Anadolu Hayat Emeklilik A.s. · BIST:ANHYT
Anadolu Hayat Emeklilik A.s — Investor Presentation (June 2026)
47 slides from Anadolu Hayat Emeklilik A.s's investor presentation, June 2026
Slide 1: Investor Presentation
Investor Presentation Istanbul, Türkiye – June 2026
Slide 2: Agenda
Agenda 1. Türkiye at a Glance 2. Our Markets • Private Pension System • Life Insurance 3. Corporate Profile 4. Financial Results 2
Slide 3: Türkiye at a Glance
Türkiye at a Glance
Slide 4: Growing Economy / Urgent Need to Increase Domestic Savings
Türkiye at a Glance Growing Economy / Urgent Need to Increase Domestic Savings GDP Average Annual Growth* 7% 6% 5% 4% 3% 2% 1% 0% 1990-1999 2000-2009 2010-2019 2020-2025 Türkiye OECD Euro-19 Domestic Saving Rate (% of GDP)* Weight of Pension Funds in Household Savings (TRY billion)** 36% 30.000 8% 3
Slide 5: Demographic Opportunity Window
Türkiye at a Glance Demographic Opportunity Window Population by Age 2025 2050 9,0% 8,0% Population (millions) : 86.1 93.8 7,0% 6,0% Median Age : 34.9 44.8 5,0% 4,0% Fertility : 1.48* 1.40** 3,0% 2,0% Proportion of Elderly Population : 11.1% 23.1% 1,0% 0,0% 2026 May Population 15 Years And Over 2025
Slide 6: Our Markets
Our Markets Private Pension System Life Insurance
Slide 7: Private Pension System: Positioned in Pillar III
Our Markets Private Pension System: Positioned in Pillar III Three-Pillar System Pillar I Pillar II Pillar III State Pension Occupational Private Pension Mandatory Pension Voluntary Securing a minimum Workplace Pensions Opportunity to standard of living with Auto Enrolment increase retirement starte
Slide 8: Pillar III Private Pension System: Important Features
Our Markets Pillar III Private Pension System: Important Features Funds are managed by Started in 2003. asset management 15 companies in 2026. companies. Defined contribution and Minimum retirement age: 56 voluntary participation. Completion of 10 years. Participants can switch funds, Incentives for
Slide 9: Pillar III Private Pension System: Well Designed Structure
Our Markets Pillar III Private Pension System: Well Designed Structure Regulation Administration Monitoring Capital Markets Pension Pension Board (SPK) Accounts Monitoring Center Administered by (EGM) Ministry of Treasury Pension and Finance Companies ISE Settlement and Custody Ministry
Slide 10: Pillar III Private Pension System: Incentives
Our Markets Pillar III Private Pension System: Incentives For Participants For Employers Contribution Stage Investment Stage Income Tax Benefits Employer contributions are • Contributions with a cap of • Investment income of deductible from tax base up to • Withholding tax applies annual legal minim
Slide 11: Pillar III Private Pension System: Charging Structure
Our Markets Pillar III Private Pension System: Charging Structure Management Fee / Entrance Fee Fund Management Fee First 5 years of the contracts No change in fund management fee levels. A new rebate structure came into force in 2021. Maximum limit: 8.5% of the Fund Management Fees (Annual) monthly
Slide 12: Pillar III Private Pension System: Fast Growing System
Our Markets Pillar III Private Pension System: Fast Growing System Pension AUM Growth (TRY billion) Number of Participants (Thousands) 2500 YOY 5% 12000 YOY 55% CAGR 9% 2000 10000 1500 8000 1000 6000 CAGR 73% 500 4000 0 2000 2021 2022 2023 2024 2025 2025 Q2 2026 Q2 AUM State Contribution 0 2021 2022
Slide 13: Milestones and Pending Regulations
Our Markets Pillar III Private Pension System : Milestones and Pending Regulations Milestones January 2022 May 2021 July 2021 BEFAS Participants State Auto January 2017 Private State January 2013 October 2001 (Pension under the contribution Pension contribution Enrollment Fund Trading age of 18 was
Slide 14: Pillar III Private Pension System: Big Growth Potential
Our Markets Pillar III Private Pension System: Big Growth Potential Pension Funds as a Percentage of GDP 0% 25% 50% 75% 100% 125% 150% 175% 200% 225% Denmark Pension Participants (Pillar III) Iceland Social Security Participants Switzerland 10.3 Million 26.2 Million Netherlands Canada United States
Slide 15: Pillar III Private Pension System: Key Highlights
Our Markets Pillar III Private Pension System: Key Highlights Total Amount of Contributions Distribution of Contributions Key Figures by Contract Type by Marketing Channel Participants : 10.30 Million Individual Participant Funds : TRY 1,972.9 Billion 85% State Contribution Funds : TRY 275.4 Million
Slide 16: Private Pension System: Pension Funds
Our Markets Private Pension System: Pension Funds* Reverse Repo; Public 5% Borrowing; 13% Equities; 17% Nominal & Real Investment Return of Pension Funds 81% Others; 22% 65% 61% Precious 43% 48% Metals and 27% 28% 23% Capital Market 11% 15% 13% 14% 12% 10% 5% 8% Instruments 2% 3% 0% 2% Based on nter
Slide 17: Auto Enrolment: Basic Features
Our Markets Auto Enrolment: Basic Features* Automatic Minimum State contribution: enrolment of contribution • 20% on contributions current and new amount • 500 TRY initial bonus • 5% of assets at employees set as annuity phase %3 of monthly wage Structural changes Gradual Simplified and implementati
Slide 18: Auto Enrolment System: Incentives
Our Markets Auto Enrolment System: Incentives For Participants Contribution Stage Investment Stage Retirement Stage • Additional state contribution equal to 5% of • Contributions with a cap of annual legal • Investment income of auto enrolment funds savings at retirement date is provided in minimum
Slide 19: Auto Enrolment System: Charging Structure
Our Markets Auto Enrolment System: Charging Structure Management Fee / Entrance Fee Fund Management Fee No management or entrance fee. Fund management fee level is capped. According to the Law enacted in Annual Fund Management Fee is August 2016, no management or capped at a maximum of 0.85%. entran
Slide 20: Auto Enrolment - New Target Market
Our Markets Auto Enrolment - New Target Market WORKFORCE Social Security Participants (4a&4c) : 23.2 Million* Social Security Participants: 26.2 Million* Employed : 32.5 Million** Work Force : 35.3 Million** *Social Security Institution April, 2026 **Turkish Statistics Institute May, 2026 20
Slide 21: Life Insurance: Underpenetrated Market
Our Markets Life Insurance: Underpenetrated Market Life insurance market has great potentials in Türkiye. Türkiye’s life insurance market is extremely Insurance Premium per Capita (USD) underpenetrated as life premiums’ weight in GDP is only Global Comparison (2024) 1/20 of OECD average. Low penetra
Slide 22: Life Insurance GWP
Our Markets Life Insurance Life Insurance GWP (by Product Category) Life Insurance Total GWP (TRY million) 160.000.000.000 160.000,00 159.000,00 151,688 YOY (TOTAL) : 82% 140.000.000.000 158.000,00 157.000,00 156.000,00 155.000,00 154.000,00 153.000,00 Term Life : 66% 152.000,00 151.000,00 150.000,0
Slide 23: Corporate Profile
Anadolu Hayat Emeklilik Corporate Profile 23
Slide 24: At a Glance
Anadolu Hayat Emeklilik At a Glance Life and Private Private Pension Established in 1990 as a subsidiary of İşbank Contracts** AHE Mobile*** Pension Funds* 4 Million 3.3 Million users TRY 463 Billion First life insurance company in Türkiye The first publicly traded Life & Pension Company since
Slide 25: At a Glance
Anadolu Hayat Emeklilik At a Glance* Headquartered in Istanbul I Organization 12 District Sales Offices Branch Office in TRNC HQ and Regions : 665 II Human Resources Direct Sales Team : 499 Total : 1,163 Total Assets : TRY 481,924 Million Shareholders’ Equity : TRY 13,020 Milion III Financial Metric
Slide 26: Financial Highlights
Anadolu Hayat Emeklilik Financial Highlights (TRY Million) 2024 2025 Change(%) 2025 Q2 2026 Q2 Change (%) Total GWP and Net Contributions 40,045.4 73,884.7 85% 29,864.5 46,017.4 54 Life Mathematical Provisions 26,775.5 43,114.5 61% 34,928.1 49,779.0 43 Pension AUM 217,286.4 377,537.6 74% 270,074.5 4
Slide 27: Distribution Network
Anadolu Hayat Emeklilik Distribution Network 51 District Sales Offices 431 Agencies 997 Branches 651 Licensed Intermediaries 2,220 Licensed Intermediaries 308 Licensed Tele-Sales Agents Private Pensions New Business Channel Mix (Contributions) – 2026 Q2 Tele Sales 5.3% Agency İşbank 26.7% İşbank (Br
Slide 28: Company Portfolio
Anadolu Hayat Emeklilik Company Portfolio Company Portfolio Size (TRY Millions) Investment Corporate Bonds 696 Funds; 20.70% Investment Funds 3,029 Corporate Goverment Bonds 8,228 Demand Bonds; 4.80% Deposits; 0.30% Time Deposit 2,612 Goverment Bonds; 56.30% Time Deposit; Takas Bank Money Market - S
Slide 29: Strong Market Positioning in Private Pensions
Anadolu Hayat Emeklilik Strong Market Positioning in Private Pensions Participants (Pillar III) Assets Under Management (Pillar III) (TRY million) 16% 17% 16% 16% 17% 16% 17% 18% 17% 18% 17% 18% 18% 18% Market Share YOY 10% Market Share 1,784,343 450.000,00 1.835.000,00 1.830.000,00 1.825.000,00 1.8
Slide 30: Strong Market Positioning in Private Pensions
Anadolu Hayat Emeklilik Strong Market Positioning in Private Pensions Participants (Auto Enrolment) Assets Under Management (Auto Enrolment) (TRY million) 13% 14% 15% 15% 16% 15% 16% 11% 12% 13% 14% 14% 14% 15% Market Share Market Share YOY 8% YOY 54% 22,250 25.000,00 1.800.000,00 CAGR 12% 1,616,556
Slide 31: Strong Market Positioning in Life Insurance
Anadolu Hayat Emeklilik Strong Market Positioning in Life Insurance Life Insurance GWP (TRY million) Term Life GWP (TRY million) 17% 13% 15% 12% 14% 10%* 8% 13% %11 13% 13% 12% 10% 11% Market Share* Market Share* 12,555.4 14.000,00 25.000,00 20,673.8 12.000,00 20.000,00 10.000,00 CAGR 85% YOY 31% YO
Slide 32: Statutory Financials
Anadolu Hayat Emeklilik Statutory Financials Life Technical Profit (TRY million) Pension Technical Profit (TRY million) 700,00 651,7 YOY 23% 600,00 501,3 3.500,00 CAGR 37% 500,00 461.4 2,912.9 3.000,00 CAGR 36% 374.1 YOY 108% 2,345.5 400,00 2.500,00 CAGR 75% 289,6 300,00 2.000,00 1,631.8 192,7 1.500
Slide 33: Statutory Financials
Anadolu Hayat Emeklilik Statutory Financials Net Distributable Profit / Dividend to Shareholders (TRY Million) Dividend Payout Ratio (%) 7000 6000 5,827 5000 4,265 64 4000 3,500 59 60 2,737 3000 2,500 2000 1.307 37 36 1000 686 500 1000 440 0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Cash Div
Slide 34: Statutory Financials
Anadolu Hayat Emeklilik Statutory Financials Technical Profit / Operating Expenses (TRY Million) Operating Expenses – 2026 Q2 12.000,00 10,200.2 10.000,00 Employee Benefit Expenses 29% 8.000,00 6,906.0 6,290.2 6.000,00 4,598.7 Administration Expenses 4.000,00 3,564.1 14% 3,075.7 2,803.8 Commission E
Slide 35: Summary of Income Statement
Anadolu Hayat Emeklilik Statutory Financials Summary of Income Statement (mio TRY) 2021 2022 2023 2024 2025 CAGR 2025 Q2 2026 Q2 YOY Non-Life Technical Profit / Loss -1.85 -5.82 -2.53 -0.87 -0.54 - -4.18 -3.02 - Life Technical Profit / Loss* 310.22 429.61 941.76 1,631.76 2,912.90 75% 1,129.61 2,345.
Slide 36: Pension Technical Profit
Anadolu Hayat Emeklilik Statutory Financials Pension Technical Profit (mio TRY) 2021 2022 2023 2024 2025 CAGR 2025 Q2 2026 Q2 YOY Pension Technical Income 617.53 980.63 1,870.45 3,729.31 5,725.98 75% 2,559.74 4,120.70 61% 1- Fund Management Income 449.91 726.86 1,261.49 2,256.48 3,371.08 65% 1,441.8
Slide 37: Life Technical Profit
Anadolu Hayat Emeklilik Statutory Financials Life Technical Profit (mio TRY) 2021 2022 2023 2024 2025 CAGR 2025 Q2 2026 Q2 YOY Life Technical Income 3,890.02 5,766.66 12,333.30 16,104.88 27,898.23 64% 13,268.12 16,427.15 24% 1- Earned Premiums (Net of Reinsurer Share) 1,909.07 3,188.25 6,264.38 11,0
Slide 38: APPENDICES
LAL ta Vis tit tthe SSS SV~~ APPENDICES ZF ANADOLU HAYAT EMEKLILIK
Slide 39: Lines of Business
Anadolu Hayat Emeklilik Lines of Business Lines of Business Pension Funds Conservative Balanced Dynamic Aggressive Non- Employer Income Private Individual Sponsored Sponsored Drawdown Pension Plans Group Group Plans Plans Plans • Money Market • Bond • First Debt • Equity • Participation • Mixed Inst
Slide 40: Awards
Anadolu Hayat Emeklilik Awards Kristal Elma Awards 2026 AHE Sailing Team İyi Gelecek Membership (Sefo) campaign received two BASİSEN Tenis Tournament 2026 awards at the 38th Kristal Elma Awards, one of Türkiye’s Our AHE Sailing Team achieved first place in the overall standin most prestigious advert
Slide 41: Awards
Anadolu Hayat Emeklilik Awards GC Elite Türkiye Awards 2026 Brandverse Awards 2026 Our colleagues achieved remarkable success at the GC Elite Türkiy İyi Gelecek Membership (Sefo) campaign received two awards at the e 2026 Awards, which recognize the achievements and expertise of Brandverse Awards 20
Slide 42: Awards
Anadolu Hayat Emeklilik Awards Digital Reputation Report 2025 Top 100 Talent 2026 According to the 2025 results of the Digital Reputation Report (DİR-100), prepared in Our Master-Apprentice program won first place in the insurance c collaboration with InBusiness Magazine and 18.45 Communication Agen
Slide 43: Digital Transformation and Customer Experience
Anadolu Hayat Emeklilik Financial Systems Integrated BI and Reporting Excellence In Customer Experience / Robust Infrastructure Transformation (GL / FAH) Platform (Atlas) Operational Hardware Architecture Digitalization Excellence Insurance Applications Transformation (Exadata) Transformation Commis
Slide 44: Sustainability
Sustainability Corporate Social Responsibility International and Local Memberships Employee Experience* • Since 2007, we have been organizing the photo • Female employee rate 56%* • The first and only UNEP-FI member of Turkish insurance • Female employees in management 48%** contest "Shot's From Lif
Slide 45: Sustainability
Sustainability Anadolu Hayat Emeklilik enters BIST Report Compliant with TSRS Report Compliant with GRI Standards Sustainability Trainings Sustainability Index We continue to be in the index, which we We offered our employees a We publish our Integrated Annual Reports in We have published our second
Slide 46: Sustainability
Sustainability Effective governance structure in sustainability activities… Senior level commitment in sustainability management... 46
Slide 47: www.anadoluhayat.com.tr
www.anadoluhayat.com.tr investorrelations@anadoluhayat.com.tr DISCLAIMER The information in this document has been obtained by Anadolu Hayat Emeklilik A.Ş. from sources believed to be reliable, however, Anadolu Hayat Emeklilik A.Ş. cannot guarantee the accuracy, completeness or correctness of such i
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