Aksigorta (AKGRT) Q4 2025 earnings summary

Executive summary

• Achieved 34% year-over-year growth in net profit for 2025, with strong technical profitability and disciplined underwriting supporting results.

• Strategic focus on sustainable, profitable growth, portfolio optimization, and capital adequacy maintained despite topline expansion.

• Non-motor and health insurance segments drove robust premium and technical profit growth, offsetting negative MTPL margins.

Financial highlights

• Gross written premiums reached 35.1bn TL, up 1% year-over-year; net income rose 34% to 2.49bn TL.

• Net technical result increased 49% year-over-year to 3.27bn TL; financial income grew 26% to 5.53bn TL.

• Asset under management expanded 34% to 18.07bn TL; total equity rose 50% to 7.65bn TL.

• Combined ratio remained stable at 126%, with loss ratio improving by 10pp to 86%.

Outlook and guidance

• Continued focus on profitable growth, technical profitability, and market share gains in targeted segments.

• Emphasis on navigating regulatory headwinds in MTPL and leveraging digital and bancassurance channels.