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Milli Reasurans Turk A.S. (Turkiye)

Main Activities: Direct Life, Health, and Medical Insurance Carriers
Full name: Milli Reasurans Turk Anonim Sirketi Profile Updated: February 28, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Combining the experience, confidence and prestige earned as the only active local reinsurance company in the Turkish insurance market with the know-how derived as the manager of the FAIR Pool, Milli Re began writing business extensively from international markets in 2006. Aiming for global expansion and portfolio diversification, the Company built a strong structure that is active also in international reinsurance markets and is resilient to competitive and market conditions. While the Company’s performance is closely monitored by international rating agencies, A.M. Best has affirmed Milli Re’s financial strength rating (FSR) as B++ (Good) on September 20, 2011. The outlook on the FSR remained stable. According to A.M. Best, this rating reflects Milli Re’s strong capitalization and dominant position in the local market. Standard & Poor's (S&P) affirmed its Turkish national scale rating on Milli Re as “trAA”, effective from August 4, 2011. Standard & Poor’s advises that the rating reflects the Company’s leading competitive position in Turkey and its increasing international business. Maintaining its position as the market leader on the back of its long-standing professional experience, robust financial structure and successful operational performance, Milli Re will continue to offer its reinsurance capacity to local and international markets.

Headquarters
Isbankasi Kuleleri D:21 No:14 Levent Mahallesi Meltem Sokak Besiktas
Istanbul; Marmara; Postal Code: 34330

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Website: http://www.millire.com.tr

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
July 20, 1929
Key Executives
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Chairman
Ownership Details
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10.54%
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5.88%
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2.49%
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2.49%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
N/A
Total assets
99.69%
Investments
7.05%
Receivables
261.04%
Total equity
100.32%
Net Profit Trend
N/A

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