Brief: Ak Sigorta FY Consolidated Net Result Turns To Loss Of 127.3 Million Lira

AK Sigorta

14/02/2023 05:34

Feb 14 (Reuters) - AK SIGORTA  AKGRT.IS :
    * SAID ON MONDAY FY CONSOLIDATED NON-LIFE TECHNICAL INCOME
OF 6.56
BILLION LIRA VS 4.24 BILLION LIRA YEAR AGO
    * FY CONSOLIDATED NET LOSS OF 127.3 MILLION LIRA VERSUS
PROFIT OF
189.4 MILLION LIRA YEAR AGO
    * SAYS COMPANY HAS ENOUGH FINANCIAL POWER TO COVER LOSSES OF
INSURED DUE TO EARTHQUAKES
    * EXPECTS CO'S DAMAGE COMPENSATION RESERVE FUND THAT COVERS
CATASTROPHIC RISKS TO COVER THE DAMAGES AND THESE DAMAGES TO NOT
HAVE NEGATIVE IMPACT ON EQUITY AND BALANCE SHEET PROFITABILITY
IN 2023

        
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