Turkiye Sigorta A.s. · BIST:TURSG
Turkiye Sigorta A.s — FY2025 Earnings Presentation
29 slides from Turkiye Sigorta A.s's earnings presentation, Jan 26, 2026
Slide 1: Earnings Presentation FY 2025 Results
Earnings Presentation FY 2025 Results 26 January 2026 Investor Relations, Türkiye Sigorta 1
Slide 2: Disclaimer
Disclaimer This presentation is prepared by Türkiye Sigorta A.Ş., based on general ideas and it is subject to change without notice. It is based on information obtained from sources that the Company believes to be reliable, but the Company does not guarantee the authenticity and completeness of info
Slide 3: Agenda
1 FY 2025 Key Takeaways 2 FY 2025 Performance Overview 3 Premium Production 4 Financial Results 5 Appendix 3
Slide 4: FY 2025 Key Takeaways: Disinflation-Ready Actuarial and Portfolio Management
FY 2025 Key Takeaways: Disinflation-Ready Actuarial and Portfolio Management 1 Unmatched, consistent and sustainable growth in both USD and real TL terms. Net income up 53% yoy in TL terms, up 27% yoy in USD terms, driven by below 100% combined ratio Remarkable Profitability – Real Growth in USD Ter
Slide 5: FY 2025 Performance Overview
1 FY 2025 Key Takeaways 2 FY 2025 Performance Overview 3 Premium Production 4 Financial Results 5 Appendix 5
Slide 6: Key Operational and Financial Metrics – FY 2025
Key Operational and Financial Metrics – FY 2025 2 Real & Healthy Growth Resilient Profitability Sustainable Investment Results Premium Net Income AuM TL147 bn USD3.7 bn TL19 bn USD0.5 bn TL81 bn USD1.9 bn up 45% yoy up 21% yoy up 53% yoy up 27% yoy up 50% yoy up 24% yoy Market Share Combined Ratio A
Slide 7: Key Metrics in a Nutshell
Key Metrics in a Nutshell 2 GWP Production (TL mn) → Real Growth Net Income (TL mn) → Robust Combined Ratio (%) → Sustained <100% Sector figures will be updated after the results are announced. +45% +53% 2024 2025 147,117 19,425 111 99 97 100% +46% 101,366 12,720 41,982 +65% 5,081 28,786 3,080 4Q24
Slide 8: Premium Production
1 FY 2025 Key Takeaways 2 FY 2025 Performance Overview 3 Premium Production 4 Financial Results 5 Appendix 8
Slide 9: Market Position Remains Strong
Market Position Remains Strong 3 68 firms in insurance market : 45 non-life, 19 life/pension, and 4 reinsurance Premiums in non-life insurance sector: TL1,044 bn ($24 bn) No1: Türkiye Sigorta; top 5: 48% of sector; top 10: 67% of sector Market Share and Segment Composition: 2025 1,044 Why Türkiye Si
Slide 10: Market Leadership with Margin-Accretive Growth
Market Leadership with Margin-Accretive Growth 3 Türkiye Sigorta Sector 2024 2025 2025 GWP Share in GWP Share in yoy Sector Market GWP Share in yoy Main Segments (TL bn) total (TL bn) total change Ranking Share (TL bn) total change TOTAL 101 100% 147 100% 45% 14% 1,044 100% 41% General Losses 28 27%
Slide 11: Differentiated Multi-Channel Distribution Platform
Differentiated Multi-Channel Distribution Platform 3 Sector 7% 9% ▪ Extensive reach powered by an Broker & 12% 14% Broker & 18% 19% 19% 19% other other integrated, multi-touchpoint sales ecosystem. 13% 14% 13% 13% 48% 46% Bank 45% 44% Bank ▪ Serving customers nationwide while deepening penetration t
Slide 12: Financial Results
1 FY 2025 Key Takeaways 2 FY 2025 Performance Overview 3 Premium Production 4 Financial Results 5 Appendix 12
Slide 13: All-Time High Net Income, Solid Capital Adequacy
All-Time High Net Income, Solid Capital Adequacy 4 Recorded a new net income high, with real premium growth continuing without interruption Net Income Capital Adequacy Ratio (CAR) TL mn +65% Min. CAR for Dividend Distribution: 135% Min. CAR for Legal Requirements: 115% 5,010 5,081 4,811 4,523 215 18
Slide 14: Earnings Mix: Resilience by Design
Earnings Mix: Resilience by Design 4 42,317 ▪ Premium production: Record volume delivered year-on- 2024 (TL mn) year, supporting broader access to insurance. 17,487 -24,554 12,720 ▪ Reserves: Provisions decreased year-on-year; -3,901 -1,293 -8,072 repositioning toward more profitable segments -9,264
Slide 15: Technical Profitability: Disciplined Execution Across Operations
Technical Profitability: Disciplined Execution Across Operations 4 Main segments TL mn ▪ Improved MTPL results in 2025 ▪ Loss in Agriculture due to frost in Q1 & Q2 2025 ▪ Accelerating digital transformation ▪ Optimizing claims costs & pricing Non-motor Motor Health quality ▪ Elevating service quali
Slide 16: Resilient Underwriting Discipline: Combined Ratio Sustained below 100%
Resilient Underwriting Discipline: Combined Ratio Sustained below 100% 4 Operational Efficiency: Prudent underwriting supports sustainable profitability. 2024 NON-MOTOR HEALTH MOTOR 2025 General Losses F&ND Accident MTPL MOD 156 95 124 77 71 92 92 55 63 64 Loss 12 11 0.6 0.5 Ratio (%) 20 40 43 12 12
Slide 17: AuM and Investment Overview
AuM and Investment Overview 4 We maintain a balanced risk–return profile through a flexible and proactive approach to portfolio management. Investment Income (TL mn) AuM Breakdown¹ +53% 1% 2% FX-Bank Deposits 26,676 5% 3% Eurobond ▪ Both yield and growth is 18% TL-Private Sector Bonds 17,487 above i
Slide 18: 2026 Strategic Priorities
2026 Strategic Priorities 4 Sustaining Market Leadership and Visionary Growth Maintaining the leading position with a forward-looking perspective Healthy Growth via Balanced Portfolio Management Channeling Savings into Economic Value Transforming Ensuring sustainable expansion through a diversified
Slide 19: ESG Initiatives Driving Operational Efficiency & Financial Returns
ESG Initiatives Driving Operational Efficiency & Financial Returns 4 ESG Initiative Financial Impact Metric ▪ AI-Powered claims (Bilge) ➢ Faster processing ➢ Expense ratio reduction ▪ Digital distribution ➢ Lower customer acquisition cost ➢ CAC reduction ▪ ESG theme ➢ ESG investor access ➢ Potential
Slide 20: ESG Performance Indicators
ESG Performance Indicators 4 Environmental Indicators (tCO2e) 2024 2025 Evaluation Training Programs (person*hour) 2023 2024 Evaluation Total Emissions (Scope 1+2+3) 6,227 311,211 * Personal Development Training 1,266 3,371 Total Emissions (Scope 1+2) 1,568 1,613 Sustainability Training 72 1,218 Emi
Slide 21: Türkiye Sigorta Indices & Ratings
Türkiye Sigorta Indices & Ratings 4 S&P CORPORATE SUSTAINALYTICS INDICES/ESG RATINGS ESG RATING FTSE4GOOD SUSTAINABILITY ASSESSMENT ESG RISK SCORING RANGE 0-100 0-100 0-5 0-40+ SCORE 76 42 2.6 29.9* Corporate Governance Rating 14.07.2021 25.10.2022 10.10.2023 31.12.2024 31.12.2025 Shareholders 95.93
Slide 22: Appendix
1 FY 2025 Key Takeaways 2 FY 2025 Performance Overview 3 Premium Production 4 Financial Results 5 Appendix 22
Slide 23: Income Statement
Income Statement 5 Income Statement (TL mn) 2022 2023 2024 2025 yoy Gross Written Premiums 25,173 59,518 101,366 147,117 45% - Premiums Transferred to the Reinsurer -11,797 -24,573 -52,177 -72,351 39% - Other -594 -1,145 -1,019 -1,297 27% - Unearned Premiums Provision -4,738 -12,944 -6,319 -13,581 1
Slide 24: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios 5 Summary Balance Sheet (TL mn) 2022 2023 2024 2025 yoy Cash and Cash Equivalents 9,034 31,547 25,228 11,163 -56% Banks 6,904 27,744 20,602 5,420 -74% Financial Assets 8,606 21,924 34,327 86,507 152% Receivables from Main Operations 4,536 11,330 19,005 31,482 66% Tangible
Slide 25: Quarterly and Cumulative GWP Production
Appendix 5 Quarterly GWP Production (TL mn) Cumulative GWP Production (TL mn) Premium Production 4Q24 1Q25 2Q25 3Q25 4Q25 qoq yoy 2024 3M25 6M25 9M25 2025 yoy General Losses 8,833 12,572 9,348 7,036 14,189 102% 61% 27,815 12,572 21,921 28,957 43,146 55% F&ND 5,721 10,259 8,017 7,781 8,057 4% 41% 25,
Slide 26: Quarterly and Cumulative Technical Profit
Appendix 5 Quarterly Technical Profit (TL mn) Cumulative Technical Profit (TL mn) Technical Profit 4Q24 1Q25 2Q25 3Q25 4Q25 qoq yoy 2024 3M25 6M25 9M25 2025 yoy General Losses 611 711 122 107 169 58% -72% 2,647 711 833 939 1,108 -58% F&ND 2,335 1,713 2,991 2,832 2,357 -17% 1% 8,321 1,713 4,705 7,537
Slide 27: Loss, Expense, Commission and Combined Ratios
Appendix 5 Loss Ratio Expense Ratio Commission Ratio Combined Ratio (Cumulative) (Cumulative) (Cumulative) (Cumulative) Segments 2024 9M25 2025 2024 9M25 2025 2024 9M25 2025 2024 9M25 2025 General Losses 55.4% 99.0% 95.3% 15.6% 14.2% 17.5% -27.8% -16.1% -17.8% 43.1% 97.1% 94.9% Non-motor F&ND 12.3%
Slide 28: Investor Kit and Contact Details
For the most recent earnings reports and notes INVESTOR KIT For further information: investor.relations@turkiyesigorta.com.tr Name Responsibility E-mail Phone Şahika Balbay Demiroğlu Director sahika.demiroglu@turkiyesigorta.com.tr +90 (212) 800 86 89 Recep Şahin Manager recep.sahin@turkiyesigorta.co
Slide 29: Sizin Kiymetinizi billiyoruz Kaynaklarimizi
Sizin 7 Kiymetinizi billiyoruz Kaynaklarimizi = sizi oldugunuz gibi iene Tirkiye'nn lider sigort ike olarak Gp [abullenmek Tipki bir Biz Sigortaciligin Milli Takimiyrz yenilikei ve diisiincelerinizin (SoM aTTEG META bakis acimizla stirekli glveni, si: eee deger oldugunu size o3 Paes takim ruhu siird