Agesa Hayat Ve Emeklilik A.s. · BIST:AGESA
Agesa Hayat Ve Emeklilik A.s — Q2 2026 Earnings Presentation
17 slides from Agesa Hayat Ve Emeklilik A.s's earnings presentation, Aug 6, 2026
Slide 1: AGESA 2Q 2026 Financial Results
AGESA 2Q 2026 2Q25RESULTS FINANCIAL FINANCIAL RESULTS April 30, 2025 August 6, 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: 19.3% 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. 6M26: 32% 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. 6M26: 32% IFRS Net Profit Local Net Profit (Management Reporting, TL bn) (TL bn) CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: 82% 52% 81% 60% *Exc. One off-tax regulation change with regards t
Slide 5: Robust profitability fueled by solid and sustainable core business performance (USD)
Robust profitability fueled by solid and sustainable core business performance IFRS Net Profit Local Net Profit (Management Reporting, USD mn) (USD mn) CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: 36% 28% 35% 35% *Exc. One off-tax regulation change with regards to inflation accounting Management Repo
Slide 6: Resilient net technical profitability with balanced product mix
Resilient net technical profitability with balanced product mix CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Technical Profit G&A, Expense Ratio Net Technical Profit (TL bn) (TL bn, %) (TL bn) CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: 88% 47% 76% 37% 104% 56% Expense ratio=(G&A)/(
Slide 7: Strategic product mix driving scalable profitability
Strategic product mix driving scalable profitability CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Pension Technical Profit Credit Life Technical Profit RoP & Savings Technical Profit (TL bn) (TL bn) (TL bn) CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: 93% 57% 113% 38% 64% 50% Managem
Slide 8: Pension
Pension Sustainable growth and scaling ambitions CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Pensions AuM including State Contribution Private Pension Fund Mix (TL bn) CAGR 22-25: YoY 6M26: 74% 53% 448 402 228 434 142 390 434 bnTL 76 220 137 12M Fund Return 73 Agesa ~39% 2022 2023 2024 2025 6M 2026 Sect
Slide 9: Life
Life Sustainable growth fueled by multi-distribution channel model CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Credit Linked GWP RoP&Savings B/S Asset Volume (TL bn) (USD mn) CAGR 22-25: YoY 6M26: CAGR 22-25: YoY 6M26: 106% 49% 29% 25% 13.7 844 925 8.6 651 150 7.4 144 5.8 522 393 101 3.6 62 32 700 775 1
Slide 10: Operating leverage driving scalable and profitable growth
Operating leverage driving scalable and profitable growth CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Technical Profit & G&A Expense Ratio (TL bn) (%) 45.4% 47.0% 42.7% 39.2% 37.5% YoY 6M26: CAGR 22-25: 47% 88% 2022 2023 2024 2025 6M 2026 YoY 6M26: CAGR 22-25: 12.9 37% Expense ratio=(Opex)/(Management R
Slide 11: Optimizing returns with prudent risk management
Optimizing returns with prudent risk management CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Investment Income (TL bn) Shareholders’ Asset Portfolio 6M 26 CAGR 22-25: YoY 6M26: 73% 58% Total: 15.8 bnTL ~38% Annualized Average Return Derived from IFRS. differs from PL “Total Investment Income” line exclud
Slide 12: Robust capital management and efficient capital allocation
Robust capital management and efficient capital allocation CAGR Inf. 22-25: 58% YoY Inf. 6M26: 32% Shareholders’ Equity & RoE Solvency Dividend payment (TL bn, %) (%) (TL bn) CAGR 22-25: YoY 6M26: YoY 6M26: 78% 73% 25% Management Şirkete Özel Reporting: IFRS Financials excluding inflation accounting
Slide 13: Summary P&L from Segmental Reporting
Summary P&L from Segmental Reporting1 (TL mn) 6M25 6M26 YoY 1Q26 2Q26 QoQ Credit-Linked Life 5,799 8,632 48% 3,699 4,934 33% 56% growth in net technical profit, after G&A RoP & Savings 4,517 6,611 46% 3,191 3,421 7% expenses and 52% growth in net profit. Other Life & Personal Accident 307 458 49% 28
Slide 14: Solvency II Value of New Business
Solvency II Value of New Business Şirkete Özel
Slide 15: Diversified business model supporting value growth
Diversified business model supporting value growth Solvency II Total** Pension* Credit-linked Life* ROP & Savings* w/RW 6M 2025 6M 2026 6M 2025 6M 2026 6M 2025 6M 2026 6M 2025 6M 2026 35 % 32 % 47 % 40% PVNBP (m TL) 55,176 74,464 39,242 51, 707 6,332 9,326 9,256 12,992 36 % 15 % 48 % 29 % VNB (m TL)
Slide 16: 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 17: Thank you
Thank you Şirkete Özel
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