Anadolu Anonim Türk Sigorta Sirketi (ANSGR) Q2 2025 earnings summary

Executive summary

• Premium volume reached TRY 44.5 billion in the first half of 2025, up 41% year-over-year, outpacing inflation.

• Net profit for the first half was TRY 5.2 billion, slightly below last year’s results, with consolidated and unconsolidated figures aligned.

• Return on equity remains high: 36% unconsolidated and 50% consolidated for the trailing 12 months.

• Total assets increased to TRY 112 billion, reflecting robust growth.

• Shareholders’ equity rose to TRY 31.5 billion, supported by strong profit retention and dividend payout.

Financial highlights

• Investment income for the first half reached TRY 29.5 billion, delivering a 17% portfolio return (excluding Anadolu Hayat dividend).

• Technical income rose 50% to TRY 28.5 billion, while technical expenses increased 62% to TRY 31.2 billion.

• Net financial and other income grew 26% to TRY 9.0 billion.

• Cash and cash equivalents at period-end rose to TRY 24.2 billion from 11.6 billion a year earlier.

• Technical profit for H1 2025 was TRY 6.67 billion, up from 3.70 billion in H1 2024.

Outlook and guidance

• Tight monetary policy continues to support investment income.

• Profitability is expected to remain robust, with strong ROE and improved claims and combined ratios.

• Forward-looking statements caution that actual results may differ due to economic and industry risks.

• Strong capital base and liquidity position support continued growth and resilience.

• Increased technical reserves and equity indicate readiness for future claims and expansion.