Agesa Hayat Ve Emeklilik A.s. · BIST:AGESA
Agesa Hayat Ve Emeklilik A.s — Q2 2025 Earnings Presentation
16 slides from Agesa Hayat Ve Emeklilik A.s's earnings presentation, Aug 7, 2025
Slide 1: AGESA 2Q25 Financial Results
AGESA 2Q25 2Q25RESULTS FINANCIAL FINANCIAL RESULTS April 30, 2025 August 7, 2025 Şirkete Özel
Slide 2: Strategic execution for resilient and profitable growth
Strategic execution for resilient and profitable growth Agesa maintained its leadership in both Pension AuM and Life & PA premium Agesa’s net profit grew significantly due to robust technical profits from all production among private companies thanks to significant growth across all business lines c
Slide 3: Strong growth driven by diversified portfolio and unique distribution model
Strong growth driven by diversified portfolio and unique distribution model CAGR Inf. 21-24: 58% YoY Inf. 1H25: 35% 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. 21-24: 58% YoY Inf. 1H25: 35% IFRS Net Profit Local Net Profit (Management Reporting, TL mn) (TL mn) CAGR 21-24: YoY 1H25: QoQ: CAGR 21-24: YoY 1H25: QoQ: 95% 73% 16% 86% 86% 12% Management Reporting: IFRS Finan
Slide 5: Resilient net technical profitability with balanced product mix
Resilient net technical profitability with balanced product mix CAGR Inf. 21-24: 58% YoY Inf. 1H25: 35% Technical Profit G&A, Expense Ratio Net Technical Profit (TL mn) (TL mn, %) (TL mn) CAGR 21-24: YoY 1H25: CAGR 21-24: YoY 1H25: CAGR 21-24: YoY 1H25: 87% 76% 87% 57% 86% 101% Expense ratio=(G&A)/(
Slide 6: Strategic product mix driving scalable profitability
Strategic product mix driving scalable profitability CAGR Inf. 21-24: 58% YoY Inf. 1H25: 35% Pension Technical Profit Credit Life Technical Profit RoP & Savings Technical Profit (TL mn) (TL mn) (TL mn) CAGR 21-24: YoY 1H25: CAGR 21-24: YoY 1H25: CAGR 21-24: YoY 1H25: 94% 54% 93% 115% 79% 60% Managem
Slide 7: Pension
Pension Sustainable growth and scaling ambitions CAGR Inf. 21-24: 58% Pensions AuM including State Contribution Private Pension Fund Mix YoY Inf. 1H25: 35% (TL mn) CAGR 21-24: YoY 1H25: 74% 49% 291,985 228,335 141,528 282,309 292 75,640 220,328 43,502 72,758 136,681 bTL 42,094 2021 2022 2023 2024 1H
Slide 8: Life
Life Sustainable growth fueled by multi-distribution channel model CAGR Inf. 21-24: 58% Credit Linked GWP RoP&Savings B/S Asset Volume YoY Inf. 1H25: 35% (TL mn) (USD mn) CAGR 21-24: YoY 1H25: CAGR 21-24: YoY 1H25: 99% 73% 27% 30% 741 7,424 651 122 570 5,799 522 101 80 393 62 3,560 3,361 319 32 31 6
Slide 9: Operating leverage driving scalable and profitable growth
Operating leverage driving scalable and profitable growth CAGR Inf. 21-24: 58% YoY Inf. 1H25: 35% Technical Profit & G&A Expense Ratio (TL mn) (%) 46.0% 45.4% 47.0% 42.7% 40.3% CAGR 21-24: YoY 1H25: 87% 76% 2021 2022 2023 2024 1H25 CAGR 21-24: 7,496 YoY 1H25: Expense ratio=(Opex)/(Management Reporti
Slide 10: Optimizing returns with prudent risk management
Optimizing returns with prudent risk management CAGR Inf. 21-24: 58% YoY Inf. 1H25: 35% Investment and Other Income (TL mn) Shareholders’ Asset Portfolio 1H25 CAGR 21-24: YoY 1H25: 110% 53% Total: 8.936mTL 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. 21-24: 58% YoY Inf. 1H25: 35% Shareholders’ Equity & RoE Solvency Dividend payment (TL mn, %) (%) (TL mn) CAGR 21-24: YoY 1H25: YoY 1H25: 79% 74% 233% Management Şirkete Özel Reporting: IFRS Financials excluding inflation accountin
Slide 12: Summary P&L from Segmental Reporting
Summary P&L from Segmental Reporting1 (TL mn) 1H24 1H25 YoY 1Q25 2Q25 QoQ Credit-Linked Life 3,361 5,799 73% 2,455 3,344 36% RoP & Savings 2,906 4,517 55% 2,148 2,369 10% 101% growth in net technical profit, after G&A Other Life & Personal Accident 215 307 43% 212 95 -55% expenses and 73% growth in
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 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 H1 33 % 21 % 75 % 69 % 62 % PVNBP (m TL) 41,631 55,176 32,314 39,242 3,615 6,332 5,488
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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