Türkiye Insurance returned its fund earnings to SDIF

A statement was made by Türkiye Sigorta AŞ on the Public Disclosure Platform.

In the statement, it was stated that the company does not have a balance in the funds subject to liquidation as of September 30, 2026. In the reviews carried out within the company, covering the year 2025, it was announced that the funds in question were invested in accordance with the company policy and profits were made. It was stated that it was decided to return the earnings, which were stated to be in compliance with the legislation, on a voluntary basis, as a result of the negotiations with SDIF and CMB.

The statement continued with the following statements:

"The refunded amount and the refund procedure were determined as a result of the negotiations with SDIF and CMB and based on our Company's own calculation. Accordingly, after deducting the inflation effect of (D-PPI + CPI) / 2 from the purchase-sale gain from the funds in question, the remaining 1 billion 599 million 887 thousand 908 TL, corresponding to the investment period, was determined as the gain 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. Our Company's legal rights regarding this payment are reserved. Developments on the subject will continue to be shared with all our stakeholders simultaneously."

FORMER GENERAL MANAGER AND DEPUTY GENERAL MANAGER WERE ARRESTED

As a result of the investigation of Türkiye Sigorta's money inflows and outflows in Tera Investment funds, it was claimed that illegal profits were made in the funds due to the high transaction volume. It was also claimed that personal transactions were made on Tera Group and that money was illegally received in return for Türkiye Sigorta investing in the fund.