Turkey · Delayed Price · Currency is TRY Anadolu Anonim Türk Sigorta Sirketi Earnings Call Transcripts
Fiscal Year 2026
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Premium production grew 21.9% year-over-year to TRY 54.2 billion, with net profit up 41.3% to TRY 7.4 billion. Assets under management rose to TRY 89 billion, and the company maintained strong returns despite sector volatility and inflationary pressures.
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Premium volume rose 27.5% year-over-year to TRY 29.6 billion, with net profit up 17.3% to TRY 3.8 billion. Dividend payout of TRY 2.75 billion impacted equity growth, while investment income and AUM remained strong despite inflation and geopolitical risks.
Fiscal Year 2025
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Premium production surged 41.7% to TRY 97.9 billion, with net profit reaching TRY 13.4 billion. Investment income and assets under management saw strong growth, while discount rate cuts and wage hikes impacted expenses. Market share held at third overall, with leadership in key segments.
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Net profit reached TRY 3.4 billion in Q3 and TRY 8.6 billion for nine months, with strong premium growth and investment income offsetting weaker underwriting. Combined ratio rose to 110.4% due to discount rate and inflation impacts.
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Premium volume grew 41% year-over-year to TRY 44.5 billion, with net profit at TRY 5.2 billion for the first half. ROE remains strong at 36% unconsolidated and 50% consolidated, while investment income and technical ratios improved despite regulatory and market headwinds.
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Premium production grew 41% year-over-year to TRY 23.2 billion, with strong asset growth and robust investment returns. Net profit declined 21% due to higher technical expenses and discount rate changes, while ROE remained high.
Fiscal Year 2024
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Net profit surged 84% year-over-year to TRY 10.9 billion, with strong technical profitability and asset growth. Premium production rose 57.3%, and the combined ratio improved to a five-year low. 2025 is expected to be challenging but more predictable, with continued focus on profitability.
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Assets and premium production grew strongly, with net profit up 45% year-over-year and improved combined ratios. Sector outpaced inflation, but premium growth lagged the sector average. Outlook for 2025 is cautious, with gradual discount rate decreases expected and challenges for smaller players.
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Premium production rose 73% year-over-year, with net profit up 87% to TRY 5.4 billion in H1. Combined ratio and claim ratio improved significantly, while assets and investment income also saw strong growth.