FINANCIAL PERFORMANCE ANALYSIS OF LIFE INSURANCE COMPANIES

Abstract

This research aims to examine the trend in the financial performance of the life insurance sector in Türkiye over the years. The financial performance of life insurance companies for the years 2012–2021 was measured by ratio analysis, TOPSIS method and trend analysis. As a result of this research, it was found that the capital adequacy performance of the life insurance sector is good and tends to fluctuate over the years. Accordingly, it was found that the ability of life insurance companies to pay their medium and long-term liabilities is good. It was found that the asset quality and liquidity ratios of the life insurance sector fluctuate over the years, and its ability to meet short-term liabilities is weak. The operating ratios of the sector show that the current asset performance has decreased. The overall profitability of the sector was positive. It was that the financial performance of the life insurance sector, most successful year in 2018 and most unsuccessful year in 2016. When the most successful companies in the life insurance sector are examined by years, it was reached that Mapfre Genel Yaşam in 2012, Cigna Hayat in 2013, Mapfre Genel Yaşam in 2014, Acıbadem in 2015-2018, Bupa Acıbadem in 2019 and 2021, Bereket Katılım Hayat in the first place in 2021

Keywords

• financial analysis
• insurance
• insurance business
• life insurance
• ratio analysis