SDIF opened a refund account: Türkiye Sigorta refunded the 'fund earnings'

Türkiye Sigorta AŞ stated that 1 billion 599 million 887 thousand 908 TL was determined as the earnings to be refunded and the refund amount was deposited to the Savings Deposit Insurance Fund (TMSF) account today.

Türkiye Sigorta AŞ, whose senior officials were named in the fund investigation, made a statement on the subject via the Public Disclosure Platform.

The statement included the following statements:

"As a result of the comprehensive internal audit and review studies carried out by our Company for a while and the negotiations with the SDIF and the Capital Markets Board (CMB), the following issues are presented to the public. As stated in our special situation statement dated October 7, 2026, our Company does not have a balance in the funds subject to liquidation as of September 30, 2026. However, the internal audit studies carried out have been deepened to cover the year 2025 and our Company has transferred some of the funds in question in accordance with the legislation in force on the relevant dates and our Company's It has been determined that it made investments in accordance with its investment policy and earned profits from these investments. Although the earnings in question are in compliance with the legislation, it has been decided to return them on a voluntary basis in accordance with our Company's ethical principles and understanding of equity and as a result of negotiations with TMSF and CMB.

The refunded amount and the refund procedure were determined as a result of negotiations with SDIF and CMB and based on our Company's own calculations. Accordingly, the remaining 1 billion 599 million 887 thousand 908 TL after deducting the inflation effect of (D-PPI + CPI) / 2 corresponding to the investment period from the trading gains obtained from the funds in question was determined as the earnings to be refunded and the refund amount was deposited to the SDIF account today. It is envisaged that our Company has no other refund and/or payment obligations regarding the investments made in the said funds. Our company's legal rights regarding this payment are reserved. "Developments on the subject will continue to be shared with the public simultaneously with all our stakeholders."