AELIY 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	805.82	408.38	169.7	90.32	12.76
Policy Loans	2,692	1,387	735.84	321.2	141.94
Other Investments	7,871	5,562	4,843	2,685	1,411
Total Investments	17,188	11,700	8,857	4,689	2,066
Cash & Equivalents	6,827	2,610	1,676	1,302	423.27
Other Receivables	375,415	218,444	134,566	76,047	43,910
Separate Account Assets	37,238	23,520	15,843	7,732	4,657
Property, Plant & Equipment	520.38	300.49	159.26	129.27	114.21
Other Intangible Assets	0.96	1.67	5.43	11.83	23.38
Restricted Cash	1,391	575.16	14.89	0.37	-
Other Current Assets	4,507	2,861	1,615	712.45	258.81
Long-Term Deferred Tax Assets	397.83	246.95	88.61	-	-
Other Long-Term Assets	187.53	78.29	40.32	34.8	12.08
Total Assets	443,673	260,339	162,865	90,659	51,465
Accounts Payable	210.39	100.58	87.42	54.89	28.96
Accrued Expenses	774.19	569.82	295.61	115.76	73.49
Insurance & Annuity Liabilities	50,483	30,663	20,200	85,619	48,967
Unpaid Claims	722.97	520.2	385.19	212.6	168.75
Unearned Premiums	2,918	1,813	863.65	286.54	76.27
Reinsurance Payable	114.48	88.01	75.38	57.84	10.5
Current Portion of Leases	103.26	69.08	22.46	15.36	10.32
Short-Term Debt	-	-	-	527.19	98.06
Current Income Taxes Payable	655.25	353.32	196.31	60.44	46.22
Long-Term Leases	202.34	173.17	85.88	64.83	56.79
Long-Term Deferred Tax Liabilities	-	-	-	26.45	16.16
Other Current Liabilities	208.62	161.95	127.55	68.97	28.39
Total Liabilities	430,016	250,268	156,416	87,193	49,615
Common Stock	430	430	430	430	430
Retained Earnings	11,147	7,805	4,524	2,241	1,347
Comprehensive Income & Other	2,080	1,836	1,496	795.52	71.89
Shareholders' Equity	13,657	10,072	6,449	3,466	1,849
Total Liabilities & Equity	443,673	260,339	162,865	90,659	51,465
Filing Date Shares Outstanding	430	430	430	430	430
Total Common Shares Outstanding	430	430	430	430	430
Total Debt	305.6	242.26	108.34	607.38	165.17
Net Cash (Debt)	6,521	2,368	1,568	694.68	258.11
Net Cash Growth	175.38%	51.02%	125.73%	169.15%	-50.50%
Net Cash Per Share	15.17	5.51	3.65	1.62	0.60
Book Value Per Share	31.76	23.42	15.00	8.06	4.30
Tangible Book Value	13,656	10,070	6,444	3,454	1,826
Tangible Book Value Per Share	31.76	23.42	14.99	8.03	4.25
Land	52.95	39.5	30.45	17.56	7.3
Machinery	176.5	131.59	109.19	98.88	89.12
Leasehold Improvements	154.17	19.41	19.41	22.12	22.26

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