Aksigorta (AKGRT) Q3 2025 earnings summary

Executive summary

• Achieved strong earnings momentum in 3Q25 and 9M25, with net profit for the nine months ended 30 September 2025 reaching TL 2,035m, reflecting robust operational and investment performance.

• Total assets increased to TL 29.9 billion as of 30 September 2025, compared to TL 25.6 billion at year-end 2024.

• Shareholders’ equity rose to TL 7.18 billion, up from TL 5.09 billion at the end of 2024.

• Strategic focus on sustainable, profitable growth, capital adequacy, and market share in high-margin segments.

Financial highlights

• Gross written premiums in 3Q25 rose 10% year-over-year to 8,250m TL; net income increased 49% to 825m TL.

• For 9M25, net income surged 75% year-over-year to 2,035m TL, while gross written premiums declined 6% to 23,625m TL.

• Net earned premiums for non-life segments reached TL 8.81 billion, up from TL 8.23 billion year-over-year.

• Financial income for 9M25 grew 36% year-over-year to 3,960m TL; investment income (net) for the period was TL 3.41 billion.

• Technical profit (non-life) was TL 2.58 billion, up from TL 1.39 billion year-over-year.

Outlook and guidance

• Emphasis on disciplined underwriting, technical profitability, and maintaining capital adequacy above 150%.

• The company maintains a strong capital position, with regulatory capital exceeding requirements by TL 3.26 billion.

• Continued focus on profitable growth, especially in non-motor and health insurance segments.

• Management continues to focus on risk management and operational efficiency.