Equity Growth at Maher Holding Sigorta Grubu was 160% in 2019

Mr. Levent Uluçeçen, CEO of Maher Holding, stated that Quick Sigorta and Corpus Sigorta within the Holding resulted in significant growth in equity increase in 2019 and said that “According to the financial results of 2018, the total equity capitals of Quick Sigorta and Corpus Sigorta were 81.8 Million TL and 12.9 Million TL, respectively and the total amount of the Group was 94.7 Million TL. When the figures are analyzed by companies, Quick Sigorta achieved an equity growth of 157%, while Corpus Sigorta increased its equity by 181%. The total equity growth of the group was 160% and the total amount reached 246.2 Million TL.”

Mr. Levent Uluçeçen, CEO of Maher Holding, stated that both insurance companies achieved tremendous success in structuring and growth in 2019. Mr. Uluçeçen stated that Quick Sigorta attained leadership in some insurance branches and types, and Corpus Sigorta rapidly completed its restructuring process and started to grow and added, “The total equity of Maher Yatırım Holding Insurance Group reached 246.2 Million TL as of 31/12/2019. The total equity of Quick Sigorta, the first insurance sector investment of the group, was 209.9 Million TL and the equity amount of Corpus Sigorta, the second investment of the group, was 36.2 Million TL.”

Mr. Levent Uluçeçen stated that equity growth is the key indicator of healthy growth and structuring in a comany, and added, “According to the financial results of 2018, the total equity capitals of Quick Sigorta and Corpus Sigorta were 81.8 Million TL and 12.9 Million TL, respectively and the total amount of the Group was 94.7 Million TL. When the figures are analyzed by companies, Quick Sigorta achieved an equity growth of 157%, while Corpus Sigorta increased its equity by 181%. The total equity growth of the group was 160% and the total amount reached 246.2 Million TL.”

Stating that the group achieved a high equity growth of 160%, Mr. Levent Uluçeçen said, “Despite all the challenging conditions, we will continue to work towards increasing our equity at a much higher rate in 2020 compared to 2019. I would like to thank all my colleagues who contributed to this success. The 2020 target set by Maher Yatırım Holding is to increase the equity of the Insurance Group from 246.2 TL to 750 Million TL.”