AgeSA Hayat ve Emeklilik A.S. · BIST:AGESA
AgeSA Hayat ve Emeklilik A.S — Q3 2026 Earnings Presentation
17 slides from AgeSA Hayat ve Emeklilik A.S's earnings presentation, Oct 27, 2026
Slide 1: AgeSA 3Q 2026 Financial Results
AGESA 3Q 2026 2Q25RESULTS FINANCIAL FINANCIAL RESULTS April 30, 2025 October 27, 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. 9M26: 29.7% 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 Pens
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. 9M26: 29.7% IFRS Net Profit | Management Reporting Local Net Profit (TL bn) (TL bn) CAGR '22-25: 82% YoY 9M26: 55% CAGR '22-25: 81% YoY 9M26: 68% 7,6 6,8 6,3 5,2 4,9 4,0 3,8 2,9 1,9 1,4 1,1
Slide 5: Resilient and sustainable real growth
Resilient and sustainable real growth CAGR Inf. '22-25: 58% YoY Inf. 9M26: 29.7% Technical Profit Net Technical Profit (aft. G&A) (TL bn) (TL bn) CAGR '22-25: 88% YoY 9M26: 48% CAGR '22-25: 104% YoY 9M26: 59% Management Reporting: IFRS Financials excluding inflation accounting effect. Şirkete Özel M
Slide 6: Strategic diversified portfolio driving scalable profitability
Strategic diversified portfolio driving scalable profitability CAGR Inf. '22-25: 58% YoY Inf. 9M26: 29.7% Pension Technical Profit Credit Life Technical Profit RoP & Savings Technical Profit (TL bn) (TL bn) (TL bn) CAGR '22-25: 93% YoY 9M26: 55% CAGR '22-25: 113% YoY 9M26: 40% CAGR '22-25: 64% YoY 9
Slide 7: Pension
Pension Sustainable growth and scaling ambitions CAGR Inf. '22-25: 58% Pension Pensions AuM including State Contribution Private Pension Fund Mix YoY Inf. 9M26: 29.7% Auto (TL bn) 462 bn TL Enrolment CAGR '22-25: 74% YoY 9M26: 37% Currency Mix Composition Gold 43% 476 Money Market 17% 402 State Cont
Slide 8: Life
Life Sustainable growth fueled by multi-distribution channel model CAGR Inf. '22-25: 58% YoY Inf. 9M26: 29.7% Credit Linked GWP (TL bn) RoP&Savings B/S Asset Volume (USD mn) CAGR '22-25: 106% YoY 9M26: 34% CAGR '22-25: 29% YoY 9M26: 21% 13,7 13,1 960 9,8 844 651 147 7,4 144 522 393 101 3,6 62 32 700
Slide 9: Operating leverage driving scalable and profitable growth
Operating leverage driving scalable and profitable growth CAGR Inf. '22-25: 58% YoY Inf. 9M26: 29.7% Expense Ratio Technical Profit | G&A (TL bn) 45,4% 47,0% 42,7% 39,2% 36,0% CAGR '22-25: 88% YoY 9M26: 48% 2022 2023 2024 2025 9M 2026 CAGR '22-25: 76% YoY 9M26: 36% Expense ratio=(Opex)/(Management R
Slide 10: Optimizing returns with prudent risk management
Optimizing returns with prudent risk management CAGR Inf. '22-25: 58% YoY Inf. 9M26: 29.7% Investment Income (TL bn) Shareholders’ Asset Portfolio, 9M26 Total: 18.7 bn TL | Composition CAGR '22-25: YoY 9M26: 73% 58% TL Time deposit 35% 4.0 TL Money Market 28% 3.5 0.6 Eurobonds 19% Interest Income F/
Slide 11: Robust capital management and efficient capital allocation
Robust capital management and efficient capital allocation CAGR Inf. '22-25: 58% YoY Inf. 9M26: 29.7% Shareholders’ Equity & RoE Solvency Dividend payment (TL bn) (TL bn) CAGR '22-25: 78% YoY 9M26: 67% YoY 9M26: 25% 219% 198% 203% 165% 154% 2022 2023 2024 2025 9M 26 Management Şirkete Özel Reporting
Slide 12: Summary P&L from Segmental Reporting
Summary P&L from Segmental Reporting Strong Profit Growth | 9M26 (TL mn) 9M25 9M26 YoY 2Q26 3Q26 QoQ Credit-Linked Life 9,785 13,126 34% 4,934 4,494 -9% Management Reporting (TL mn) • YoY RoP & Savings 7,215 10,472 45% 3,421 3,860 13% Other Life & Personal Accident 441 641 45% 174 183 5% Total Gross
Slide 13: Solvency II Value of New Business
Solvency II Value of New Business Şirkete Özel
Slide 14: Consistent Value Creation Through Portfolio Growth
Consistent Value Creation Through Portfolio Growth MCEV (TL mn) 49,950 CAGR ‘23-25: 60% YTD 9M26: 43% 49.950 35.040 35,040 22.655 21.450 61% 13.702 Life & PA 2023 2024 2025 9M26 13.175 12.350 39% Pension MCEV (USD mn) 11.020 1.585 CAGR ‘23-25: 33% YTD 9M26: 25% 1.057 1.021 14.567 818 9.789 642 465 F
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 9M 25 9M 26 9M 25 9M 26 9M 25 9M 26 9M 25 9M 26 20 % 15 % 35 % 33% PVNBP (m TL) 94,165 113,065 67,293 77, 067 10,661 14,434 15,278 20,965 24 % 4% 37 % 21 % VNB (m TL) 7,184 8,925 1
Slide 16: Disclaimer
Disclaimer The information contained in this presentation has been prepared by AgeSA Hayat ve Emeklilik A.Ş. (the "Company") for information purposes only. This presentation does not constitute or form part of, and should not be construed as, an offer to sell, or the solicitation or invitation of an
Slide 17: Thank you
Thank you Şirkete Özel
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