Turkiye Sigorta A.s. · BIST:TURSG
Turkiye Sigorta A.s — Q3 2025 Earnings Presentation
26 slides from Turkiye Sigorta A.s's earnings presentation, January 2026
Slide 1: Earnings Presentation 3Q25 Results
Earnings Presentation 3Q25 Results 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 Key Takeaways 2 Key Operational and Financial Metrics 3 Premium Production 4 Financial Results 5 Appendix 3
Slide 4: Key Takeaways
Key Takeaways 1 1 2 Record Profitability Sustained Strong Growth & Market Leadership • Net income 3Q25: ₺5 bn with a 63% yoy increase (consensus: ₺4.8 bn) • #1 in Premium Production: ₺105 bn with 45% yoy increase, surpassed 2024 • Net income 9M25: ₺14.3 bn with a 49% yoy increase • #1 in Market Shar
Slide 5: Key Operational and Financial Metrics
1 Key Takeaways 2 Key Operational and Financial Metrics 3 Premium Production 4 Financial Results 5 Appendix 5
Slide 6: Key Operational and Financial Metrics (9M25)
Key Operational and Financial Metrics (9M25) 2 Real & Healthy Growth Real & Strong Profitability Robust Investment Results Premiums Net Income AuM² ₺105bn ₺14.3bn ₺76bn Market Share Sector Ranking #1 Combined Ratio ROAE¹ AuM Growth AuM Yield 14% 98% 55% 42% #1 General Losses #1 F&ND #1 Accident #4 H
Slide 7: Key Metrics in a Nutshell
Key Metrics in a Nutshell 2 GWP Production (₺ mn) Real Growth Net Income (₺ mn) Resilient Combined Ratio (%) Sustained <100% +45% +49% 105,135 14,344 97.9 97.7 72,580 9,640 +63% +46% 5,010 32,456 22,170 3,071 3Q24 3Q25 9M24 9M25 3Q24 3Q25 9M24 9M25 9M24 9M25 Technical Profit (₺ mn) Financial
Slide 8: Premium Production
1 Key Takeaways 2 Key Operational and Financial Metrics 3 Premium Production 4 Financial Results 5 Appendix 8
Slide 9: Market Positioning in 9M25
Market Positioning in 9M25 3 There are 68 firms in insurance market : 45 non-life, 19 life/pension, and 4 reinsurance Premiums in non-life insurance sector: ₺731 bn ($17.6 billion) . Health Non-motor Motor Market Share Total Premiums (₺ bn) #1: Türkiye Sigorta 731 Top 5: 47% of sector Top 10: 67% of
Slide 10: Positioning in Premium Segments: 9M25
Positioning in Premium Segments: 9M25 3 as of 09.2024 as of 09.2025 GWP Share in GWP Share in Sector Market Main Segments ΔYoY (₺ bn) total (₺ bn) total Ranking Share Focus on maintaining profitability through TOTAL 72.6 100% 105.1 100% 45% 14% cost efficiency and bargaining power while General Lo
Slide 11: Unique Sales Channel
Unique Sales Channel 3 Direct Agency Bank Broker & other Sector 9% 58% 13% 19% Strong customer reach 9M24 through multi-channel and TS 17% 28% 43% 12% extensive sales network Stable and sustainable production performance Sector 8% 60% 13% 19% 2024 driven by effective TS 16% 27% 45% 12% managemen
Slide 12: Financial Results
1 Key Takeaways 2 Key Operational and Financial Metrics 3 Premium Production 4 Financial Results 5 Appendix 12
Slide 13: Net Income: Record profit levels
Net Income: Record profit levels 4 Recorded a new net income high; continued uninterrupted real premium growth trend. Net Income Capital Adequacy Ratio (CAR) ₺ mn Min. CAR for Dividend Distribution: 135% Min. CAR for Legal Requirements: 115% 5,010 4,811 4,523 Net Income 185% 194% 191% 3,527 181% Gro
Slide 14: P&L Distribution: Resilience
P&L Distribution: Resilience 4 30,890 9,640 9M24 (₺ mn) Net income: Outperformed expectations, reinforcing 12,309 -16,227 financial resilience -2,801 -518 -7,445 Premium production: Demonstrated strong and -6,568 sustainable growth, while conserving rich diversification 43,333 Reserves: Delive
Slide 15: Technical Profit: Continuous excellence in operational management
Technical Profit: Continuous excellence in operational management 4 Main segments ₺ mn Strong technical results in non-motor and health segments supported by an organic growth trend Maintained stability in technical profitability during the first nine months despite two frost events and discount
Slide 16: Underwriting Breakdown: Combined Ratio Sustained <100%
Underwriting Breakdown: Combined Ratio Sustained <100% 4 Operational Efficiency: Underwriting policies are balancing caution and profitability 9M24 NON-MOTOR HEALTH MOTOR 9M25 General Losses F&ND Accident MTPL MOD 149 140 99 94 89 77 73 51 63 62 Loss 13 11 0.4 0.4 Ratio (%) 16 20 40 41 12 12 9 8 8 9
Slide 17: MTPL & Health Combined Ratio Track Record
Türkiye Sigorta: MTPL & Health Combined Ratio Track Record 4 MTPL Combined & Loss Ratio Health Combined & Loss Ratio 260% 100% 200% 193% 130% 242% 90% 180% 110% 210% 80% 160% 181% 143% 218% 140% 90% 70% 165% 174% 153% 157% 160% 60% 120% 109% 108% 149% 109% 107% 64% 65% 70% 156% 103% 163% 50% 100% 65
Slide 18: AuM: Uplifting Scale with Bilateral Hedging Mechanism
AuM: Uplifting Scale with Bilateral Hedging Mechanism 4 We maintain a balanced risk–return profile through a flexible and proactive approach to portfolio management. Investment Income AuM Breakdown² (₺ mn) (cumulative) 6,932 7,283 1% 2% FX-Bank Deposits 2% Investment 5% 3% 5% Eurobond 5,927 5,178 In
Slide 19: Appendix
1 Key Takeaways 2 Key Operational and Financial Metrics 3 Premium Production 4 Financial Results 5 Appendix 19
Slide 20: Income Statement
Income Statement 5 Income Statement (₺ mn) 2023 2024 9M24 9M25 YoY Gross Written Premiums 59,518 101,366 72,580 105,135 45% - Premiums Transferred to the Reinsurer -24,573 -52,177 -38,384 -53,156 38% - Other -1,145 -1,019 -755 -905 20% - Unearned Premiums Provision -12,944 -6,319 -3,067 -7,999 161%
Slide 21: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios 5 Summary Balance Sheet (₺ mn) 2023 2024 9M24 9M25 YoY Cash and Cash Equivalents 31,547 25,228 24,525 13,513 -45% Banks 27,744 20,602 20,219 8,576 -58% Financial Assets 21,924 34,327 30,960 83,677 170% Receivables from Main Operations 11,330 19,005 18,445 33,622 82% Tangib
Slide 22: Quarterly and Cumulative GWP Production
Appendix 5 Quarterly GWP Production (₺ mn) Cumulative GWP Production (₺ mn) Premium Production 3Q24 4Q24 1Q25 2Q25 3Q25 QoQ YoY 9M24 2024 1Q25 1H25 9M25 YoY General Losses 3,660 8,833 12,572 9,348 7,036 -25% 92% 18,982 27,815 12,572 21,921 28,957 53% F&ND 6,149 5,721 10,259 8,017 7,781 -3% 27% 19,80
Slide 23: Quarterly and Cumulative Technical Profit
Appendix 5 Quarterly Technical Profit (₺ mn) Cumulative Technical Profit (₺ mn) Technical Profit 3Q24 4Q24 1Q25 2Q25 3Q25 QoQ YoY 9M24 2024 1Q25 1H25 9M25 YoY General Losses 387 611 711 122 107 -13% -72% 2,036 2,647 711 833 939 -54% F&ND 2,385 2,335 1,713 2,991 2,832 -5% 19% 5,985 8,321 1,713 4,705
Slide 24: Loss, Expense, Commission and Combined Ratios
Appendix 5 Loss Ratio Expense Ratio Commission Ratio Combined Ratio (Cumulative) (Cumulative) (Cumulative) (Cumulative) Segments 9M24 2024 9M25 9M24 2024 9M25 9M24 2024 9M25 9M24 2024 9M25 General Losses 51.2% 55.4% 99.0% 13.1% 15.6% 14.2% -24.7% -27.8% -16.1% 39.7% 43.1% 97.1% Non-motor F&ND 13.1%
Slide 25: Investor Kit and Contact
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 26: Sizin
Sizin Kiymetinizi billiyoruz Karena sizi oldugunuz gibi Rg | Gp 2bullenmek Tipki bir Biz Sigortacilgin Mil Takimryz. yenilikei ve diisiincelerinizin eames akis acimuzia siirekli Uvenl, Bim Snegrve tp e deger oldugunu size inti duyulan he land: as} ig! oo ee ay ruhu siirdirriileb ile caligirz. \siyan