Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR
Anadolu Anonim Turk Sigorta Sirketi A.s — Anadolu Sigorta — FY2025 Earnings Presentation
26 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, January 2026
Slide 1: Anadolu Sigorta Investor Presentation 2025
ANADOLU SİGORTA INVESTOR PRESENTATION 2025 Fund Management and Investor Relations Department 1
Slide 2: Content
CONTENT Market Overview _________________ 3 Company Overview ______________ 8 Financial Highlights _________________ 18 2 Fund Management and Investor Relations Department 2
Slide 3: Market Overview
Market Overview Fund Management and Investor Relations Department 3
Slide 4: Sector Data
Sector Data1 Insurance Market 2025 Premium Production (TL bn) (TL bn) 41% 1.044,1 Life Number of Companies 178,9 15% 70% 738,6 Non Life 50 Life 19 110% 429,2 Reinsurance 4 Non-Life 1044,1 Total 73 85% 204,2 178,9 99,9 30,9 56,7 Non-Life Life 2022 2023 2024 2025 Non-Life Life (1) Association of Insur
Slide 5: Non-Life Trends in the Sector
Non-Life Trends in the Sector Non-Life Premium Per Person 283 Premium Per Premium / GDP 12.128 2024 Person 244 (%) (USD) 171 8.622 USA 7,8 6.688 146 144 133 UK 3,8 1.991 116 116 117 119 5.029 Switzerland 4,0 4.167 Poland 1,6 393 690 868 1033 OECD 5,1 2.516 515 503 611 2.394 Turkey 1,6 251 2016 2017
Slide 6: Non-Life Insurance Market
Non-Life Insurance Market Premium Production1 (TL mn) 2024 2025 Y/Y(%) Non-Life - Market Shares Competitor 1 Competitor 1 101.366 147.117 45,1 14,1% Competitor 2 82.334 115.385 40,1 Other 32,5% Anadolu Sigorta 69.589 97.883 40,7 Competitor 2 Competitor 3 61.084 90.255 47,8 11,1% Competitor 4 35.171
Slide 7: Penetration Ratios
Penetration Ratios1 EARTHQUAKE INSURANCE HEALTH INSURANCE • ~20 million houses • 85,6 million Population • 58% of houses are insured • 14% of population has health insurance TRAFFIC INSURANCE MOD INSURANCE • 33 million vehicles • 33 million vehicles • 78% of vehicles are insured • 26% of vehicles ar
Slide 8: Company Overview
Company Overview Fund Management and Investor Relations Department 8
Slide 9: Pioneering Turkish Insurance for a Century
Pioneering Turkish Insurance for a Century • Established in 1925, on the 1949, Karaköy initiative of Mustafa Kemal headquarters Atatürk, founder of Turkish Republic 1956, Computer automation introduced • First national insurance company 1986, First 1987, electronical Initiation of device agricultura
Slide 10: Widespread National Network
Widespread National Network 10 İstanbul (2) Regional Samsun Branches Bursa Trabzon Ankara İzmir 1 Overseas Branches Konya Antalya Gaziantep Adana 1 Sales Office N. Cyprus 3,139Professional Agencies 997 Isbank Branches ~16% working exclusively with Anadolu Working exclusively with Anadolu Fund Manage
Slide 11: Ratings & Certificates
Ratings & Certificates Fitch Fitch National Insurer Financial Strength Insurer Financial Strength SAHA Corporate Governance Rating: AA+(tur) Rating: BB Rating 9,61/ 10 Outlook: Stable Outlook: Stable ISO 9001 ISO 9001 Sustainability Quality Management System Customer Satisfaction Management Sustaina
Slide 12: Shareholder Structure – 2025
Shareholder Structure – 2025 Paid-in Capital Stake Milli Reasürans Türk Anonim Şirketi 1.146.200.422,92 57,31% Trakya Yatırım Holding A.Ş. 140.056.244 7,00% Other 713.743.333,08 35,69% Total 2.000.000.000 100,0% IPO rate: ~48% Mcap (31.12.2025) : TL46,4 bn Free float: ~35% Capital (31.12.2025): TL2,
Slide 13: Highlights
Highlights • Real growth: Anadolu 2025 premium volume is at a strong TL 97.9 bn, (+40,7%y/y vs. 30,9% 2025 infl.) Profitability • Real profitability: Twelve Month solo RoAE stands at 35,4% (Consolidated 45,3%) • Discount rate applied to reserves reduced by 1 ppts to 29%: TL 417 mn gross, TL 312 mn n
Slide 14: Premium Volume and Composition
Premium Volume and Composition Anadolu Sigorta Non-Life Sector1 OTHER Cumulative (TLmn) 2024 2025 Y/Y (%) 2024 2025 Y/Y (%) 20% MOTOR MOD 14.994 18.970 26,5 112.591 147.568 31,1 ANSGR 39% MTPL 13.644 19.564 43,4 219.477 309.816 41,2 TL97,8 bn Health 12.690 20.012 57,7 136.585 211.869 55,1 HEALTH 20%
Slide 15: Sales Channels
Sales Channels Premium Production – Anadolu Premium Production1 – Sector 120.000 TL mn 1.200.000 TL mn 100.000 1.000.000 9,7% 8,9% 17,2% 80.000 13,8% 800.000 14,3% 10,5% 12,7% 9,1% 60.000 13,7% 600.000 16,9% -1 14,7% 12,6% 40.000 400.000 63,0% 60,3% 20.000 62,6% 200.000 60,0% 0 0 2024 2025 2024 2025
Slide 16: Market Share & Rank
Market Share & Rank1 Rank Market Share Market Share BRANCHES 2025 2025 2024 MOD 1 12,9% 13,3% Watercraft 1 27,4% 27,5% Transportation 1 14,5% 14,9% Aircraft 2 25,2% 30,1% Aircraft Liability 2 19,7% 24,8% Accident 2 9,0% 7,5% General Liability 3 13,7% 10,7% Fire 3 12,2% 12,2% Financial Losses 3 12,0%
Slide 17: Technical Profitability – Long-term Perspective
Technical Profitability – Long-term Perspective Claims Ratio (%) 2024 2025 Combined Ratio (%) 2024 2025 MOD 56,5% 58,8% MOD 85,0% 87,6% MTPL 98,7% 123,7% MTPL 131,1% 152,9% Fire 48,0% 53,1% Fire 99,6% 107,1% Health 96,1% 81,7% Health 127,0% 105,6% Accident 10,2% 11,2% Accident 70,6% 63,3% General Lo
Slide 18: Financial Highlights
Financial Highlights Fund Management and Investor Relations Department 18
Slide 19: Growth Performance
Growth Performance Total Assets Technical Reserves TL mn 75.656 134.411 TL mn 96.198 51.342 40% 47% 40% 35.982 58.368 20.438 30.706 16.776 10.779 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Assets Under Management Assets Under Management Shareholders' Equity 162% Nominal Growth 1.829 TL USD 21
Slide 20: Balance Sheet (TL mn)
Balance Sheet (TL mn) Change Change Assets 2024 2025 Liabilities 2024 2025 (%) (%) Cash + Marketable Sec. 61.835 88.060 42,4 Technical Provisions 51.342 75.656 47,4 Equity Participations 8.944 8.450 -5,5 Shareholders' Equity 30.656 41.271 34,6 Other Assets 25.418 37.902 49,1 Other Liabilities 14.200
Slide 21: Investment Portfolio
Investment Portfolio1 2025: Bonds Quarterly TL 7,4 bn 41% Investment Income2 Cumulative TL24,2 bn Quarterly 9,8% (39,3% simp. ann.) Portfolio Yield Cumulative 44% AuM at 78,3 mlr TL 90 80 72,3 +8,4% 78,3 Equity +13,1% 7% 70 9,2% 63,9 4% 5% 5% 58,5 5% 60 55,5 5,4% 9% Short Term 7% 7% 11% 41% Interest
Slide 22: RoAE, Anadolu Hayat Stake and Valuation
RoAE, Anadolu Hayat Stake and Valuation RoAE Anadolu Hayat Emeklilik (ANHYT) RoAE - Solo RoAE - Cons. Inflation 75,2% Anadolu Hayat with TL 442 bn asset size and ANHYT 64,2% significant market share is among the leaders in life 50.138 MCap (TLmn) insurance and pension market 20% ANHYT 45,3% 10.028 4
Slide 23: Income Statement – 4Q25
Income Statement – 4Q25 Income Statement Q/Q Y/Y 4Q24 3Q25 4Q25 Q/Q Y/Y 4Q24 3Q25 4Q25 (TL mn) (%) (%) (Cons.) (Cons.) (Cons.) (%) (%) Tech. Income (1) 11.605 17.416 19.256 11 66 11.605 17.416 19.256 11 66 Tech. Expenses -12.889 -19.388 -20.708 7 61 -12.889 -19.388 -20.708 7 61 Net Financial Inc. +
Slide 24: Income Statement – 12M25
Income Statement – 12M25 2024 2025 P&L (TL mn) 2024 2025 Y/Y (%) Y/Y (%) (Cons.) (Cons.) Tech. Income (1) 41.879 65.124 56 41.879 65.124 56 Tech. Expenses -43.813 -71.249 63 -43.813 -71.249 63 Net Financial Inc. + Other Exp. (2) 16.070 22.512 40 16.731 23.211 39 Gross Profit 14.136 16.387 16 14.798
Slide 25: Disclaimer
Disclaimer This presentation contains forward-looking statements and information on the business development of Anadolu Sigorta. These statements may be spoken or written and can be recognized by terms such as “expects”, “anticipates”, “intends”, “plans”, “seeks” or words with similar meaning. These
Slide 26: Thanks
THANKS Fund Management and Investor Relations Department 26