Aksigorta Gains After Saying Four Month Premiums Rose 16 Percent

Aksigorta AS (AKGRT), a Turkish insurer jointly owned by Haci Omer Sabanci Holding AS (SAHOL) and Ageas (AGS) of Belgium, rose in Istanbul after reporting premiums in the first four months increased 16 percent over a year earlier.

The shares gained 1.6 percent to 1.91 liras at 10:15 a.m. in Istanbul, snapping three days of losses.

Premiums in the period rose to 480 million liras ($262 million) from 413 million liras in the same period a year ago, Aksigorta said in a filing with the stock exchange after the close on May 25.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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