Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR
Anadolu Anonim Turk Sigorta Sirketi A.s — Anadolu Sigorta — Q3 2025 Earnings Presentation
26 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, 2025
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 9M25 Premium Production (TL bn) (TL bn) 738,6 Life 125,4 72% Number of Companies 15% Non Life 50 110% 429,2 Life 19 Non-Life Reinsurance 4 731,5 133% 85% 204,2 Total 73 87,6 99,9 56,7 17,7 30,9 Non-Life Life 2021 2022 2023 2024 Non-Life Life (1) Association of Insurance
Slide 5: Non-Life Trends in the Sector
Non-Life Trends in the Sector Non-Life Premium Per Person 8.622 Premium Per Premium / GDP 2023 Person 244 (%) (USD) 171 USA 7,7 6.251 146 144 133 5.028 119 UK 3,8 1.840 116 116 117 Switzerland 3,8 3.810 2.394 Poland 1,5 331 868 1033 515 503 611 690 OECD 5,0 2.313 Turkey 1,5 171 2016 2017 2018 2019 2
Slide 6: Non-Life Insurance Market
Non-Life Insurance Market Premium Production1 (TL mn) 9M24 9M25 Y/Y(%) Non-Life - Market Shares Competitor 1 Competitor 1 72.580 105.135 44,9 14,4% Competitor 2 55.436 78.558 41,7 Other Anadolu Sigorta 46.559 67.918 45,9 32,8% Competitor 2 10,7% Competitor 3 38.093 58.979 54,8 Competitor 4 24.224 36
Slide 7: Penetration Ratios
Penetration Ratios1 EARTHQUAKE INSURANCE HEALTH INSURANCE • ~20 million houses • 85,6 million Population • 57,9% 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
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 3,174 Professional Agencies 1,003 Isbank Branches ~16% working exclusively with Anadolu Working exclusively with Anadolu Fund Man
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 – 9M25
Shareholder Structure – 9M25 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 (30.09.2025) : TL42,8 bn Free float: ~35% Capital (30.09.2025): TL2,
Slide 13: Highlights
Highlights • Real growth: Anadolu 9M25 premium volume is at a strong TL 67.9 bn, (+45.9%y/y vs. 33,3% Sept. infl.) Profitability • Real profitability: Trailing Twelve Month solo RoAE stands at 36.4% (Consolidated 47.8%) • Discount rate applied to reserves reduced by 2.5 ppts to 30.0%: TL 944 mn gros
Slide 14: Premium Volume and Composition
Premium Volume and Composition Anadolu Sigorta Non-Life Sector1 OTHER Cumulative (TLmn) 9M25 Y/Y (%) 9M25 Y/Y (%) 20% MOTOR MOD 12.443 21,4 100.411 31,5 ANSGR 41% MTPL 15.174 73,3 222.244 51,0 HEALTH TL 67,9 bn Health 13.981 70,7 147.649 61,5 20% Fire & Nat. Disasters 12.994 29,4 116.644 36,3 FIRE 1
Slide 15: Sales Channels
Sales Channels Premium Production – Anadolu Premium Production1 – Sector 80.000 TL mn 800.000 TL mn 70.000 700.000 11,0% 8,7% 60.000 600.000 17,8% 14,1% 50.000 500.000 13,3% 16% 12,3% 9,8% 40.000 400.000 15% 13,9% -1 14,6% 14% 30.000 300.000 64,0% 200.000 58,8% 20.000 61,7% 55% 10.000 100.000 0 0 9M
Slide 16: Market Share & Rank
Market Share & Rank1 Rank Market Share Market Share BRANCHES 9M25 9M25 9M24 MOD 1 12,4% 13,4% Watercraft 1 25,0% 25,5% Transportation 1 14,8% 15,1% Aircraft 2 26,9% 33,9% Aircraft Liability 2 17,7% 26,3% Accident 2 8,9% 7,1% General Liability 3 12,6% 10,2% Fire 3 11,1% 11,7% General Losses 3 5,9% 6,
Slide 17: Technical Profitability – Long-term Perspective
Technical Profitability – Long-term Perspective Claims Ratio (%) 9M24 9M25 Combined Ratio (%) 9M24 9M25 MOD 59,2% 59,8% MOD 84,3% 87,6% MTPL 98,6% 121,9% MTPL 128,1% 152,8% Fire 46,8% 63,9% Fire 91,5% 114,2% Health 91,8% 80,1% Health 120,2% 103,1% Accident 9,8% 12,4% Accident 69,8% 65,6% General Los
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 122.113 TL mn 67.543 96.198 51.342 26,9% 35.982 31,6% 58.368 30.706 20.438 16.776 10.779 2021 2022 2023 2024 9M25 2021 2022 2023 2024 9M25 Assets Under Management Shareholders' Equity 72.271 36.205 TL mn TL mn 30.656 55.524 32.026 30,2% 18,1%
Slide 20: Balance Sheet (TL mn)
Balance Sheet (TL mn) Change Change Assets 9M24 9M25 Liabilities 9M24 9M25 (%) (%) Cash + Marketable Sec. 54.286 82.649 52,2 Technical Provisions 44.581 67.543 51,5 Equity Participations 9.082 7.770 -14,4 Shareholders' Equity 27.675 36.205 30,8 Other Assets 21.228 31.694 49,3 Other Liabilities 12.33
Slide 21: Investment Portfolio
Investment Portfolio1 9M 2025: Bonds Quarterly TL 7,3 bn 42% Investment Income2 Cumulative TL16,8 bn Quarterly 11,4% (45,1% simp. ann.) Portfolio Yield Cumulative 30,7% AuM at 80 72,3 72,3 mlr TL TLbn +13,1% 70 +9,2% 63,9 4% +5,4% 58,5 5% 60 55,5 9% Short Term 7% 11% Equity 7% Interest 50 11% 12% 42
Slide 22: RoAE, Anadolu Hayat Stake and Valuation
RoAE, Anadolu Hayat Stake and Valuation RoAE, TTM1 Anadolu Hayat Emeklilik (ANHYT) RoAE - Solo RoAE - Cons. Inflation 79,8% 75,2% Anadolu Hayat with TL 377 bn asset size and ANHYT significant market share is among the leaders in life 42.893 MCap (TLmn) 60,6% insurance and pension market 47,8% 20% AN
Slide 23: Income Statement – 3Q25
Income Statement – 3Q25 Income Statement Q/Q Y/Y 3Q24 2Q25 3Q25 Q/Q Y/Y 3Q24 2Q25 3Q25 (TL mn) (%) (%) (Cons.) (Cons.) (Cons.) (%) (%) Tech. Income (1) 11.253 15.427 17.416 13 55 11.253 15.427 17.416 13 55 Tech. Expenses -11.680 -16.762 -19.388 16 66 -11.680 -16.762 -19.388 16 66 Net Financial Inc.
Slide 24: Income Statement - 9M25
Income Statement - 9M25 9M24 9M25 P&L (TL mn) 9M24 9M25 Y/Y (%) Y/Y (%) (Cons.) (Cons.) Tech. Income (1) 30.274 45.868 52 30.274 45.868 52 Tech. Expenses -30.924 -50.542 63 -30.924 -50.542 63 Net Financial Inc. + Other Exp. (2) 10.909 15.483 42 11.309 15.798 40 Gross Profit 10.260 10.810 5 10.659 11
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