Agesa Hayat Ve Emeklilik A.s. · BIST:AGESA
Agesa Hayat Ve Emeklilik A.s — FY2025 Earnings Presentation
16 slides from Agesa Hayat Ve Emeklilik A.s's earnings presentation, Feb 13, 2025
Slide 1: AgeSA Financial Results
AGESA 2025 2Q25RESULTS FINANCIAL FINANCIAL RESULTS April 30, 2025 February 13, 2025 Şirkete Özel
Slide 2: Strategic execution for resilient and profitable growth
Strategic execution for resilient and profitable growth Leadership position in both Pension and Life… Strengthened fundamentals… • #1 position among private companies; • Strong and exclusive bancassurance partnership with Akbank • Private Pension AuM: 19.2% m.s. • Scaling productivity and enhancing
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. 2025: 31% 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 Pension
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. 2025: 31% IFRS Net Profit Local Net Profit (Management Reporting, TL mn) (TL mn) CAGR 21-24: YoY 25: QoQ: CAGR 21-24: YoY 25: QoQ: 95% 72% 3% 86% 77% 2% 11%* 13%* *Exc. One off-tax regulation
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. 2025: 31% Technical Profit G&A, Expense Ratio Net Technical Profit (TL mn) (TL mn, %) (TL mn) CAGR 21-24: YoY 25: CAGR 21-24: YoY 25: CAGR 21-24: YoY 25: 87% 72% 87% 53% 86% 94% Expense ratio=(G&A)/(Managem
Slide 6: Strategic product mix driving scalable profitability
Strategic product mix driving scalable profitability CAGR Inf. 21-24: 58% YoY Inf. 2025: 31% Pension Technical Profit Credit Life Technical Profit RoP & Savings Technical Profit (TL mn) (TL mn) (TL mn) CAGR 21-24: YoY 25: CAGR 21-24: YoY 25: CAGR 21-24: YoY 25: 94% 55% 93% 95% 79% 64% Management Şir
Slide 7: Pension
Pension Sustainable growth and scaling ambitions CAGR Inf. 21-24: 58% YoY Inf. 2025: 31% Pensions AuM including State Contribution Private Pension Fund Mix (TL mn) CAGR 21-24: YoY 25: 74% 76% 401,782 228,335 141,528 390,191 390 43,502 75,640 136,681 220,328 bTL 42,094 72,758 2021 2022 2023 2024 2025
Slide 8: Life
Life Sustainable growth fueled by multi-distribution channel model CAGR Inf. 21-24: 58% YoY Inf. 2025: 31% Credit Linked GWP RoP&Savings B/S Asset Volume (TL mn) (USD mn) CAGR 21-24: YoY 25: CAGR 21-24: YoY 25: 99% 84% 27% 30% 844 13,689 144 651 522 101 7,424 393 62 319 32 700 3,560 31 550 460 1,538
Slide 9: Operating leverage driving scalable and profitable growth
Operating leverage driving scalable and profitable growth CAGR Inf. 21-24: 58% YoY Inf. 2025: 31% Technical Profit & G&A Expense Ratio (TL mn) (%) 46.0% 45.4% 47.0% 42.7% 39.2% YoY 25: 72% CAGR 21-24: YoY 25: 87% 54% 2021 2022 2023 2024 2025 CAGR 21-24: 12,903 Expense ratio=(Opex)/(Management Report
Slide 10: Optimizing returns with prudent risk management
Optimizing returns with prudent risk management CAGR Inf. 21-24: 58% YoY Inf. 2025: 31% Investment and Other Income (TL mn) Shareholders’ Asset Portfolio 2025 CAGR 21-24: YoY 25: 110% 54% Total: 13.457mTL Derived from IFRS. differs from PL “Total Investment Income & Other” line excluding financial a
Slide 11: Robust capital management and efficient capital allocation
Robust capital management and efficient capital allocation CAGR Inf. 21-24: 58% YoY Inf. 2025: 31% Shareholders’ Equity & RoE Solvency Dividend payment (TL mn, %) (%) (TL mn) CAGR 21-24: YoY 25: YoY 25: 79% 74% 233% Management Şirkete Özel Reporting: IFRS Financials excluding inflation accounting ef
Slide 12: Summary P&L from Segmental Reporting
Summary P&L from Segmental Reporting1 YoY Inf. 2025: 31% (TL mn) 2024 2025 YoY 3Q25 4Q25 QoQ Credit-Linked Life 7,424 10,688 84% 3,986 3,903 -2% RoP & Savings 6,528 10,166 56% 2,697 2,951 9% 94% growth in net technical profit, after G&A Other Life & Personal Accident 365 518 42% 134 71 -47% expenses
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 12M 2024 12M 2025 12M 2024 12M 2025 12M 2024 12M 2025 12M 2024 12M 2025 12M 2024 12M 2025 50 % 48 % 82 % 44 % 46 % PVNBP (m TL) 97,391 146,232 74,688 110,332 8,189
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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