015firketin finansal sonu\u00e7lar\u0131n\u0131 g\u00f6rd\u00fc\u011f\u00fcn\u00fczde, rakamlar\u0131n arkas\u0131nda sakl\u0131 olan hangi hikayeleri merak edeceksiniz?<\/p>\n<p>&nbsp;<\/p>\n<h1><span style=\"color: #0000ff;\">T\u00fcrkiye Sigorta A.\u015e. 31 Aral\u0131k 2025 Tarihli Konsolide Finansal Durum ve Ba\u011f\u0131ms\u0131z Denetim Raporu Brifingi<\/span><\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing, T\u00fcrkiye Sigorta A.\u015e.&#8217;nin 31 Aral\u0131k 2025 tarihi itibar\u0131yla haz\u0131rlanan konsolide finansal tablolar\u0131n\u0131 ve ilgili ba\u011f\u0131ms\u0131z denet\u00e7i raporunu analiz etmektedir. Rapor, \u015firketin finansal sa\u011fl\u0131\u011f\u0131, performans\u0131 ve risk y\u00f6netimi stratejileri hakk\u0131nda kapsaml\u0131 bir genel bak\u0131\u015f sunmaktad\u0131r.<\/p>\n<p><b>Temel Bulgular:<\/b><\/p>\n<ul>\n<li><b>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc:<\/b> Ba\u011f\u0131ms\u0131z denet\u00e7i DRT Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. (Deloitte), finansal tablolar\u0131n &#8220;t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde&#8221; sunuldu\u011funa dair <b>olumlu g\u00f6r\u00fc\u015f<\/b> bildirmi\u015ftir.<\/li>\n<li><b>Kilit Denetim Konusu:<\/b> Denetimin en \u00f6nemli konusu, do\u011fas\u0131 gere\u011fi \u00f6nemli tahminler ve y\u00f6netim yarg\u0131lar\u0131 i\u00e7eren <b>Teknik Kar\u015f\u0131l\u0131klar<\/b> olarak belirlenmi\u015ftir. 31 Aral\u0131k 2025 itibar\u0131yla toplam teknik kar\u015f\u0131l\u0131klar 67,4 milyar TL olup, bunun 24,7 milyar TL&#8217;si muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131d\u0131r.<\/li>\n<li><b>G\u00fc\u00e7l\u00fc Finansal Performans:<\/b> \u015eirket, 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re \u00f6nemli bir b\u00fcy\u00fcme kaydetmi\u015ftir. <b>Net d\u00f6nem kar\u0131 %52,8 artarak 19,5 milyar TL&#8217;ye<\/b> ula\u015fm\u0131\u015ft\u0131r (2024: 12,8 milyar TL). Br\u00fct yaz\u0131lan primler ise %45 art\u0131\u015fla 147,1 milyar TL&#8217;ye y\u00fckselmi\u015ftir (2024: 101,4 milyar TL).<\/li>\n<li><b>Bilan\u00e7o B\u00fcy\u00fcmesi ve Sermaye Art\u0131\u015f\u0131:<\/b> Toplam varl\u0131klar %62,3 artarak 154,7 milyar TL&#8217;ye, \u00f6zsermaye ise %79,5 artarak 49,6 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Bu b\u00fcy\u00fcmede, 2024 y\u0131l\u0131 kar\u0131ndan kar\u015f\u0131lanarak ger\u00e7ekle\u015ftirilen <b>%100 oran\u0131ndaki sermaye art\u0131\u015f\u0131 (5 milyar TL&#8217;den 10 milyar TL&#8217;ye)<\/b> ve d\u00f6nem kar\u0131 etkili olmu\u015ftur.<\/li>\n<li><b>Muhasebe Politikas\u0131:<\/b> Sigortac\u0131l\u0131k ve \u00d6zel Emeklilik D\u00fczenleme ve Denetleme Kurumu&#8217;nun (SEDDK) karar\u0131 uyar\u0131nca, 2025 y\u0131l\u0131 finansal tablolar\u0131nda <b>enflasyon muhasebesi (TMS 29) uygulanmam\u0131\u015ft\u0131r<\/b>.<\/li>\n<\/ul>\n<h2>Ba\u011f\u0131ms\u0131z Denetim Raporu Analizi<\/h2>\n<p>DRT Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. taraf\u0131ndan 23 Ocak 2026 tarihinde yay\u0131mlanan rapor, \u015firketin finansal tablolar\u0131n\u0131n g\u00fcvenilirli\u011fine dair \u00f6nemli bilgiler i\u00e7ermektedir.<\/p>\n<h3>Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc<\/h3>\n<p>Denet\u00e7i, T\u00fcrkiye Sigorta A.\u015e.&#8217;nin 31 Aral\u0131k 2025 tarihli konsolide finansal tablolar\u0131n\u0131n, Sigortac\u0131l\u0131k Muhasebe ve Finansal Raporlama Mevzuat\u0131&#8217;na uygun olarak &#8220;t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde&#8221; sunuldu\u011fu kanaatine varm\u0131\u015ft\u0131r. Bu olumlu g\u00f6r\u00fc\u015f, finansal tablolar\u0131n \u015firketin finansal durumunu, performans\u0131n\u0131 ve nakit ak\u0131\u015flar\u0131n\u0131 do\u011fru bir \u015fekilde yans\u0131tt\u0131\u011f\u0131na dair makul bir g\u00fcvence sa\u011flamaktad\u0131r.<\/p>\n<h3>Kilit Denetim Konusu: Teknik Kar\u015f\u0131l\u0131klar<\/h3>\n<p>Denetim raporunda, mesleki muhakemeye g\u00f6re en \u00e7ok \u00f6nem arz eden konu olarak <b>Teknik Kar\u015f\u0131l\u0131klar<\/b> belirlenmi\u015ftir.<\/p>\n<ul>\n<li><b>\u00d6nemi:<\/b> Bu alan\u0131n kilit denetim konusu olarak se\u00e7ilmesinin temel nedeni, muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131n\u0131n hesaplanmas\u0131n\u0131n \u00f6nemli tahminlere ve y\u00f6netim yarg\u0131lar\u0131na dayanmas\u0131d\u0131r. Bu tahminler, ge\u00e7mi\u015f hasar deneyimleri, piyasa ko\u015fullar\u0131 ve \u00e7e\u015fitli yasal ve ekonomik belirsizlikler gibi fakt\u00f6rleri i\u00e7ermektedir.<\/li>\n<li><b>B\u00fcy\u00fckl\u00fck:<\/b> 31 Aral\u0131k 2025 itibar\u0131yla toplam sigorta teknik kar\u015f\u0131l\u0131klar\u0131 <b>67.415.152.707 TL<\/b>&#8216;dir. Bu tutar\u0131n i\u00e7inde yer alan muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131 ise <b>24.703.953.783 TL<\/b> gibi \u00f6nemli bir yek\u00fbn olu\u015fturmaktad\u0131r.<\/li>\n<li><b>Denetim Yakla\u015f\u0131m\u0131:<\/b> Denet\u00e7i, bu konuyu ele al\u0131rken a\u015fa\u011f\u0131daki prosed\u00fcrleri uygulam\u0131\u015ft\u0131r:\n<ul>\n<li>\u00d6nemli i\u00e7 kontrollerin tasar\u0131m\u0131n\u0131 ve uygulamas\u0131n\u0131 de\u011ferlendirmi\u015ftir.<\/li>\n<li>\u00d6rneklem y\u00f6ntemiyle detayl\u0131 testler ger\u00e7ekle\u015ftirmi\u015ftir.<\/li>\n<li>Denetim ekibinin bir par\u00e7as\u0131 olan sertifikal\u0131 akt\u00fcerler arac\u0131l\u0131\u011f\u0131yla kullan\u0131lan varsay\u0131mlar\u0131, de\u011ferleme y\u00f6ntemlerini ve mevzuata uygunlu\u011fu de\u011ferlendirmi\u015ftir.<\/li>\n<li>\u0130lgili dipnot a\u00e7\u0131klamalar\u0131n\u0131n (Dipnot 2.24 ve 17) mevzuata uygunlu\u011funu kontrol etmi\u015ftir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Denet\u00e7i, bu konuya ili\u015fkin ayr\u0131 bir g\u00f6r\u00fc\u015f bildirmemekle birlikte, denetim s\u00fcrecinde bu konunun bir b\u00fct\u00fcn olarak ele al\u0131nd\u0131\u011f\u0131n\u0131 belirtmi\u015ftir.<\/p>\n<h3>Di\u011fer Yasal Y\u00fck\u00fcml\u00fcl\u00fckler<\/h3>\n<p>Raporda ayr\u0131ca, T\u00fcrk Ticaret Kanunu (TTK) uyar\u0131nca a\u015fa\u011f\u0131daki hususlarda \u00f6nemli bir olumsuzlu\u011fa rastlanmad\u0131\u011f\u0131 belirtilmi\u015ftir:<\/p>\n<ul>\n<li><b>Riskin Erken Saptanmas\u0131 Sistemi ve Komitesi Raporu<\/b> 23 Ocak 2026&#8217;da Y\u00f6netim Kurulu&#8217;na sunulmu\u015ftur.<\/li>\n<li>\u015eirketin 2025 hesap d\u00f6nemindeki <b>defter tutma d\u00fczeni<\/b>, TTK ve esas s\u00f6zle\u015fme h\u00fck\u00fcmlerine uygundur.<\/li>\n<li>Y\u00f6netim Kurulu, denetim kapsam\u0131nda istenen <b>a\u00e7\u0131klamalar\u0131 yapm\u0131\u015f ve belgeleri sa\u011flam\u0131\u015ft\u0131r<\/b>.<\/li>\n<\/ul>\n<h2>Finansal Performans ve Durum Analizi<\/h2>\n<p>T\u00fcrkiye Sigorta A.\u015e., 2025 y\u0131l\u0131nda finansal performans\u0131n\u0131 ve bilan\u00e7o yap\u0131s\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde g\u00fc\u00e7lendirmi\u015ftir.<\/p>\n<h3>Temel Finansal G\u00f6stergeler<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Finansal G\u00f6sterge<\/td>\n<td>31 Aral\u0131k 2025 (TL)<\/td>\n<td>31 Aral\u0131k 2024 (TL)<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Yaz\u0131lan Primler<\/b><\/td>\n<td>147.117.164.318<\/td>\n<td>101.365.792.989<\/td>\n<td>+45,1%<\/td>\n<\/tr>\n<tr>\n<td><b>Teknik B\u00f6l\u00fcm Dengesi (Hayat D\u0131\u015f\u0131)<\/b><\/td>\n<td>22.695.443.081<\/td>\n<td>17.259.524.049<\/td>\n<td>+31,5%<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem Kar\u0131<\/b><\/td>\n<td><b>19.527.051.640<\/b><\/td>\n<td><b>12.780.600.278<\/b><\/td>\n<td><b>+52,8%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td>154.657.996.721<\/td>\n<td>95.308.108.111<\/td>\n<td>+62,3%<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler<\/b><\/td>\n<td>105.012.264.069<\/td>\n<td>67.643.053.766<\/td>\n<td>+55,2%<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zsermaye<\/b><\/td>\n<td><b>49.645.732.652<\/b><\/td>\n<td><b>27.665.054.345<\/b><\/td>\n<td><b>+79,5%<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6denmi\u015f Sermaye<\/b><\/td>\n<td>10.000.000.000<\/td>\n<td>5.000.000.000<\/td>\n<td>+100,0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Gelir Tablosu De\u011ferlendirmesi<\/h3>\n<ul>\n<li><b>Prim \u00dcretimi:<\/b> \u015eirketin br\u00fct yaz\u0131lan primleri 2025&#8217;te %45,1 artarak 147,1 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r. Bu art\u0131\u015f, \u015firketin pazar pay\u0131n\u0131 ve i\u015f hacmini geni\u015fletti\u011fini g\u00f6stermektedir.<\/li>\n<li><b>Teknik Karl\u0131l\u0131k:<\/b> Hayat d\u0131\u015f\u0131 bran\u015flardaki teknik b\u00f6l\u00fcm dengesi, %31,5&#8217;lik bir art\u0131\u015fla 22,7 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu durum, sigortac\u0131l\u0131k ana faaliyet alan\u0131ndaki karl\u0131l\u0131\u011f\u0131n s\u00fcrd\u00fcr\u00fclebilir bir \u015fekilde artt\u0131\u011f\u0131n\u0131 ortaya koymaktad\u0131r.<\/li>\n<li><b>Net Kar:<\/b> D\u00f6nem net kar\u0131ndaki %52,8&#8217;lik etkileyici art\u0131\u015f, hem g\u00fc\u00e7l\u00fc teknik performanstan hem de yat\u0131r\u0131m gelirlerindeki art\u0131\u015ftan kaynaklanmaktad\u0131r. Teknik olmayan b\u00f6l\u00fcmdeki yat\u0131r\u0131m gelirleri 34,2 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir (2024: 23,6 milyar TL).<\/li>\n<\/ul>\n<h3>Bilan\u00e7o De\u011ferlendirmesi<\/h3>\n<ul>\n<li><b>Varl\u0131k B\u00fcy\u00fcmesi:<\/b> Toplam varl\u0131klardaki 154,7 milyar TL&#8217;ye ula\u015fan b\u00fcy\u00fcme, b\u00fcy\u00fck \u00f6l\u00e7\u00fcde &#8220;Finansal Varl\u0131klar&#8221; kalemindeki art\u0131\u015ftan kaynaklanmaktad\u0131r. Bu kalem, 2024&#8217;teki 40,3 milyar TL&#8217;den 2025&#8217;te 96,5 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>\u00d6zsermaye G\u00fc\u00e7lenmesi:<\/b> \u00d6zsermayedeki %79,5&#8217;lik art\u0131\u015f, \u015firketin finansal yap\u0131s\u0131n\u0131n ne denli g\u00fc\u00e7lendi\u011finin bir g\u00f6stergesidir. Bu art\u0131\u015f\u0131n ana bile\u015fenleri 19,5 milyar TL&#8217;lik d\u00f6nem kar\u0131 ve i\u00e7 kaynaklardan yap\u0131lan 5 milyar TL&#8217;lik sermaye art\u0131\u015f\u0131d\u0131r.<\/li>\n<li><b>Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> \u0130\u015f hacmindeki b\u00fcy\u00fcmeye paralel olarak, sigortac\u0131l\u0131k teknik kar\u015f\u0131l\u0131klar\u0131 49,5 milyar TL&#8217;den 67,4 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h3>Sermaye Yap\u0131s\u0131 ve Kar Da\u011f\u0131t\u0131m\u0131<\/h3>\n<ul>\n<li><b>Sermaye Art\u0131\u015f\u0131:<\/b> \u015eirket, 2 Haziran 2025 tarihinde, 5 milyar TL olan \u00e7\u0131kar\u0131lm\u0131\u015f sermayesini, tamam\u0131 2024 y\u0131l\u0131 net d\u00f6nem kar\u0131ndan kar\u015f\u0131lanmak suretiyle %100 oran\u0131nda art\u0131rarak 10 milyar TL&#8217;ye \u00e7\u0131karm\u0131\u015ft\u0131r.<\/li>\n<li><b>Temett\u00fc \u00d6demesi:<\/b> 2025 y\u0131l\u0131 i\u00e7inde ortaklara 2 milyar TL temett\u00fc \u00f6demesi yap\u0131lm\u0131\u015ft\u0131r (2024: 1 milyar TL).<\/li>\n<li><b>2025 Kar Da\u011f\u0131t\u0131m\u0131:<\/b> 2025 y\u0131l\u0131 d\u00f6nem kar\u0131n\u0131n da\u011f\u0131t\u0131m\u0131, rapor tarihi itibar\u0131yla hen\u00fcz toplanmam\u0131\u015f olan Genel Kurul&#8217;un karar\u0131na ba\u011fl\u0131d\u0131r. Da\u011f\u0131t\u0131labilir net d\u00f6nem kar\u0131 19,5 milyar TL&#8217;dir.<\/li>\n<\/ul>\n<h2>\u00d6nemli Muhasebe Politikalar\u0131 ve Tahminleri<\/h2>\n<ul>\n<li><b>Enflasyon Muhasebesi:<\/b> SEDDK&#8217;n\u0131n 6 Aral\u0131k 2024 tarihli genelgesi uyar\u0131nca sigorta, reas\u00fcrans ve emeklilik \u015firketlerinin 2025 y\u0131l\u0131nda enflasyon muhasebesi uygulamamas\u0131na karar verilmi\u015ftir. Bu \u00e7er\u00e7evede, 31 Aral\u0131k 2025 tarihli konsolide finansal tablolar haz\u0131rlan\u0131rken TMS 29&#8217;a g\u00f6re enflasyon d\u00fczeltmesi yap\u0131lmam\u0131\u015ft\u0131r.<\/li>\n<li><b>Muallak Tazminat Kar\u015f\u0131l\u0131\u011f\u0131:<\/b> Ger\u00e7ekle\u015fmi\u015f ancak rapor edilmemi\u015f hasarlar\u0131 da kapsayan bu kar\u015f\u0131l\u0131k, \u015firket akt\u00fcerinin en iyi tahmin y\u00f6ntemlerini (Akt\u00fceryal Zincir Merdiven Metotlar\u0131 &#8211; AZMM) kullanarak hesaplanmaktad\u0131r. 31 Aral\u0131k 2025 itibar\u0131yla iskonto \u00f6ncesi net muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131 45,6 milyar TL iken, mevzuat uyar\u0131nca uygulanan iskonto sonras\u0131 tutar 24,7 milyar TL olarak raporlanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Devam Eden Riskler Kar\u015f\u0131l\u0131\u011f\u0131 (DERK):<\/b> Y\u00fcr\u00fcrl\u00fckteki poli\u00e7elerden gelecekte do\u011fabilecek hasarlar\u0131n kazan\u0131lmam\u0131\u015f primleri a\u015fma ihtimaline kar\u015f\u0131 ayr\u0131lan bu kar\u015f\u0131l\u0131\u011f\u0131n net tutar\u0131 31 Aral\u0131k 2025 itibar\u0131yla 1,3 milyar TL&#8217;dir.<\/li>\n<\/ul>\n<h2>Risk Y\u00f6netimi Stratejileri<\/h2>\n<h3>Sigorta Riski<\/h3>\n<p>\u015eirket, sigorta riskini y\u00f6netmek i\u00e7in \u00e7ok katmanl\u0131 bir strateji izlemektedir:<\/p>\n<ul>\n<li><b>Riziko Kabul Politikas\u0131:<\/b> Riskler, bran\u015flar\u0131na ve b\u00fcy\u00fckl\u00fcklerine g\u00f6re s\u0131n\u0131fland\u0131r\u0131lmakta; risk m\u00fchendisleri ve ilgili birimler taraf\u0131ndan yap\u0131lan de\u011ferlendirmeler sonucunda kabul veya ret karar\u0131 verilmektedir.<\/li>\n<li><b>Reas\u00fcrans:<\/b> Y\u00fcksek risklere ve katastrofik olaylara kar\u015f\u0131 korunma sa\u011flamak amac\u0131yla reas\u00fcrans anla\u015fmalar\u0131 kullan\u0131lmaktad\u0131r. \u015eirketin \u00e7al\u0131\u015ft\u0131\u011f\u0131 ba\u015fl\u0131ca reas\u00fcr\u00f6rler aras\u0131nda Swiss Re, Milli Reas\u00fcrans, Everest Re ve Hannover Re gibi y\u00fcksek kredi notuna sahip k\u00fcresel \u015firketler bulunmaktad\u0131r.<\/li>\n<li><b>Sekt\u00f6rel Havuzlar:<\/b> Zorunlu trafik sigortas\u0131ndaki y\u00fcksek riskli poli\u00e7eler i\u00e7in &#8220;Riskli Sigortal\u0131lar Havuzu&#8221;na ve &#8220;T\u0131bbi K\u00f6t\u00fc Uygulamaya \u0130li\u015fkin Zorunlu Mali Sorumluluk Sigortas\u0131 Havuzu&#8221;na prim ve hasar devri yap\u0131lmaktad\u0131r.<\/li>\n<\/ul>\n<h3>Finansal Risk<\/h3>\n<p>\u015eirket; kredi, likidite ve piyasa risklerini (kur ve faiz oran\u0131 riski) y\u00f6netmek i\u00e7in kapsaml\u0131 politikalar uygulamaktad\u0131r. Risk y\u00f6netim yap\u0131s\u0131n\u0131n g\u00f6zetimi Y\u00f6netim Kurulu sorumlulu\u011fundad\u0131r. 31 Aral\u0131k 2025 itibar\u0131yla kredi riskine maruz varl\u0131klar\u0131n toplam defter de\u011feri yakla\u015f\u0131k 149 milyar TL olarak raporlanm\u0131\u015ft\u0131r.<\/p>\n<h2>\u015eirket Bilgileri<\/h2>\n<ul>\n<li><b>Unvan:<\/b> T\u00fcrkiye Sigorta Anonim \u015eirketi<\/li>\n<li><b>Ana Ortak:<\/b> TVF Finansal Yat\u0131r\u0131mlar A.\u015e. (%81,10)<\/li>\n<li><b>Nihai Ortak:<\/b> T\u00fcrkiye Varl\u0131k Fonu<\/li>\n<li><b>Halka A\u00e7\u0131kl\u0131k Oran\u0131:<\/b> %18,90<\/li>\n<li><b>Y\u00f6netim Kurulu Ba\u015fkan\u0131:<\/b> Aziz Murat ULU\u011e<\/li>\n<li><b>Y\u00f6netim Kurulu Ba\u015fkan Vekili ve Genel M\u00fcd\u00fcr:<\/b> Taha \u00c7AKMAK<\/li>\n<li><b>Adres:<\/b> G\u00fcne\u015f Plaza, B\u00fcy\u00fckdere Cad. No:110 Esentepe \u015ei\u015fli 34394 \u0130stanbul<\/li>\n<li><b>\u0130leti\u015fim Merkezi:<\/b> 0 850 202 20 20<\/li>\n<li><b>Web Sitesi:<\/b> www.turkiyesigorta.com.tr<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"856\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Sunulan belge, **T\u00fcrkiye Sigorta A.\u015e.** firmas\u0131n\u0131n 31 Aral\u0131k 2025 tarihi itibar\u0131yla haz\u0131rlanan **konsolide finansal tablolar\u0131n\u0131** ve buna ili\u015fkin **ba\u011f\u0131ms\u0131z denet\u00e7i raporunu** i\u00e7ermektedir. \u015eirketin mali durumu, **muhasebe politikalar\u0131** ve operasyonel performans\u0131 hakk\u0131nda ayr\u0131nt\u0131l\u0131 veriler sunan bu rapor, yasal mevzuat \u00e7er\u00e7evesinde haz\u0131rlanan kapsaml\u0131 bir d\u00f6k\u00fcmand\u0131r. Metin i\u00e7erisinde **bilan\u00e7o**, gelir tablosu, \u00f6zsermaye de\u011fi\u015fimleri ve teknik kar\u015f\u0131l\u0131klar gibi kritik mali g\u00f6stergeler analiz edilmektedir. Ayr\u0131ca, \u015firketin **ortakl\u0131k yap\u0131s\u0131**, y\u00f6netim kadrosu ve personeline sa\u011flanan menfaatler gibi kurumsal bilgiler de detayland\u0131r\u0131lm\u0131\u015ft\u0131r. Rapor, sigortac\u0131l\u0131k risklerinin y\u00f6netimi ve **yeni finansal raporlama standartlar\u0131na** uyum s\u00fcre\u00e7lerini de kapsamaktad\u0131r. Son olarak, i\u015fletmenin **kar da\u011f\u0131t\u0131m\u0131**, vergi y\u00fck\u00fcml\u00fcl\u00fckleri ve gayrimenkul yat\u0131r\u0131mlar\u0131 gibi stratejik finansal kalemleri verilerle a\u00e7\u0131klanmaktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":857,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[190],"class_list":["post-856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-tursg"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=856"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/856\/revisions"}],"predecessor-version":[{"id":985,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/856\/revisions\/985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/857"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}