In this study, a financial ratio analysis was conducted to evaluate the financial performance of the Turkish insurance sector during the period 2020-2023. The analysis examined significant financial indicators under the headings of liquidity and asset quality, capital adequacy, profitability, operational efficiency, and collection capability to identify general trends in the sector. By scrutinizing changes in financial ratios, the study determined overall industry trends. Based on the findings related to risk management, policy structure, liquid assets, cash position, and loss/premium ratios within insurance companies, recommendations were proposed for shaping future strategies of the sector.