Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR
Anadolu Anonim Turk Sigorta Sirketi A.s — Anadolu Sigorta — Q2 2025 Earnings Presentation
17 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Aug 5, 2025
Slide 1: Anadolu Sigorta 2Q25 Financial Results
ANADOLU SİGORTA 2Q25 Financial Results 5 August 2025 Fund Management and Investor Relations Department 1
Slide 2: Highlights
Highlights • Real growth: Anadolu 6M25 premium volume is at a strong TL 44,5 bn, (+41%y/y vs. 35% June infl.) Profitability • Real profitability: Trailing Twelve Month solo RoAE stands at 36,4% (Consolidated 49,8%) • Technical profitability supports overall profitability Technical Outlook • Quarterl
Slide 3: Non-Life Insurance Market
Non-Life Insurance Market Premium Production1 (TL mn) 6M24 6M25 Y/Y(%) Non-Life - Market Shares Competitor 1 Competitor 1 50.411 72.679 44,2 14,6% Competitor 2 37.946 54.722 44,2 Other 32,2% Anadolu Sigorta 31.545 44.469 41,0 Competitor 2 Competitor 3 25.876 39.622 53,1 11,0% Competitor 4 17.453 25.
Slide 4: Premium Volume and Composition
Premium Volume and Composition OTHER Anadolu Sigorta GWP (TL mn) Non-Life Sector GWP1 (TL mn) 20% MOTOR 37% 6M24 6M25 Y/Y (%) 6M24 6M25 Y/Y (%) ANSGR TL 44,5 bn HEALTH 23% MTPL 5.647 8.016 42,0 92.380 143.916 55,8 FIRE 20% MOD 6.868 8.622 25,5 50.400 65.722 30,4 Fire and 6.724 8.948 33,1 57.845 79.0
Slide 5: Market Share & Rank
Market Share & Rank1 Rank Market Share Market Share BRANCHES 6M25 6M25 6M24 MOD 1 13,1% 13,6% Watercraft 1 26,5% 24,7% Transportation 1 16,0% 15,6% Aircraft 2 12,3% 29,8% Aircraft Liability 2 13,7% 21,4% Accident 2 8,7% 7,2% General Liability 2 12,8% 10,6% Fire 3 11,3% 11,6% General Losses 3 6,2% 6,
Slide 6: Sales Channels
Sales Channels Premium Production – Anadolu Premium Production1 – Sector 50.000 TL mn 600.000 TL mn 45.000 9% 500.000 40.000 11% 16% 35.000 400.000 18% 30.000 10% 13% 16% 12% 25.000 16% 300.000 -1 14% 15% 20.000 200.000 14% 15.000 62% 59% 10.000 60% 100.000 55% 5.000 0 0 6M24 6M25 6M24 6M25 Agency B
Slide 7: Branch Outlook
Branch Outlook1 Total Portfolio Q/Q improvement Fire and Nat. Disasters 111,1% 110,7% 108,7% 131,1% 102,0% 103,9% 108,7% 117,3% 115,4% 114,8% 107,3% 96,6% 70,7% 105,4% QUARTERLY COMBİNED RATİO CUMULATİVE COMBİNED RATİO - TTM QUARTERLY COMBİNED RATİO CUMULATİVE COMBİNED RATİO - TTM 2Q24 3Q24 4Q24 1Q2
Slide 8: Technical Profitability – Long-term Perspective
Technical Profitability – Long-term Perspective Claims Ratio (%) 6M24 6M25 Combined Ratio (%) 6M24 6M25 MOD 57,6% 53,9% MOD 81,6% 83,1% MTPL 98,6% 111,4% MTPL 126,6% 140,3% Fire 44,7% 69,0% Fire 87,9% 122,0% Health 92,8% 84,9% Health 121,6% 108,0% Accident 10,4% 12,1% Accident 72,1% 66,9% General Lo
Slide 9: Investment Portfolio
Investment Portfolio Commodity Equity & Venture 11% Bonds Capital 24% 2% In 2Q2025: AuM at TL 63,9 bn Investment Income1 TL 9,5 bn Hedge as of 2Q2025 Funds 7% Portfolio Return 17% Short Term Interest Instruments 56% ‣TL 58,5 bn at 1Q2025 (1) Excludes TL 500 mn Anadolu Hayat dividend Fund Management
Slide 10: Income Statement – 2Q25 (TL mn)
Income Statement – 2Q25 (TL mn) Q/Q Y/Y 2Q24 1Q25 2Q25 Q/Q Y/Y Income Statement 2Q24 1Q25 2Q25 (%) (%) (Kons.) (Kons.) (Kons.) (%) (%) Tech. Income (1) 9.901 13.025 15.427 18 56 9.901 13.025 15.427 18 56 Tech. Expenses -10.093 -14.392 -16.762 16 66 -10.093 -14.392 -16.762 16 66 Net Financial Inc. +
Slide 11: Income Statement - 6M25 (TL mn)
Income Statement - 6M25 (TL mn) 6M24 6M25 P&L 6M24 6M25 Y/Y (%) Y/Y (%) (Cons.) (Cons.) Tech. Income (1) 19.021 28.452 50 19.021 28.452 50 Tech. Expenses -19.244 -31.154 62 -19.244 -31.154 62 Net Financial Inc. + Other Exp. (2) 7.124 8.963 26 7.368 8.968 22 Gross Profit 6.901 6.261 -9 7.145 6.266 -1
Slide 12: Growth Performance
Growth Performance Total Assets (TL mn) Tech. Reserves (TL mn) 111.881 61.907 96.198 51.342 58.368 35.982 20,6% 16,3% 30.706 20.438 16.776 10.779 2021 2022 2023 2024 6M25 2021 2022 2023 2024 6M25 Assets Under Management (TL mn) Shareholders' Equity (TL mn) 30.656 31.510 63.870 55.524 32.026 15,1% 14
Slide 13: Net Profit (TL mn)
Net Profit (TL mn) -4% Technical Earnings -2.702 5.438 5.216 Investment and Dividend Income 9.375 Amortization & Depreciation -103 Provisions and Other Income -428 Rediscount 230 Tax -1.156 Net Profit 5.216 6M24 6M25 Fund Management and Investor Relations Department 13
Slide 14: Net Profit Drivers (TL mn)
Net Profit Drivers (TL mn) 5.438 397 5.216 300 418 1.142 -2.479 6M24 Net Profit Underwriting Investment Tax Dividend Other 6M25 Net Profit Fund Management and Investor Relations Department 14
Slide 15: Strong RoE Generation
Strong RoE Generation 100% 90% 80% 75,2% 70% 64,2% 58,4% 60% 48,5% 49,8% 50% 40% 36,2% 36,4% Given Anadolu’s strong RoE 30% 23,9% 24,5% performance, Anadolu Sigorta trades at 17,4% 20% undemanding P/B valuations both in relative and absolute terms, 10% 0% 2021 2022 2023 2024 6M25-TTM RoAE - Solo RoA
Slide 16: Disclaimer
Disclaimer This presentation contains forward-looking statements and information on the business development of Anadolu Sigorta. These statements may be spoken or written and can be recognized by terms such as “expects”, “anticipates”, “intends”, “plans”, “seeks” or words with similar meaning. These
Slide 17: Thanks
THANKS Fund Management and Investor Relations Department 17