Added to YB: 2025-08-06
Pitch date: 2025-06-19
TURSG.IS [bullish]
Türkiye Sigorta A.S.
+52.27%
current return
Author Info
No bio for this author
Company Info
Türkiye Sigorta A.S. operates as a non-life insurance company in Turkey. It offers auto and non-auto accident, fire, transportation, engineering, health, agriculture, liability, financial losses, credit, and legal protection insurance products.
Market Cap
TRY 120.8B
Pitch Price
TRY 3.97
Price Target
15.00 (+148%)
Dividend
1.66%
EV/EBITDA
3.81
P/E
5.63
EV/Sales
1.18
Sector
Insurance
Category
value
Türkiye Sigorta A.S. - $TURSG.IS
TURSG.IS: Turkey's largest P&C insurer at 4x 2026E earnings & 1.1x book. Dominant market position (16% share) w/ best-in-class distribution via state banks. Shifting from mandatory to profitable discretionary lines. $1.5B float earning 40% nominal yields. Thesis works in both high inflation (competitors struggle) & normalizing scenarios (real float returns).
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