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Aksigorta Gains After Saying Four Month Premiums Rose 16 Percent

Aksigorta AS, a Turkish insurer jointly owned by Haci Omer Sabanci Holding AS and Ageas 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.

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