AK Sigorta AS
Aksigorta A.S. provides various life and non-life insurance products and services to retail and corporate customers in Turkey. It operates through Fire, Transportation, Motor (Automobile Insurance), Motor vehicles Liability (Compulsory Traffic), Other Accident, Engineering, Agriculture, Health, and Life segments. The company offers comprehensive car, motor third party liability, traffic, home, co… Read more
AK Sigorta AS (AKGRT) - Net Assets
Latest net assets as of September 2025: TL7.18 Billion TRY
Based on the latest financial reports, AK Sigorta AS (AKGRT) has net assets worth TL7.18 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL29.88 Billion) and total liabilities (TL22.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL7.18 Billion |
| % of Total Assets | 24.03% |
| Annual Growth Rate | 3.6% |
| 5-Year Change | 260.03% |
| 10-Year Change | 536.94% |
| Growth Volatility | 40.17 |
AK Sigorta AS - Net Assets Trend (2006–2023)
This chart illustrates how AK Sigorta AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AK Sigorta AS (2006–2023)
The table below shows the annual net assets of AK Sigorta AS from 2006 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL3.24 Billion | +66.53% |
| 2022-12-31 | TL1.94 Billion | +85.16% |
| 2021-12-31 | TL1.05 Billion | -6.56% |
| 2020-12-31 | TL1.12 Billion | +24.96% |
| 2019-12-31 | TL898.67 Million | +25.17% |
| 2018-12-31 | TL717.96 Million | +14.12% |
| 2017-12-31 | TL629.10 Million | +56.17% |
| 2016-12-31 | TL402.84 Million | +15.55% |
| 2015-12-31 | TL348.64 Million | -31.37% |
| 2014-12-31 | TL507.98 Million | -4.64% |
| 2013-12-31 | TL532.69 Million | +25.75% |
| 2012-12-31 | TL423.60 Million | +5.16% |
| 2011-12-31 | TL402.81 Million | +8.39% |
| 2010-12-31 | TL371.64 Million | -86.08% |
| 2009-12-31 | TL2.67 Billion | +48.69% |
| 2008-12-31 | TL1.80 Billion | -31.97% |
| 2007-12-31 | TL2.64 Billion | +48.89% |
| 2006-12-31 | TL1.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to AK Sigorta AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 206.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.19 Billion | 36.69% |
| Other Components | TL2.05 Billion | 63.31% |
| Total Equity | TL3.24 Billion | 100.00% |
AK Sigorta AS Competitors by Market Cap
The table below lists competitors of AK Sigorta AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACRES COM.RE.CORP.DL-001
F:R9L
|
$104.37 Million |
|
Apator S.A.
WAR:APT
|
$104.38 Million |
|
Radium Development Berhad
KLSE:5313
|
$104.38 Million |
|
Yao Sheng Electronic Co Ltd
TWO:3207
|
$104.41 Million |
|
Pha Lai Thermal Power JSC
VN:PPC
|
$104.33 Million |
|
Hua Eng Wire & Cable Co Ltd
TW:1608
|
$104.26 Million |
|
Hi-Clearance
TWO:1788
|
$104.25 Million |
|
SB Financial Group Inc
NASDAQ:SBFG
|
$104.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AK Sigorta AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,942,877,079 to 3,235,515,845, a change of 1,292,638,766 (66.5%).
- Net income of 1,150,606,227 contributed positively to equity growth.
- New share issuances of 3,463,617 increased equity.
- Other factors increased equity by 138,568,922.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL1.15 Billion | +35.56% |
| Share Issuances | TL3.46 Million | +0.11% |
| Other Changes | TL138.57 Million | +4.28% |
| Total Change | TL- | 66.53% |
Book Value vs Market Value Analysis
This analysis compares AK Sigorta AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL2.06 | TL8.20 | x |
| 2018-12-31 | TL2.35 | TL8.20 | x |
| 2019-12-31 | TL2.94 | TL8.20 | x |
| 2020-12-31 | TL3.67 | TL8.20 | x |
| 2021-12-31 | TL3.43 | TL8.20 | x |
| 2022-12-31 | TL1.21 | TL8.20 | x |
| 2023-12-31 | TL2.01 | TL8.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AK Sigorta AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 35.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.11%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 6.53x
- Recent ROE (35.56%) is above the historical average (11.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 4.19% | 15.72% | 0.22x | 1.18x | TL-103.02 Million |
| 2007 | 4.34% | 19.15% | 0.20x | 1.16x | TL-149.36 Million |
| 2008 | 2.90% | 9.38% | 0.23x | 1.33x | TL-127.53 Million |
| 2009 | 1.31% | 5.16% | 0.21x | 1.23x | TL-231.94 Million |
| 2010 | 0.40% | 0.22% | 0.66x | 2.78x | TL-35.69 Million |
| 2011 | 7.95% | 3.74% | 0.71x | 3.01x | TL-8.25 Million |
| 2012 | 11.49% | 5.03% | 0.76x | 2.99x | TL6.31 Million |
| 2013 | 11.39% | 5.67% | 0.69x | 2.90x | TL7.41 Million |
| 2014 | 5.71% | 2.26% | 0.78x | 3.23x | TL-21.77 Million |
| 2015 | -38.99% | -10.77% | 0.67x | 5.39x | TL-170.81 Million |
| 2016 | 11.96% | 3.45% | 0.68x | 5.10x | TL7.88 Million |
| 2017 | 20.19% | 7.17% | 0.65x | 4.31x | TL64.08 Million |
| 2018 | 31.70% | 9.41% | 0.69x | 4.90x | TL155.82 Million |
| 2019 | 40.77% | 12.38% | 0.64x | 5.13x | TL276.49 Million |
| 2020 | 38.50% | 12.48% | 0.62x | 5.00x | TL320.05 Million |
| 2021 | 18.05% | 4.07% | 0.63x | 7.04x | TL84.47 Million |
| 2022 | -6.55% | -1.76% | 0.56x | 6.61x | TL-321.63 Million |
| 2023 | 35.56% | 9.11% | 0.60x | 6.53x | TL827.05 Million |
Industry Comparison
This section compares AK Sigorta AS's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $31,450,324,781,286
- Average return on equity (ROE) among peers: 17.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AK Sigorta AS (AKGRT) | TL7.18 Billion | 4.19% | 3.16x | $104.37 Million |
| Agesa Hayat ve Emeklilik AS (AGESA) | $1.69 Billion | 51.73% | 50.80x | $227.49 Million |
| Anadolu Anonim Turk Sigorta Sti (ANSGR) | $94.35 Trillion | 0.00% | 1.52x | $668.84 Million |
| Ray Sigorta AS (RAYSG) | $51.51 Million | 0.00% | 4.14x | $46.99 Million |