Abstract

The study analysed the financial data of 8 insurance companies traded in the BIST-500 insurance index for 2013-2022 using TOPSIS, VIKOR, and MOORA methods with 18 criteria. The study aims to guide decision-makers and investors by revealing the financial status of insurance sector companies. As a result of the analysis, the financial performance rankings of the companies showed differences according to the three methods. According to the financial performance ranking made by TOPSIS, VIKOR, and MOORA methods, the results show differences when the leverage ratio is evaluated at maximum. The results are similar when the leverage ratio is assessed as a minimum. No company achieved the best and worst performance rankings in the periods evaluated.

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