Aksigorta (AKGRT) investor relations material

Executive summary

• Achieved strong gross written premium (GWP) growth of 44% year-over-year in 1H26, driven by disciplined underwriting and selective portfolio management.

• Net profit for the first half of 2026 was 1,018.5 million TL, down from 1,209.8 million TL in the same period of 2025, reflecting a 15.8% decrease year-over-year.

• Technical profitability improved, supported by robust financial income and strategic investments in digital, analytics, and organizational transformation.

• Strategic focus on efficiency, profitability, and sustainable growth, with ongoing restructuring and capital management initiatives.

• Investment income contributed significantly, with total net investment income of 2,925.0 million TL for the period.

Financial highlights

• Gross written premiums reached 22,097m TL in 1H26, up 44% year-over-year.

• Net profit for 1H26 was 1,018.5m TL, down 15.8% year-over-year.

• Technical profit for 1H26 was 3.109m TL, up 10% year-over-year (normalized +30%).

• Financial income increased 30% year-over-year to 3.152m TL.

• Total assets increased to 40,113.8m TL as of June 30, 2026, from 34,489.4m TL at year-end 2025.

Outlook and guidance

• Focus remains on disciplined underwriting, technical profitability, and maintaining a solid capital adequacy ratio.

• Strategic priorities include expanding profitable business lines, especially non-motor and health, and leveraging digital and analytics capabilities.

• Ongoing regulatory changes, including the upcoming implementation of TFRS 17 in 2027, are expected to impact future financial reporting.