Agesa Hayat Ve Emeklilik A.s. · BIST:AGESA
Agesa Hayat Ve Emeklilik A.s — Q1 2026 Earnings Presentation
16 slides from Agesa Hayat Ve Emeklilik A.s's earnings presentation, Apr 30, 2026
Slide 1: AgeSA 1Q 2026 Financial Results
AGESA 1Q 2026 2Q25RESULTS FINANCIAL FINANCIAL RESULTS April 30, 2025 April 30, 2026 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: 19.4% 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. 22-25: 58% YoY Inf. 3M26: 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. 22-25: 58% YoY Inf. 3M26: 31% IFRS Net Profit Local Net Profit (Management Reporting, TL mn) (TL mn) CAGR 22-25: YoY 3M26: CAGR 22-25: YoY 3M26: 82% 52% 81% 57% *Exc. One off-tax regulation change with regards t
Slide 5: Resilient net technical profitability with balanced product mix
Resilient net technical profitability with balanced product mix CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Technical Profit G&A, Expense Ratio Net Technical Profit (TL mn) (TL mn, %) (TL mn) CAGR 22-25: YoY 3M26: CAGR 22-25: YoY 3M26: CAGR 22-25: YoY 3M26: 88% 53% 76% 43% 104% 64% Expense ratio=(G&A)/(
Slide 6: Strategic product mix driving scalable profitability
Strategic product mix driving scalable profitability CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Pension Technical Profit Credit Life Technical Profit RoP & Savings Technical Profit (TL mn) (TL mn) (TL mn) CAGR 22-25: YoY 3M26: CAGR 22-25: YoY 3M26: CAGR 22-25: YoY 3M26: 93% 53% 113% 44% 64% 70% Managem
Slide 7: Pension
Pension Sustainable growth and scaling ambitions CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Pensions AuM including State Contribution Private Pension Fund Mix (TL mn) CAGR 22-25: YoY 3M26: 74% 69% 441,603 401,782 228,335 429 141,528 390,191 429,124 bTL 75,640 220,328 136,681 72,758 2022 2023 2024 2025
Slide 8: Life
Life Sustainable growth fueled by multi-distribution channel model CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Credit Linked GWP RoP&Savings B/S Asset Volume (TL mn) (USD mn) CAGR 22-25: YoY 3M26: CAGR 22-25: YoY 3M26: 107% 51% 29% 27% 13,689 879 844 651 144 689 140 7,424 522 101 105 393 62 3,560 3,699
Slide 9: Operating leverage driving scalable and profitable growth
Operating leverage driving scalable and profitable growth CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Technical Profit & G&A Expense Ratio (TL mn) (%) 45.4% 47.0% 42.7% 39.2% 39.6% YoY 3M26: CAGR 22-25: 53% 88% 2022 2023 2024 2025 3M 26 YoY 3M26: CAGR 22-25: 12,903 43% Expense ratio=(Opex)/(Management R
Slide 10: Optimizing returns with prudent risk management
Optimizing returns with prudent risk management CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Investment and Other Income (TL mn) Shareholders’ Asset Portfolio 3M 26 CAGR 22-25: YoY 3M26: 75% 33% Total: 13,229mTL Derived from IFRS. differs from PL “Total Investment Income & Other” line excluding financial
Slide 11: Robust capital management and efficient capital allocation
Robust capital management and efficient capital allocation CAGR Inf. 22-25: 58% YoY Inf. 3M26: 31% Shareholders’ Equity & RoE Solvency Dividend payment (TL mn, %) (%) (TL mn) CAGR 22-25: YoY 3M26: YoY 3M26: 78% 77% 25% Management Şirkete Özel Reporting: IFRS Financials excluding inflation accounting
Slide 12: Summary P&L from Segmental Reporting
Summary P&L from Segmental Reporting1 CAGR Inf. 22-25: 58% 3M25 3M26 YoY YoY Inf. 3M26: 31% Credit-Linked Life 2,455 3,699 51% RoP & Savings 2,148 3,191 49% 64% growth in net technical profit, after G&A Other Life & Personal Accident 212 284 34% expenses and 52% growth in net profit. Total Gross Wri
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 3M25 3M26 3M25 3M26 3M25 3M26 3M25 3M26 3M25 3M26 41 % 43 % 46 % 31% 30 % PVNBP (m TL) 30,363 146,232 22,062 31,497 2,753 4,026 5,335 7,011 234 303 31 % 18 % 48 %
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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