FINANCIAL HIGHLIGHTS
in Accordance with Turkish Accounting System ( TAS )
(Billion TL) 2002 2003 Growth %
Data      
Premiums Received 266,563 358,507 34.5
Technical Income 32,449 8,127 -75.0
General Expenses 18,132 24,035 32.6
Net Technical Income 14,317 -15,908 -211.1
Net Financial Income 29,856 63,080 111.3
Income Before Tax 44,173 47,172 6.8
Tax 15,926 5,942 -62.7
Net Income 28,247 41,230 46.0
Total Equity 154,088 237,723 54.3

Total Equity ( with net income )

182,335 278,953 53.0
Total Assets 301,973 441,779 46.3
Ratio      
Technical Income / Premiums Received 12.2 2.3 -9.9
General Expenses / Premiums Received 6.8 6.7 -0.1
Net Technical Income / Premiums Received 5.4 -4.4 -9.8
Net Technical Income / Income Before Tax 32.4 -33.7 -66.1
Net Financial Income / Income Before Tax 67.6 133.7 66.1
Net Income / Premiums Received 10.6 11.5 0.9
Net Income / Total Equity 18.3 17.3 -1.0
Net Income / Total Equity
(with net income)		 15.5 14.8 -0.7
Net Income / Total Assets 9.4 9.3 0.0
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