{"id":880,"date":"2026-01-29T22:32:17","date_gmt":"2026-01-29T19:32:17","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=880"},"modified":"2026-02-07T14:20:03","modified_gmt":"2026-02-07T11:20:03","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-ansgr-anadolu-sigorta-2025-9-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/880","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 ANSGR | Anadolu Sigorta 2025\/12 Bilan\u00e7o Analizi."},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #ANSGR | Anadolu Sigorta 2025\/12 Bilan\u00e7o Analizi\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/LaazllWHm7c?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>Anadolu Sigorta\u2019n\u0131n 2025 Bilan\u00e7osunda Gizlenen 32 Milyar TL: Bir Dev Analizi<\/h1>\n<h3>Giri\u015f: Rakamlar\u0131n Arkas\u0131ndaki Hik\u00e2ye<\/h3>\n<p>Sigortac\u0131l\u0131k, sadece poli\u00e7e satmak de\u011fil; istatistik, matematik ve \u00f6ng\u00f6r\u00fcn\u00fcn kusursuz bir uyumla i\u015flendi\u011fi devasa bir risk y\u00f6netimi sanat\u0131d\u0131r. Anadolu Anonim T\u00fcrk Sigorta \u015eirketi\u2019nin 29 Ocak 2026 tarihinde kamuoyuyla payla\u015ft\u0131\u011f\u0131 86 sayfal\u0131k konsolide finansal raporu, bu sanat\u0131n T\u00fcrkiye\u2019deki en g\u00f6rkemli \u00f6rneklerinden birini sunuyor. Rakamlar\u0131n kuru d\u00fcnyas\u0131ndan s\u0131yr\u0131l\u0131p derinlere indi\u011fimizde, kar\u015f\u0131m\u0131za sadece bir bilan\u00e7o de\u011fil; belirsizli\u011fi y\u00f6neten, finansal kaslar\u0131n\u0131 g\u00fc\u00e7lendiren ve yar\u0131nlar\u0131n\u0131 bug\u00fcnden garanti alt\u0131na alan bir sekt\u00f6r devinin stratejik yol haritas\u0131 \u00e7\u0131k\u0131yor.<\/p>\n<h3>G\u00f6r\u00fcnmez Dev: 32,7 Milyar TL\u2019lik &#8220;G\u00fcven Projeksiyonu&#8221;<\/h3>\n<p>Anadolu Sigorta\u2019n\u0131n 2025 bilan\u00e7osunun kalbinde, 32.782.498.048 TL tutar\u0131ndaki net <b>IBNR<\/b> (Ger\u00e7ekle\u015fmi\u015f ancak rapor edilmemi\u015f tazminatlar) kar\u015f\u0131l\u0131\u011f\u0131 yer al\u0131yor. Teknik bir terimin \u00f6tesinde IBNR, asl\u0131nda bir &#8220;g\u00fcven de\u011ferlemesidir.&#8221; Hen\u00fcz dosyas\u0131 a\u00e7\u0131lmam\u0131\u015f ancak ger\u00e7ekle\u015fti\u011fi tahmin edilen hasarlar i\u00e7in ayr\u0131lan bu devasa rezerv, \u015firketin mali d\u00fcr\u00fcstl\u00fc\u011f\u00fcn\u00fc ve muhafazak\u00e2r risk vizyonunu simgeler.<\/p>\n<p>Ba\u011f\u0131ms\u0131z denetim kurulu\u015fu PwC, bu konuyu raporunda &#8220;Kilit Denetim Konusu&#8221; olarak i\u015faretleyerek mesleki yarg\u0131n\u0131n \u00f6nemine \u015fu s\u00f6zlerle dikkat \u00e7ekmektedir:<\/p>\n<p>&#8220;Ger\u00e7ekle\u015fmi\u015f ancak rapor edilmemi\u015f tazminat bedeli kar\u015f\u0131l\u0131\u011f\u0131 tutar\u0131n\u0131n konsolide finansal tablolar i\u00e7erisindeki tutarsal \u00f6nemi ve kar\u015f\u0131l\u0131k hesaplamalar\u0131n\u0131n yap\u0131s\u0131 gere\u011fi \u00f6nemli akt\u00fceryal yarg\u0131 ve tahminleri i\u00e7ermesi nedeniyle bu alana odaklan\u0131lm\u0131\u015ft\u0131r&#8230; \u015eirket akt\u00fceri taraf\u0131ndan hesaplanan kar\u015f\u0131l\u0131klar i\u00e7in ba\u011f\u0131ms\u0131z akt\u00fceryal \u00e7al\u0131\u015fmalar yap\u0131larak makul aral\u0131k tahminleri belirlenmi\u015f ve kay\u0131tl\u0131 tutarlar ile kar\u015f\u0131la\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r.&#8221;<\/p>\n<p>\u015eirket, akt\u00fceryal tahmin y\u00f6ntemlerini kullanarak gelecekteki olas\u0131 y\u00fck\u00fcml\u00fcl\u00fcklerini bug\u00fcnden \u015feffaf bir \u015fekilde masaya koymaktad\u0131r. Bu 32,7 milyar TL, \u015firketin en f\u0131rt\u0131nal\u0131 d\u00f6nemlerde dahi sars\u0131lmaz bir kale olarak kalaca\u011f\u0131n\u0131n finansal taahh\u00fcd\u00fcd\u00fcr.<\/p>\n<h3>K\u00e2rdan Sermayeye: 500 Milyon\u2019dan 2 Milyar TL\u2019ye Dev S\u0131\u00e7ray\u0131\u015f<\/h3>\n<p>Anadolu Sigorta, 2025 y\u0131l\u0131nda sermaye yap\u0131s\u0131n\u0131 radikal bir hamleyle g\u00fc\u00e7lendirerek \u00f6denmi\u015f sermayesini %300 oran\u0131nda art\u0131rm\u0131\u015f ve 500.000.000 TL\u2019den 2.000.000.000 TL\u2019ye ta\u015f\u0131m\u0131\u015ft\u0131r. Bu art\u0131\u015f\u0131n en dikkat \u00e7ekici yan\u0131, d\u0131\u015far\u0131dan kaynak aramak yerine tamamen 2024 y\u0131l\u0131 k\u00e2r\u0131ndan kar\u015f\u0131lanan <b>bedelsiz sermaye art\u0131\u015f\u0131<\/b> olmas\u0131d\u0131r. \u015eirket, elde etti\u011fi k\u00e2r\u0131 d\u0131\u015far\u0131 \u00e7\u0131karmak yerine b\u00fcnyesinde tutarak \u00f6zkaynak taban\u0131n\u0131 tahkim etmi\u015ftir.<\/p>\n<p>31 Aral\u0131k 2025 itibar\u0131yla \u015firketin ula\u015ft\u0131\u011f\u0131 35,5 Milyar TL&#8217;lik \u00f6zsermaye kompozisyonu \u015f\u00f6yledir:<\/p>\n<ul>\n<li><b>\u00d6denmi\u015f Sermaye:<\/b> 2.000.000.000 TL<\/li>\n<li><b>K\u00e2r Yedekleri:<\/b> 18.867.290.890 TL<\/li>\n<li><b>D\u00f6nem Net K\u00e2r\u0131:<\/b> 13.431.245.293 TL<\/li>\n<li><b>Toplam \u00d6zsermaye:<\/b> 35.553.399.346 TL<\/li>\n<\/ul>\n<h3>K\u00e2rl\u0131l\u0131kta S\u00fcreklilik ve Yat\u0131r\u0131m Dehas\u0131: 13,4 Milyar TL Net K\u00e2r<\/h3>\n<p>Anadolu Sigorta, 2025 y\u0131l\u0131n\u0131 13.431.245.293 TL net d\u00f6nem k\u00e2r\u0131 ile kapatarak, 2024 y\u0131l\u0131ndaki 11,5 Milyar TL&#8217;lik ba\u015far\u0131s\u0131n\u0131 geride b\u0131rakm\u0131\u015f ve s\u00fcrd\u00fcr\u00fclebilir bir k\u00e2rl\u0131l\u0131k trendini per\u00e7inlemi\u015ftir. Ancak bu k\u00e2r\u0131n kayna\u011f\u0131n\u0131 anlamak, ger\u00e7ek analitik i\u00e7g\u00f6r\u00fcy\u00fc sa\u011flar.<\/p>\n<p>\u015eirketin Hayat D\u0131\u015f\u0131 Teknik B\u00f6l\u00fcm Dengesi, 2024\u2019teki 14,9 Milyar TL seviyesinden 18,1 Milyar TL\u2019ye y\u00fckselerek operasyonel verimlili\u011fin artt\u0131\u011f\u0131n\u0131 kan\u0131tlam\u0131\u015ft\u0131r. Bu k\u00e2rl\u0131l\u0131k s\u00fctununu destekleyen as\u0131l g\u00fc\u00e7 ise 33,9 Milyar TL\u2019ye ula\u015fan yat\u0131r\u0131m gelirleridir. Bu gelirin <b>9,9 Milyar TL gibi kritik bir k\u0131sm\u0131 kambiyo karlar\u0131ndan (d\u00f6viz de\u011fi\u015fim gelirleri)<\/b> gelmi\u015ftir. Bu veri, \u015firketin sadece poli\u00e7e primlerini de\u011fil, varl\u0131klar\u0131n\u0131 da d\u00f6viz volatilitesine kar\u015f\u0131 ne denli maharetle y\u00f6netti\u011fini g\u00f6stermektedir.<\/p>\n<h3>Denet\u00e7inin G\u00f6z\u00fc: PwC\u2019nin Onay M\u00fchr\u00fc<\/h3>\n<p>Bir finansal raporun do\u011frulu\u011fu, ancak ba\u011f\u0131ms\u0131z bir denet\u00e7inin &#8220;ger\u00e7e\u011fe uygun&#8221; onay\u0131yla tescillenir. PwC (Sorumlu Denet\u00e7i Ramazan Y\u00fcksekkaya, SMMM), 29 Ocak 2026 tarihli raporunda Anadolu Sigorta\u2019ya tam not vermi\u015ftir:<\/p>\n<p>&#8220;G\u00f6r\u00fc\u015f\u00fcm\u00fcze g\u00f6re, ili\u015fikteki konsolide finansal tablolar \u015eirket\u2019in 31 Aral\u0131k 2025 tarihi itibar\u0131yla konsolide finansal durumunu&#8230; &#8216;Sigortac\u0131l\u0131k Muhasebe ve Finansal Raporlama Mevzuat\u0131&#8217;na uygun olarak t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunmaktad\u0131r.&#8221;<\/p>\n<p>KGK ve T\u00fcrkiye Denetim Standartlar\u0131&#8217;na uygun olarak y\u00fcr\u00fct\u00fclen bu denetim, yat\u0131r\u0131mc\u0131lar i\u00e7in en y\u00fcksek g\u00fcven seviyesini temsil etmektedir.<\/p>\n<h3>Bran\u015flar\u0131n Sava\u015f\u0131 ve Muhafazak\u00e2r Yakla\u015f\u0131m<\/h3>\n<p>\u015eirketin 97,8 Milyar TL\u2019ye ula\u015fan br\u00fct yaz\u0131lan prim hacmi sahadaki g\u00fcc\u00fcn\u00fc teyit ederken, tazminat y\u00fck\u00fcml\u00fcl\u00fckleri taraf\u0131nda ilgin\u00e7 bir detay g\u00f6ze \u00e7arpmaktad\u0131r:<\/p>\n<ul>\n<li><b>Kar Ara\u00e7lar\u0131 Sorumluluk (Trafik):<\/b> 16,2 Milyar TL\u2019lik net muallak tazminat y\u00fck\u00fc ile en b\u00fcy\u00fck risk alan\u0131 olmaya devam etmektedir.<\/li>\n<li><b>Yang\u0131n ve Do\u011fal Afetler:<\/b> 3 Milyar TL\u2019lik net kar\u015f\u0131l\u0131k ile dengeli bir pozisyon sergilemektedir.<\/li>\n<\/ul>\n<p>Buradaki kritik analitik detay, \u015firketin d\u00fcr\u00fcstl\u00fck katsay\u0131s\u0131d\u0131r. SEDDK d\u00fczenlemeleriyle <b>iskonto oran\u0131n\u0131n %35\u2019ten %29\u2019a \u00e7ekilmesi<\/b>, \u015firketin bilan\u00e7osuna 1,9 Milyar TL ek y\u00fck getirmi\u015ftir. Ancak Anadolu Sigorta, bu faiz oran\u0131 de\u011fi\u015fikli\u011fini kabullenerek y\u00fck\u00fcml\u00fcl\u00fcklerini daha ger\u00e7ek\u00e7i bir zemine oturtmu\u015f, k\u00e2\u011f\u0131t \u00fczerinde daha y\u00fcksek k\u00e2r g\u00f6stermek yerine daha sa\u011flam bir bilan\u00e7o tercih etmi\u015ftir.<\/p>\n<h3>Sonu\u00e7: 2026\u2019ya Bak\u0131\u015f ve Nominal K\u00e2r\u0131n \u00d6tesi<\/h3>\n<p>Anadolu Sigorta, T\u00fcrkiye \u0130\u015f Bankas\u0131 Grubu\u2019nun g\u00fcc\u00fc, 1.853 personeli ve 3.280 acentelik devasa a\u011f\u0131yla T\u00fcrkiye\u2019nin sigorta lokomotifi olmay\u0131 s\u00fcrd\u00fcr\u00fcyor. 128,6 Milyar TL&#8217;lik toplam varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fc, \u015firketin sekt\u00f6rdeki dominant pozisyonunu tart\u0131\u015f\u0131lmaz k\u0131l\u0131yor.<\/p>\n<p>Ancak bir analist olarak \u015fu \u015ferhi d\u00fc\u015fmek gerekir: 2025 bilan\u00e7osunda sunulan 13,4 Milyar TL&#8217;lik k\u00e2r, SEDDK kararlar\u0131 gere\u011fi enflasyon muhasebesi (TMS 29) uygulanmam\u0131\u015f bir &#8220;nominal&#8221; de\u011ferdir. Ger\u00e7ek sat\u0131n alma g\u00fcc\u00fc ve enflasyondan ar\u0131nd\u0131r\u0131lm\u0131\u015f reel k\u00e2rl\u0131l\u0131\u011f\u0131 g\u00f6rmek i\u00e7in bu rakamlar\u0131n \u00f6tesine bakmak elzemdir.<\/p>\n<p><b>Kapan\u0131\u015f Sorusu:<\/b> 32 Milyar TL\u2019lik devasa bir risk rezervi ay\u0131ran ve iskonto oranlar\u0131ndaki muhafazak\u00e2r de\u011fi\u015fimi bilan\u00e7osuna d\u00fcr\u00fcst\u00e7e yans\u0131tan bu devin, enflasyon muhasebesi uygulanmayan bir ortamda sundu\u011fu k\u00e2rl\u0131l\u0131k, sigorta sekt\u00f6r\u00fcnde yeni bir &#8220;finansal dayan\u0131kl\u0131l\u0131k&#8221; standard\u0131 m\u0131 belirliyor?<\/p>\n<p>&nbsp;<\/p>\n<h1>Anadolu Anonim T\u00fcrk Sigorta \u015eirketi 2025 Y\u0131l\u0131 Konsolide Finansal Brifing Raporu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing dok\u00fcman\u0131, Anadolu Anonim T\u00fcrk Sigorta \u015eirketi&#8217;nin 31 Aral\u0131k 2025 tarihinde sona eren hesap d\u00f6nemine ait konsolide finansal tablolar\u0131n\u0131 ve ba\u011f\u0131ms\u0131z denet\u00e7i raporunu sentezlemektedir. \u015eirket, 2025 y\u0131l\u0131n\u0131 <b>13.431.245.293 TL<\/b> net d\u00f6nem k\u00e2r\u0131 ile kapatarak, bir \u00f6nceki y\u0131l\u0131n (11.538.847.383 TL) \u00fczerinde bir performans sergilemi\u015ftir. Toplam varl\u0131klar <b>128,7 milyar TL<\/b> seviyesine ula\u015f\u0131rken, \u00f6zsermaye <b>35,5 milyar TL<\/b> olarak ger\u00e7ekle\u015fmi\u015ftir. Ba\u011f\u0131ms\u0131z denet\u00e7i PwC, finansal tablolar\u0131n ger\u00e7e\u011fe uygunlu\u011fu konusunda &#8220;olumlu g\u00f6r\u00fc\u015f&#8221; bildirmi\u015ftir. Denetim s\u00fcrecindeki en kritik unsur, <b>32,8 milyar TL<\/b> tutar\u0131ndaki net &#8220;Ger\u00e7ekle\u015fmi\u015f Ancak Rapor Edilmemi\u015f Tazminat&#8221; (IBNR) kar\u015f\u0131l\u0131\u011f\u0131 tahminleri olmu\u015ftur.<\/p>\n<h2>1. Ba\u011f\u0131ms\u0131z Denet\u00e7i G\u00f6r\u00fc\u015f\u00fc ve Kilit Denetim Konular\u0131<\/h2>\n<p>PwC Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. taraf\u0131ndan haz\u0131rlanan 29 Ocak 2026 tarihli rapor, \u015firketin finansal durumuna dair \u015fu temel bulgular\u0131 i\u00e7ermektedir:<\/p>\n<ul>\n<li><b>G\u00f6r\u00fc\u015f:<\/b> Konsolide finansal tablolar, sigortac\u0131l\u0131k mevzuat\u0131 ve T\u00fcrkiye Finansal Raporlama Standartlar\u0131&#8217;na (TFRS) uygun olarak, t\u00fcm \u00f6nemli y\u00f6nleriyle ger\u00e7e\u011fe uygun bir bi\u00e7imde sunulmu\u015ftur.<\/li>\n<li><b>Kilit Denetim Konusu (IBNR):<\/b> Denet\u00e7iler, 31 Aral\u0131k 2025 itibar\u0131yla ayr\u0131lan <b>32.782.498.048 TL<\/b> tutar\u0131ndaki net ger\u00e7ekle\u015fmi\u015f ancak rapor edilmemi\u015f tazminat bedeli tahminini en kritik alan olarak belirlemi\u015ftir.\n<ul>\n<li><b>Neden:<\/b> Bu tutar\u0131n finansal tablolar i\u00e7indeki b\u00fcy\u00fckl\u00fc\u011f\u00fc ve hesaplamalar\u0131n \u00f6nemli akt\u00fceryal yarg\u0131 ve varsay\u0131mlar (zincirleme merdiven metotlar\u0131, geli\u015fim fakt\u00f6rleri vb.) i\u00e7ermesi.<\/li>\n<li><b>Denetim Prosed\u00fcr\u00fc:<\/b> \u015eirket akt\u00fceri taraf\u0131ndan kullan\u0131lan y\u00f6ntemler, ge\u00e7mi\u015f hasar deneyimleri ve sekt\u00f6rel geli\u015fmeler \u0131\u015f\u0131\u011f\u0131nda PwC b\u00fcnyesindeki akt\u00fcerler taraf\u0131ndan test edilmi\u015f ve makul aral\u0131k tahminleri ile kar\u015f\u0131la\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>2. Finansal Performans Analizi<\/h2>\n<p>\u015eirketin 2025 y\u0131l\u0131 faaliyet sonu\u00e7lar\u0131, hayat d\u0131\u015f\u0131 teknik gelirlerde ve net k\u00e2rl\u0131l\u0131kta \u00f6nemli bir b\u00fcy\u00fcmeye i\u015faret etmektedir.<\/p>\n<h3>2.1 Gelir Tablosu \u00d6zeti (Milyon TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025 (Cari D\u00f6nem)<\/td>\n<td>2024 (\u00d6nceki D\u00f6nem)<\/td>\n<\/tr>\n<tr>\n<td>Br\u00fct Yaz\u0131lan Primler<\/td>\n<td>97.883,1<\/td>\n<td>69.589,1<\/td>\n<\/tr>\n<tr>\n<td>Reas\u00fcr\u00f6re Devredilen Primler<\/td>\n<td>(19.639,8)<\/td>\n<td>(16.419,8)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Yaz\u0131lan Primler<\/b><\/td>\n<td><b>76.837,9<\/b><\/td>\n<td><b>52.268,0<\/b><\/td>\n<\/tr>\n<tr>\n<td>Hayat D\u0131\u015f\u0131 Teknik B\u00f6l\u00fcm Dengesi<\/td>\n<td>18.161,9<\/td>\n<td>14.992,8<\/td>\n<\/tr>\n<tr>\n<td>Yat\u0131r\u0131m Gelirleri<\/td>\n<td>33.987,3<\/td>\n<td>22.764,3<\/td>\n<\/tr>\n<tr>\n<td>Yat\u0131r\u0131m Giderleri<\/td>\n<td>(33.453,4)<\/td>\n<td>(22.072,0)<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net K\u00e2r\u0131<\/b><\/td>\n<td><b>13.431,2<\/b><\/td>\n<td><b>11.538,8<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2 Teknik ve Teknik Olmayan Faaliyetler<\/h3>\n<ul>\n<li><b>Teknik B\u00f6l\u00fcm:<\/b> Hayat d\u0131\u015f\u0131 teknik gelirler 89,4 milyar TL&#8217;ye ula\u015f\u0131rken, ger\u00e7ekle\u015fen tazminatlar (reas\u00fcr\u00f6r pay\u0131 d\u00fc\u015f\u00fclm\u00fc\u015f) 50,7 milyar TL seviyesindedir.<\/li>\n<li><b>Yat\u0131r\u0131m Faaliyetleri:<\/b> Finansal yat\u0131r\u0131mlardan elde edilen gelirler (10 milyar TL) ve kambiyo k\u00e2rlar\u0131 (9,9 milyar TL) yat\u0131r\u0131m gelirlerinin ana kalemlerini olu\u015fturmaktad\u0131r.<\/li>\n<\/ul>\n<h2>3. Finansal Durum ve Bilan\u00e7o Yap\u0131s\u0131<\/h2>\n<p>\u015eirketin varl\u0131k yap\u0131s\u0131 likidite ve finansal ara\u00e7lar a\u011f\u0131rl\u0131kl\u0131d\u0131r.<\/p>\n<h3>3.1 Varl\u0131k ve Y\u00fck\u00fcml\u00fcl\u00fck Da\u011f\u0131l\u0131m\u0131<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Bilan\u00e7o Kalemi<\/td>\n<td>31 Aral\u0131k 2025 (TL)<\/td>\n<td>31 Aral\u0131k 2024 (TL)<\/td>\n<\/tr>\n<tr>\n<td>Nakit ve Nakit Benzerleri<\/td>\n<td>34.039.827.544<\/td>\n<td>24.337.623.292<\/td>\n<\/tr>\n<tr>\n<td>Finansal Varl\u0131klar<\/td>\n<td>54.020.295.698<\/td>\n<td>37.497.770.996<\/td>\n<\/tr>\n<tr>\n<td>Esas Faaliyetlerden Alacaklar<\/td>\n<td>27.608.828.817<\/td>\n<td>17.209.414.819<\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>128.693.250.391<\/b><\/td>\n<td><b>89.267.931.589<\/b><\/td>\n<\/tr>\n<tr>\n<td>Sigortac\u0131l\u0131k Teknik Kar\u015f\u0131l\u0131klar\u0131<\/td>\n<td>73.705.397.477<\/td>\n<td>50.269.775.250<\/td>\n<\/tr>\n<tr>\n<td><b>\u00d6zsermaye Toplam\u0131<\/b><\/td>\n<td><b>35.553.399.346<\/b><\/td>\n<td><b>23.726.137.445<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2 \u00d6zsermaye ve Sermaye Art\u0131r\u0131m\u0131<\/h3>\n<ul>\n<li><b>Sermaye Yap\u0131s\u0131:<\/b> \u015eirketin \u00f6denmi\u015f sermayesi 2025 y\u0131l\u0131 i\u00e7inde <b>500 milyon TL&#8217;den 2 milyar TL&#8217;ye<\/b> y\u00fckseltilmi\u015ftir. Bu art\u0131\u015f\u0131n 1,5 milyar TL&#8217;lik k\u0131sm\u0131 2024 y\u0131l\u0131 k\u00e2r\u0131ndan bedelsiz hisse senedi olarak kar\u015f\u0131lanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Temett\u00fc:<\/b> 2024 y\u0131l\u0131 k\u00e2r\u0131ndan 2,1 milyar TL tutar\u0131nda nakit temett\u00fc da\u011f\u0131t\u0131m\u0131 ger\u00e7ekle\u015ftirilmi\u015ftir.<\/li>\n<\/ul>\n<h2>4. Teknik Kar\u015f\u0131l\u0131klar ve Akt\u00fceryal Varsay\u0131mlar<\/h2>\n<p>Sigortac\u0131l\u0131k faaliyetlerinin temel y\u00fck\u00fcml\u00fcl\u00fcklerini olu\u015fturan teknik kar\u015f\u0131l\u0131klarda \u00f6nemli akt\u00fceryal g\u00fcncellemeler yap\u0131lm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li><b>IBNR Hesaplamas\u0131:<\/b> Toplam br\u00fct IBNR kar\u015f\u0131l\u0131\u011f\u0131 39 milyar TL, net IBNR kar\u015f\u0131l\u0131\u011f\u0131 ise <b>32,8 milyar TL<\/b> olarak belirlenmi\u015ftir. En y\u00fcksek kar\u015f\u0131l\u0131k Zorunlu Trafik (net 17,1 milyar TL) ve Genel Sorumluluk (net 7 milyar TL) bran\u015flar\u0131ndad\u0131r.<\/li>\n<li><b>\u0130skonto Oran\u0131:<\/b> Muallak tazminat kar\u015f\u0131l\u0131klar\u0131n\u0131n nakit ak\u0131\u015flar\u0131n\u0131n iskonto edilmesinde kullan\u0131lan oran <b>%29<\/b> olarak uygulanm\u0131\u015ft\u0131r (\u00d6nceki y\u0131l: %35). Bu oran de\u011fi\u015fikli\u011fi net muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131n\u0131 1,9 milyar TL art\u0131r\u0131c\u0131 etki yapm\u0131\u015ft\u0131r. Toplam net iskonto tutar\u0131 <b>22,2 milyar TL<\/b>&#8216;dir.<\/li>\n<li><b>SGK Transferleri:<\/b> Trafik kazalar\u0131ndan kaynaklanan tedavi masraflar\u0131 i\u00e7in 2025 y\u0131l\u0131nda Sosyal G\u00fcvenlik Kurumu&#8217;na <b>1.405.432.087 TL<\/b> prim aktar\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>5. \u015eirket Yap\u0131s\u0131 ve Operasyonel Detaylar<\/h2>\n<ul>\n<li><b>Ortakl\u0131k:<\/b> \u015eirketin ana orta\u011f\u0131 %57,31 pay ile Milli Reas\u00fcrans T.A.\u015e.&#8217;dir. Nihai h\u00e2kim sermaye grubu <b>T\u00fcrkiye \u0130\u015f Bankas\u0131 A.\u015e.<\/b> Grubu&#8217;dur.<\/li>\n<li><b>\u0130\u015ftirakler:<\/b> Anadolu Hayat Emeklilik A.\u015e.&#8217;deki %20 oran\u0131ndaki pay, \u00f6zkaynak y\u00f6ntemiyle konsolide edilmektedir.<\/li>\n<li><b>Personel ve Da\u011f\u0131t\u0131m Kanal\u0131:<\/b> 2025 y\u0131l\u0131 itibar\u0131yla ortalama \u00e7al\u0131\u015fan say\u0131s\u0131 1.853&#8217;t\u00fcr. \u015eirket, 3.139 yetkili acente ile geni\u015f bir da\u011f\u0131t\u0131m a\u011f\u0131na sahiptir.<\/li>\n<li><b>\u00dcst Y\u00f6netim Menfaatleri:<\/b> 2025 y\u0131l\u0131nda y\u00f6netim kurulu \u00fcyeleri ve \u00fcst d\u00fczey y\u00f6neticilere toplam <b>157,3 milyon TL<\/b> \u00fccret ve benzeri menfaat sa\u011flanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>6. Muhasebe Politikalar\u0131 ve Mevzuat Uyum<\/h2>\n<ul>\n<li><b>Enflasyon Muhasebesi (TMS 29):<\/b> SEDDK&#8217;n\u0131n ilgili genelgeleri uyar\u0131nca, 31 Aral\u0131k 2025 tarihli konsolide finansal tablolarda <b>enflasyon d\u00fczeltmesi uygulanmam\u0131\u015ft\u0131r.<\/b><\/li>\n<li><b>Ertelenen Standartlar:<\/b> Sigortac\u0131l\u0131k mevzuat\u0131 \u00e7er\u00e7evesinde TFRS 17 (Sigorta S\u00f6zle\u015fmeleri), TFRS 9 (Finansal Ara\u00e7lar) ve TFRS 15 (M\u00fc\u015fteri S\u00f6zle\u015fmelerinden Has\u0131lat) standartlar\u0131n\u0131n uygulamas\u0131 ertelenmi\u015f durumdad\u0131r.<\/li>\n<li><b>Vergi Oran\u0131:<\/b> \u015eirketin kurum kazan\u00e7lar\u0131 \u00fczerinden uygulanan kurumlar vergisi oran\u0131 <b>%30<\/b>&#8216;dur.<\/li>\n<\/ul>\n<h2>7. \u00d6nemli Riskler ve Taahh\u00fctler<\/h2>\n<ul>\n<li><b>K\u0131dem Tazminat\u0131:<\/b> Akt\u00fceryal y\u00f6ntemlerle hesaplanan k\u0131dem tazminat\u0131 kar\u015f\u0131l\u0131\u011f\u0131 345 milyon TL&#8217;dir. Hesaplamada %3,92 reel iskonto oran\u0131 kullan\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Dava Riski:<\/b> \u015eirket aleyhine a\u00e7\u0131lan ve tahakkuk eden r\u00fccu alacaklar\u0131 ile ilgili kar\u015f\u0131l\u0131klar ayr\u0131lm\u0131\u015ft\u0131r. Tahsil edilemeyen r\u00fccu alacaklar\u0131 i\u00e7in 308,7 milyon TL kar\u015f\u0131l\u0131k mevcuttur.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"880\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Anadolu Sigorta 2025 Y\u0131l\u0131nda G\u00fc\u00e7l\u00fc B\u00fcy\u00fcmesini S\u00fcrd\u00fcrd\u00fc! Anadolu Sigorta\u2019n\u0131n 2025 y\u0131l\u0131 konsolide finansal sonu\u00e7lar\u0131 a\u00e7\u0131kland\u0131. \u015eirket, 13,4 milyar TL net k\u00e2r elde ederken, toplam varl\u0131klar\u0131n\u0131 128,7 milyar TL&#8217;ye ta\u015f\u0131d\u0131. \u00d6zsermayesini 35,5 milyar TL&#8217;ye y\u00fckselten ve \u00f6denmi\u015f sermayesini 2 milyar TL&#8217;ye \u00e7\u0131karan Anadolu Sigorta, sekt\u00f6rdeki \u00f6nc\u00fc konumunu peki\u015ftirmeye devam ediyor. PwC taraf\u0131ndan onaylanan \u015feffaf finansal tablolar\u0131n detaylar\u0131 ve kilit performans g\u00f6stergeleri analizimizde.<\/p>\n","protected":false},"author":1,"featured_media":883,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[196],"class_list":["post-880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ansgr"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/880","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=880"}],"version-history":[{"count":5,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/880\/revisions"}],"predecessor-version":[{"id":981,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/880\/revisions\/981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/883"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}