Aksigorta A.S. Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	8.68	-	-	-	-	-
Other Investments	3,533	2,935	2,627	3,136	2,954	1,735
Total Investments	11,131	8,700	6,347	3,345	2,960	1,742
Cash & Equivalents	7,617	6,980	5,215	5,210	1,802	2,006
Reinsurance Recoverable	-	864.31	401.81	131.96	81.36	28.37
Other Receivables	6,431	4,977	6,446	2,783	1,495	1,114
Separate Account Assets	2.9	2.75	2.21	2.01	1.87	1.95
Property, Plant & Equipment	347.31	260.9	114.01	63.88	39.93	43.5
Other Intangible Assets	570.31	392.29	169.71	124.4	82.26	48.06
Restricted Cash	-	162.85	-	-	392.6	264.06
Other Current Assets	2,677	2,397	1,952	905.3	454.66	342.49
Long-Term Deferred Tax Assets	704.51	574.24	356.16	228.58	47.37	-
Other Long-Term Assets	401.88	244.9	128.34	43.76	30.45	9.23
Total Assets	29,883	25,556	21,132	12,837	7,388	5,600
Accounts Payable	-	-	-	-	72.05	26.54
Accrued Expenses	304.23	1,082	777.11	273.89	185.01	113.4
Insurance & Annuity Liabilities	5,990	1,131	610.6	311.44	244.94	151.29
Unpaid Claims	6,708	5,340	3,620	2,858	2,028	1,358
Unearned Premiums	8,311	7,854	7,062	4,429	2,249	1,777
Reinsurance Payable	-	4,208	5,156	2,053	1,244	765.63
Current Portion of Leases	35.09	26.65	28.6	18.93	14.97	7.38
Short-Term Debt	-	-	-	622.76	117.83	72.63
Current Income Taxes Payable	36.02	60.33	116.48	-	25.03	23.61
Long-Term Leases	166.32	143.2	28.58	27.03	12.6	21.51
Long-Term Deferred Tax Liabilities	-	-	-	-	-	5.68
Separate Account Liability	-	0.3	0.2	0.13	0.13	0.14
Other Current Liabilities	1,111	592.53	439.34	266.8	130.95	67
Total Liabilities	22,701	20,464	17,856	10,895	6,339	4,399
Common Stock	1,612	1,612	1,612	1,612	306	306
Additional Paid-In Capital	3.46	3.46	3.46	3.46	-	-
Retained Earnings	5,401	3,381	1,530	325.53	682.44	802.11
Comprehensive Income & Other	164.71	95.37	131.08	1.88	60.85	92.43
Shareholders' Equity	7,182	5,092	3,276	1,943	1,049	1,201
Total Liabilities & Equity	29,883	25,556	21,132	12,837	7,388	5,600
Filing Date Shares Outstanding	-	1,612	1,612	1,612	612	612
Total Common Shares Outstanding	-	1,612	1,612	1,612	612	612
Total Debt	201.41	169.84	57.18	668.72	145.4	101.52
Net Cash (Debt)	7,416	6,811	5,158	4,541	1,656	1,905
Net Cash Growth	-0.21%	32.05%	13.58%	174.15%	-13.03%	9.22%
Net Cash Per Share	-	4.22	3.20	2.82	2.71	3.11
Book Value Per Share	-	3.16	2.03	1.21	1.71	1.96
Tangible Book Value	6,611	4,700	3,107	1,818	967.03	1,152
Tangible Book Value Per Share	-	2.92	1.93	1.13	1.58	1.88
Machinery	145.18	114.02	67.43	54.24	33.14	33.15

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.