Agesa Hayat Ve Emeklilik A.s. · BIST:AGESA
Agesa Hayat Ve Emeklilik A.s — Q3 2025 Earnings Presentation
16 slides from Agesa Hayat Ve Emeklilik A.s's earnings presentation, Nov 3, 2025
Slide 1: AGESA 3Q25 Financial Results
AGESA 3Q25 2Q25RESULTS FINANCIAL FINANCIAL RESULTS April 30, 2025 November 3, 2025 Şirkete Özel
Slide 2: Strategic execution for resilient and profitable growth
Strategic execution for resilient and profitable growth Agesa maintained its leadership in both Pension AuM and Life & PA premium Agesa’s net profit grew significantly due to robust technical profits from all production among private companies thanks to significant growth across all business lines c
Slide 3: Strong growth driven by diversified portfolio and unique distribution model
Strong growth driven by diversified portfolio and unique distribution model CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% robust growth with new participants and returns strong growth in terms of GWP with strong and increased focus on pension, steady increase in # of diversified products customers Pens
Slide 4: Robust profitability fueled by solid and sustainable core business performance
Robust profitability fueled by solid and sustainable core business performance CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% IFRS Net Profit Local Net Profit (Management Reporting, TL mn) (TL mn) CAGR 21-24: YoY 9M25: QoQ: CAGR 21-24: YoY 9M25: QoQ: 95% 76% 13% 86% 86% 5% Management Reporting: IFRS Fin
Slide 5: Resilient net technical profitability with balanced product mix
Resilient net technical profitability with balanced product mix CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% Technical Profit G&A, Expense Ratio Net Technical Profit (TL mn) (TL mn, %) (TL mn) CAGR 21-24: YoY 9M25: CAGR 21-24: YoY 9M25: CAGR 21-24: YoY 9M25: 87% 72% 87% 55% 86% 93% Expense ratio=(G&A)
Slide 6: Strategic product mix driving scalable profitability
Strategic product mix driving scalable profitability CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% Pension Technical Profit Credit Life Technical Profit RoP & Savings Technical Profit (TL mn) (TL mn) (TL mn) CAGR 21-24: YoY 9M25: CAGR 21-24: YoY 9M25: CAGR 21-24: YoY 9M25: 94% 53% 93% 102% 79% 60% Mana
Slide 7: Pension
Pension Sustainable growth and scaling ambitions CAGR Inf. 21-24: 58% Pensions AuM including State Contribution Private Pension Fund Mix YoY Inf. 9M 25: 33,3% (TL mn) CAGR 21-24: YoY 9M25: 74% 60% 346,549 228,335 141,528 335,926 336 75,640 220,328 43,502 136,681 bTL 42,094 72,758 2021 2022 2023 2024
Slide 8: Life
Life Sustainable growth fueled by multi-distribution channel model CAGR Inf. 21-24: 58% Credit Linked GWP RoP&Savings B/S Asset Volume YoY Inf. 9M 25: 33,3% (TL mn) (USD mn) CAGR 21-24: YoY 9M25: CAGR 21-24: YoY 9M25: 99% 83% 27% 28% 792 9,785 651 619 134 7,424 522 101 96 393 62 5,360 319 32 3,560 3
Slide 9: Operating leverage driving scalable and profitable growth
Operating leverage driving scalable and profitable growth CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% Technical Profit & G&A Expense Ratio (TL mn) (%) 46.0% 45.4% 47.0% 42.7% 39.3% YoY 9M25: 72% CAGR 21-24: YoY 9M25: 87% 55% 2021 2022 2023 2024 9M 25 CAGR 21-24: 9,072 Expense ratio=(Opex)/(Management
Slide 10: Optimizing returns with prudent risk management
Optimizing returns with prudent risk management CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% Investment and Other Income (TL mn) Shareholders’ Asset Portfolio 9M 25 CAGR 21-24: YoY 9M25: 110% 58% Total: 11.424mTL Derived from IFRS. differs from PL “Total Investment Income & Other” line excluding finan
Slide 11: Robust capital management and efficient capital allocation
Robust capital management and efficient capital allocation CAGR Inf. 21-24: 58% YoY Inf. 9M 25: 33,3% Shareholders’ Equity & RoE Solvency Dividend payment (TL mn, %) (%) (TL mn) CAGR 21-24: YoY 9M25: YoY 9M25: 79% 74% 233% Management Şirkete Özel Reporting: IFRS Financials excluding inflation accoun
Slide 12: Summary P&L from Segmental Reporting
Summary P&L from Segmental Reporting1 (TL mn) 9M 24 9M 25 YoY 2Q25 3Q25 QoQ Credit-Linked Life 5,360 9,785 83% 3,344 3,986 19% RoP & Savings 4,611 7,215 56% 2,369 2,697 14% 93% growth in net technical profit, after G&A Other Life & Personal Accident 306 441 44% 95 134 41% expenses and 76% growth in
Slide 13: Solvency II Value of New Business
Solvency II Value of New Business Şirkete Özel
Slide 14: Diversified business model supporting value growth
Diversified business model supporting value growth Solvency II Total** Pension* Credit-linked Life* ROP & Savings* Other Life & PA* w/RW 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 42 % 33 % 83 % 69 % 50 % PVNBP (m TL) 66,244 94,165 50,768 67,293 5,832 10,661 9,32
Slide 15: Disclaimer
Disclaimer The information in this presentation has been prepared by AgeSA Hayat ve Emeklilik A.Ş. (the “Company”) solely for use at a presentation concerning the Company, its proposed listing on the Borsa İstanbul. This presentation does not constitute or form part of, and should not be construed a
Slide 16: Thank you
Thank you Şirkete Özel
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