MAPFRE Insurance, one of Turkey’s leading insurance companies, has announced its third quarter results. Compared to the same period of last year, the profit of MAPFRE Insurance, which increased its profit by 25.41 percent to 226 million 531 thousand TL, increased by 4.77 percent compared to the previous year.
MAPFRE Insurance, one of the strongest companies in the Turkish insurance sector, announced financial results for the third quarter of 2017 in Turkey. The profit of EMFFRE Insurance increased by 25.41 percent compared to the same period of the previous year and reached 226 million 531 thousand TL. In the third quarter of 2017, MAPFRE Insurance’s technical profit increased by 4.77 percent compared to the previous year, signing an important success.
The total premium of MAPFRE Insurance, which maintains its first place in the engineering branch in the sector according to the data of the third quarter of 2017, is 162.380.000 TL. The total premium production of MAPFRE Insurance, which is in the 4th place in the health branch, is 339.042.000 TL.
“Our expectation is that we continue to grow in the last quarter and write 2017 as one of our most successful years in our company history …” said MAPFRE Insurance General Manager (CEO) and Deputy Chairman of the Board this year we focused on technical profitability. We maintained our market share of 7 percent in the third quarter and we ranked 4th. We aim to achieve operational excellence by closely following the trends in the world and by providing digitalization of all our processes, further increasing our market share in 2018. we are the most productive company on the market right now because our expense ratio is below 7 percent. We are the most recommended insurance company, especially by insurers in insurance, “he said.