{"id":941,"date":"2026-02-06T02:13:14","date_gmt":"2026-02-05T23:13:14","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=941"},"modified":"2026-02-07T14:18:48","modified_gmt":"2026-02-07T11:18:48","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-akgrt-aksigorta-2025-12-bilanco-analizi","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/941","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 #AKGRT | Aksigorta 2025\/12 Bilan\u00e7o Analizi"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/creators.spotify.com\/pod\/profile\/market-risk-tr\/embed\/episodes\/AKGRT--Aksigorta-202512-Bilano-Analizi-e3emvi8\/a-acf5b61\" width=\"400px\" height=\"102px\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h1>Aksigorta A.\u015e. 2025 Y\u0131l\u0131 Finansal De\u011ferlendirme ve Ba\u011f\u0131ms\u0131z Denetim Raporu Brifingi<\/h1>\n<p>Bu belge, Aksigorta A.\u015e.&#8217;nin 1 Ocak &#8211; 31 Aral\u0131k 2025 hesap d\u00f6nemine ait ba\u011f\u0131ms\u0131z denetimden ge\u00e7mi\u015f finansal tablolar\u0131n\u0131, operasyonel performans\u0131n\u0131 ve stratejik finansal verilerini sentezleyen kapsaml\u0131 bir \u00f6zet sunmaktad\u0131r.<\/p>\n<h2>1. Y\u00f6netici \u00d6zeti<\/h2>\n<p>Aksigorta A.\u015e., 2025 mali y\u0131l\u0131n\u0131 operasyonel hacminde ve k\u00e2rl\u0131l\u0131\u011f\u0131nda \u00f6nemli bir b\u00fcy\u00fcme ile tamamlam\u0131\u015ft\u0131r. DRT Ba\u011f\u0131ms\u0131z Denetim ve Serbest Muhasebeci Mali M\u00fc\u015favirlik A.\u015e. (Deloitte) taraf\u0131ndan y\u00fcr\u00fct\u00fclen denetim sonucunda, \u015firketin finansal tablolar\u0131n\u0131n sigortac\u0131l\u0131k mevzuat\u0131na ve T\u00fcrkiye Finansal Raporlama Standartlar\u0131&#8217;na (TFRS) uygun olarak ger\u00e7e\u011fi yans\u0131tt\u0131\u011f\u0131na dair &#8220;Olumlu G\u00f6r\u00fc\u015f&#8221; verilmi\u015ftir.<\/p>\n<p><b>Kritik Finansal Veriler (31 Aral\u0131k 2025):<\/b><\/p>\n<ul>\n<li><b>Net D\u00f6nem K\u00e2r\u0131:<\/b> 2.485.797.839 TL (2024: 1.856.582.154 TL) \u2014 Yakla\u015f\u0131k %33,9 art\u0131\u015f.<\/li>\n<li><b>Toplam Varl\u0131klar:<\/b> 34.489.408.604 TL (2024: 25.556.410.466 TL).<\/li>\n<li><b>Toplam \u00d6zsermaye:<\/b> 7.646.155.683 TL (2024: 5.091.924.965 TL).<\/li>\n<li><b>Br\u00fct Yaz\u0131lan Primler:<\/b> 35.101.021.882 TL.<\/li>\n<li><b>Net Ger\u00e7ekle\u015fmi\u015f Ancak Rapor Edilmemi\u015f Tazminat (IBNR):<\/b> 8.999.846.613 TL.<\/li>\n<\/ul>\n<p>Raporda \u00f6ne \u00e7\u0131kan en \u00f6nemli husus, teknik kar\u015f\u0131l\u0131klar\u0131n, \u00f6zellikle de IBNR kar\u015f\u0131l\u0131klar\u0131n\u0131n hesaplanmas\u0131nda kullan\u0131lan akt\u00fceryal tahminlerin finansal tablolar \u00fczerindeki belirleyici etkisidir. \u015eirket, 2025 y\u0131l\u0131nda enflasyon muhasebesi (TMS 29) uygulamas\u0131na tabi tutulmam\u0131\u015ft\u0131r.<\/p>\n<h2>2. Finansal Durum Analizi<\/h2>\n<h3>2.1. Varl\u0131k Yap\u0131s\u0131 ve Likidite<\/h3>\n<p>\u015eirketin varl\u0131k yap\u0131s\u0131 b\u00fcy\u00fck oranda cari varl\u0131klardan olu\u015fmaktad\u0131r ve bu durum sigortac\u0131l\u0131k faaliyetlerinin gerektirdi\u011fi y\u00fcksek likidite ihtiyac\u0131 ile uyumludur.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Varl\u0131k Kategorisi<\/td>\n<td>31 Aral\u0131k 2025 (TL)<\/td>\n<td>31 Aral\u0131k 2024 (TL)<\/td>\n<\/tr>\n<tr>\n<td><b>Cari Varl\u0131klar<\/b><\/td>\n<td><b>32.130.934.914<\/b><\/td>\n<td><b>24.079.740.640<\/b><\/td>\n<\/tr>\n<tr>\n<td>&#8211; Nakit ve Nakit Benzerleri<\/td>\n<td>8.735.326.350<\/td>\n<td>7.143.345.821<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Finansal Varl\u0131klar<\/td>\n<td>12.376.005.318<\/td>\n<td>8.698.279.947<\/td>\n<\/tr>\n<tr>\n<td>&#8211; Esas Faaliyetlerden Alacaklar<\/td>\n<td>7.131.553.896<\/td>\n<td>5.898.653.065<\/td>\n<\/tr>\n<tr>\n<td><b>Cari Olmayan Varl\u0131klar<\/b><\/td>\n<td><b>2.358.473.690<\/b><\/td>\n<td><b>1.476.669.826<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Toplam Varl\u0131klar<\/b><\/td>\n<td><b>34.489.408.604<\/b><\/td>\n<td><b>25.556.410.466<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>2.2. Y\u00fck\u00fcml\u00fcl\u00fckler ve \u00d6zsermaye<\/h3>\n<p>Y\u00fck\u00fcml\u00fcl\u00fcklerin %98&#8217;inden fazlas\u0131 k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerden olu\u015fmakta olup, bunun temel kayna\u011f\u0131 sigortac\u0131l\u0131k teknik kar\u015f\u0131l\u0131klar\u0131d\u0131r.<\/p>\n<ul>\n<li><b>Sigortac\u0131l\u0131k Teknik Kar\u015f\u0131l\u0131klar\u0131 (Net):<\/b> 16.872.435.015 TL seviyesindedir. Bu tutar i\u00e7inde en b\u00fcy\u00fck pay\u0131 8,88 milyar TL ile Kazan\u0131lmam\u0131\u015f Primler Kar\u015f\u0131l\u0131\u011f\u0131 ve 7,01 milyar TL ile Muallak Tazminat Kar\u015f\u0131l\u0131\u011f\u0131 almaktad\u0131r.<\/li>\n<li><b>\u00d6zsermaye Geli\u015fimi:<\/b> \u00d6denmi\u015f sermaye 1,61 milyar TL seviyesinde sabit kal\u0131rken, ge\u00e7mi\u015f y\u0131llar k\u00e2rlar\u0131 ve d\u00f6nem k\u00e2r\u0131ndaki art\u0131\u015fla toplam \u00f6zsermaye 7,65 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<h2>3. Operasyonel Performans ve Gelir Analizi<\/h2>\n<h3>3.1. Teknik B\u00f6l\u00fcm Sonu\u00e7lar\u0131<\/h3>\n<p>\u015eirket, hayat d\u0131\u015f\u0131 sigortac\u0131l\u0131k segmentinde g\u00fc\u00e7l\u00fc bir performans sergilemi\u015ftir.<\/p>\n<ul>\n<li><b>Hayat D\u0131\u015f\u0131 Teknik Gelir:<\/b> 16.823.273.117 TL.<\/li>\n<li><b>Hayat D\u0131\u015f\u0131 Teknik Gider:<\/b> (13.551.640.694) TL.<\/li>\n<li><b>Teknik B\u00f6l\u00fcm Dengesi (K\u00e2r):<\/b> 3.271.632.423 TL.<\/li>\n<\/ul>\n<p><b>Br\u00fct Yaz\u0131lan Primlerin Da\u011f\u0131l\u0131m\u0131:<\/b> Toplam 35,1 milyar TL tutar\u0131ndaki br\u00fct prim \u00fcretiminin 20,7 milyar TL&#8217;si reas\u00fcr\u00f6rlere devredilmi\u015f, 330,4 milyon TL&#8217;si SGK&#8217;ya aktar\u0131lm\u0131\u015ft\u0131r. Net yaz\u0131lan primler 14,06 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<h3>3.2. Yat\u0131r\u0131m Faaliyetleri<\/h3>\n<p>Yat\u0131r\u0131m gelirleri, teknik k\u00e2r\u0131 destekleyen \u00f6nemli bir unsurdur.<\/p>\n<ul>\n<li><b>Yat\u0131r\u0131m Gelirleri:<\/b> Toplam 7,42 milyar TL&#8217;dir. Bu tutar\u0131n i\u00e7inde finansal yat\u0131r\u0131mlar\u0131n de\u011ferlemesinden elde edilen 2,83 milyar TL ve kambiyo k\u00e2rlar\u0131ndan elde edilen 2,47 milyar TL dikkat \u00e7ekmektedir.<\/li>\n<li><b>Teknik B\u00f6l\u00fcme Aktar\u0131m:<\/b> Hayat d\u0131\u015f\u0131 teknik kar\u015f\u0131l\u0131klar\u0131 kar\u015f\u0131layan varl\u0131klar\u0131n yat\u0131r\u0131ma y\u00f6nlendirilmesinden elde edilen 5,53 milyar TL, teknik olmayan b\u00f6l\u00fcmden teknik b\u00f6l\u00fcme aktar\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>4. Kilit Denetim Konusu: Akt\u00fceryal Kar\u015f\u0131l\u0131klar (IBNR)<\/h2>\n<p>Ba\u011f\u0131ms\u0131z denet\u00e7i, &#8220;Ger\u00e7ekle\u015fmi\u015f ancak rapor edilmemi\u015f tazminat bedellerinin (IBNR) tahmini&#8221; konusunu denetimin en kritik alan\u0131 olarak belirlemi\u015ftir.<\/p>\n<ul>\n<li><b>Tahmin Y\u00f6ntemi:<\/b> \u015eirket akt\u00fceri; Zorunlu Trafik bran\u015f\u0131nda &#8220;Frekans\/\u015eiddet&#8221;, di\u011fer bir\u00e7ok bran\u015fta ise &#8220;Standart Zincirleme Merdiven&#8221; y\u00f6ntemlerini kullanm\u0131\u015ft\u0131r.<\/li>\n<li><b>\u0130skonto Etkisi:<\/b> SEDDK genelgeleri uyar\u0131nca muallak tazminat kar\u015f\u0131l\u0131klar\u0131 nakit ak\u0131\u015flar\u0131 \u00fczerinden iskonto edilmi\u015ftir. 2025 y\u0131l\u0131 i\u00e7in kullan\u0131lan iskonto oran\u0131 %29&#8217;dur (2024: %35). Bu oran de\u011fi\u015fikli\u011fi net kar\u015f\u0131l\u0131klar\u0131 82,27 milyon TL art\u0131rm\u0131\u015ft\u0131r.<\/li>\n<li><b>Dava Kazanma Oran\u0131 \u0130ndirimi:<\/b> \u015eirket, son 5 y\u0131ll\u0131k verileri kullanarak aleyhine a\u00e7\u0131lan davalarda %25&#8217;i a\u015fmamak kayd\u0131yla indirim uygulam\u0131\u015ft\u0131r. Bu kapsamda net 843,8 milyon TL muallak tazminat kar\u015f\u0131l\u0131\u011f\u0131ndan indirilmi\u015ftir.<\/li>\n<\/ul>\n<h2>5. \u00d6nemli Muhasebe Politikalar\u0131 ve Mevzuat Notlar\u0131<\/h2>\n<ul>\n<li><b>Enflasyon Muhasebesi (TMS 29):<\/b> SEDDK&#8217;n\u0131n 2024\/32 say\u0131l\u0131 genelgesi uyar\u0131nca, sigorta \u015firketlerinin 2025 y\u0131l\u0131nda enflasyon muhasebesi uygulamamas\u0131na karar verilmi\u015ftir. Dolay\u0131s\u0131yla finansal tablolar tarihi maliyet esasl\u0131d\u0131r.<\/li>\n<li><b>Vergi Oranlar\u0131:<\/b> 2025 y\u0131l\u0131 kurumlar vergisi oran\u0131 finansal kurumlar i\u00e7in %30, di\u011fer kurumlar i\u00e7in %25 olarak uygulanmaktad\u0131r. \u015eirket, 673,6 milyon TL tutar\u0131nda net ertelenmi\u015f vergi varl\u0131\u011f\u0131 beyan etmi\u015ftir.<\/li>\n<li><b>Devam Eden Riskler Kar\u015f\u0131l\u0131\u011f\u0131 (DERK):<\/b> Hasar\/prim oran\u0131n\u0131n belirli e\u015fikleri a\u015fmas\u0131 nedeniyle (\u00d6rn: Zorunlu Trafik havuz d\u0131\u015f\u0131 %131, havuzdan devral\u0131nan %202) toplam 974,9 milyon TL net DERK ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Dengeleme Kar\u015f\u0131l\u0131\u011f\u0131:<\/b> Kredi ve deprem teminatlar\u0131 i\u00e7in katastrofik risklere kar\u015f\u0131 296,6 milyon TL dengeleme kar\u015f\u0131l\u0131\u011f\u0131 ayr\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<h2>6. Kurumsal Bilgiler ve Personel Yap\u0131s\u0131<\/h2>\n<ul>\n<li><b>Ortakl\u0131k Yap\u0131s\u0131:<\/b> Do\u011frudan ana ortaklar Hac\u0131 \u00d6mer Sabanc\u0131 Holding A.\u015e. ve Ageas Insurance International N.V.&#8217;dir. \u015eirket hisselerinin %28&#8217;i Borsa \u0130stanbul&#8217;da i\u015flem g\u00f6rmektedir.<\/li>\n<li><b>Hizmet A\u011f\u0131:<\/b> Genel m\u00fcd\u00fcrl\u00fck ve 10 b\u00f6lge m\u00fcd\u00fcrl\u00fc\u011f\u00fc ile faaliyet g\u00f6steren \u015firket, 31 Aral\u0131k 2025 itibar\u0131yla 3.661 yetkili acente ile \u00e7al\u0131\u015fmaktad\u0131r.<\/li>\n<li><b>\u0130nsan Kayna\u011f\u0131:<\/b> 2025 y\u0131l\u0131 sonu itibar\u0131yla personel say\u0131s\u0131 884&#8217;t\u00fcr (2024: 845).<\/li>\n<li><b>\u00dcst D\u00fczey Y\u00f6netim Menfaatleri:<\/b> \u00dcst d\u00fczey y\u00f6neticilere 2025 y\u0131l\u0131nda sa\u011flanan toplam \u00fccret ve menfaat tutar\u0131 86.089.721 TL&#8217;dir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<p><i>Bu briefing dok\u00fcman\u0131, 5 \u015eubat 2026 tarihli ba\u011f\u0131ms\u0131z denet\u00e7i raporu ve ekli finansal tablolar temel al\u0131narak haz\u0131rlanm\u0131\u015ft\u0131r.<\/i><\/p>\n<button class=\"simplefavorite-button\" data-postid=\"941\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>Aksigorta A.\u015e., 1 Ocak &#8211; 31 Aral\u0131k 2025 d\u00f6nemini kapsayan \u015feffaf ve g\u00fc\u00e7l\u00fc finansal sonu\u00e7lar\u0131n\u0131 kamuoyuyla payla\u015ft\u0131. \u015eirket, bu hesap d\u00f6neminde 2.485.797.839 TL net k\u00e2r elde ederek bir \u00f6nceki y\u0131la g\u00f6re finansal performans\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rd\u0131. Ba\u011f\u0131ms\u0131z denetim raporu, Aksigorta&#8217;n\u0131n finansal durumunun sigortac\u0131l\u0131k mevzuat\u0131na tam uyumlu ve ger\u00e7e\u011fe uygun \u015fekilde sunuldu\u011funu teyit etti. Br\u00fct yaz\u0131lan primlerin 35,1 milyar TL&#8217;ye ula\u015ft\u0131\u011f\u0131 bu d\u00f6nemde \u015firket, uzun vadeli stratejileri ve sermaye yeterlili\u011fini koruma hedefi do\u011frultusunda k\u00e2r da\u011f\u0131t\u0131m\u0131 yapmama karar\u0131 alarak finansal istikrar\u0131n\u0131 \u00f6nceliklendirdi.<\/p>\n","protected":false},"author":1,"featured_media":974,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[207],"class_list":["post-941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-akgrt"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/941","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=941"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/941\/revisions"}],"predecessor-version":[{"id":942,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/941\/revisions\/942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/974"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}