Aksigorta A.S. Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Equity & Preferred Securities	9.11	4.33	-	-	-
Other Investments	3,529	2,930	2,627	3,136	2,954
Total Investments	12,382	8,700	6,347	3,345	2,960
Cash & Equivalents	8,735	6,980	5,215	5,210	1,802
Reinsurance Recoverable	850.56	864.31	401.81	131.96	81.36
Other Receivables	6,182	4,977	6,446	2,783	1,495
Separate Account Assets	3.46	2.75	2.21	2.01	1.87
Property, Plant & Equipment	578.99	260.9	114.01	63.88	39.93
Other Intangible Assets	601.5	392.29	169.71	124.4	82.26
Restricted Cash	-	162.85	-	-	392.6
Other Current Assets	3,987	2,397	1,952	905.3	454.66
Long-Term Deferred Tax Assets	673.67	574.24	356.16	228.58	47.37
Other Long-Term Assets	495.2	244.9	128.34	43.76	30.45
Total Assets	34,489	25,556	21,132	12,837	7,388
Accounts Payable	208.11	189.45	-	-	72.05
Accrued Expenses	914.25	1,082	777.11	273.89	185.01
Insurance & Annuity Liabilities	1,302	1,131	610.6	311.44	244.94
Unpaid Claims	7,014	5,340	3,620	2,858	2,028
Unearned Premiums	10,533	7,854	7,062	4,429	2,249
Reinsurance Payable	5,822	4,208	5,156	2,053	1,244
Current Portion of Leases	38.8	26.65	28.6	18.93	14.97
Short-Term Debt	-	-	-	622.76	117.83
Current Income Taxes Payable	-	60.33	116.48	-	25.03
Long-Term Leases	170.55	143.2	28.58	27.03	12.6
Separate Account Liability	-	-	0.2	0.13	0.13
Other Current Liabilities	798.71	403.08	439.34	266.8	130.95
Total Liabilities	26,843	20,464	17,856	10,895	6,339
Common Stock	1,612	1,612	1,612	1,612	306
Additional Paid-In Capital	3.46	3.46	3.46	3.46	-
Retained Earnings	5,967	3,381	1,530	325.53	682.44
Comprehensive Income & Other	63.35	95.37	131.08	1.88	60.85
Shareholders' Equity	7,646	5,092	3,276	1,943	1,049
Total Liabilities & Equity	34,489	25,556	21,132	12,837	7,388
Filing Date Shares Outstanding	1,612	1,612	1,612	1,612	612
Total Common Shares Outstanding	1,612	1,612	1,612	1,612	612
Total Debt	209.35	169.84	57.18	668.72	145.4
Net Cash (Debt)	8,526	6,811	5,158	4,541	1,656
Net Cash Growth	25.19%	32.05%	13.58%	174.15%	-13.03%
Net Cash Per Share	5.29	4.22	3.20	2.82	2.71
Book Value Per Share	4.74	3.16	2.03	1.21	1.71
Tangible Book Value	7,045	4,700	3,107	1,818	967.03
Tangible Book Value Per Share	4.37	2.92	1.93	1.13	1.58
Machinery	204.15	114.02	67.43	54.24	33.14

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