Business · Companies · 6 hrs ago
Türkiye Sigorta returns 1.6 billion lira in fund profits to TMSF
Türkiye Sigorta returned 1.6 billion lira to Turkey’s deposit insurance fund, TMSF.
The money came from profits on investments in funds that were being liquidated.
The company said an internal review found that some investments had followed regulations and its investment policy.
It said the profits were lawful but chose to return them voluntarily, citing its ethical principles and sense of fairness.
The repayment amount was calculated after adjusting the investment profits for inflation, using an average of two price indexes.
Türkiye Sigorta says it expects no further repayment or payment obligations related to these investments.
It said it would share any new developments with stakeholders and the public at the same time.
Türkiye Sigorta said it returned 1,599,887,908 lira in investment gains to Türkiye’s Savings Deposit Insurance Fund, known as TMSF.
The company said it made the payment voluntarily after internal reviews and discussions with TMSF and the Capital Markets Board.
The gains came from investments in some funds subject to liquidation and were made in line with the rules and the company’s investment policy at the time.
Türkiye Sigorta said it deducted the investment-period inflation effect, calculated using the average of two price indexes, from trading gains.
The company said it had no remaining balance in the funds as of September 30, 2026, and expected no further payment obligation related to the investments.
- Who
- Türkiye Sigorta AŞ returned the money to TMSF.
- What
- It returned 1,599,887,908 lira in gains from investments in some funds subject to liquidation.
- When
- The payment was announced on November 13, 2026.
- Where
- The money was deposited in TMSF’s account.
- Why
- The company said it decided on a voluntary return in line with its ethical principles and sense of fairness, after discussions with TMSF and the Capital Markets Board.
This story does not have two clearly opposing sides.
Türkiye Sigorta said it had no balance in the funds subject to liquidation.
The company referred to an earlier special disclosure about its balance in the funds.
Türkiye Sigorta said it deposited 1,599,887,908 lira in TMSF’s account.
- Return amount
- 1,599,887,908 lira
- Recipient
- Türkiye’s Savings Deposit Insurance Fund (TMSF)
- Payment date
- November 13, 2026
- Inflation adjustment
- Average of the Yİ-ÜFE and TÜFE indexes
- Funds balance
- None as of September 30, 2026
2 sources
What people are saying
The gains in question were in line with the regulations, but in accordance with our ethical principles and sense of fairness, and following discussions with TMSF and the Capital Markets Board, it was decided to return them voluntarily.