Aksigorta A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 30, 2022 at 11:53 pm EDT
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Aksigorta A.S. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was TRY 51 million compared to TRY 66.8 million a year ago.
For the nine months, net loss was TRY 394.9 million compared to net income of TRY 253.28 million a year ago. Basic loss per share from continuing operations was TRY 0.6453.
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.