Anadolu Anonim Türk Sigorta Sirketi (ANSGR) Q1 2026 earnings summary

Executive summary

• Premium volume reached TRY 29.6 billion in Q1 2026, up 27.5% year-over-year, with strong growth in health (+46.6% y/y) and bancassurance channels (+48% y/y).

• Net profit for Q1 2026 was reported between TRY 3.46 billion and TRY 3.84 billion, up between 17.3% and 75% year-over-year, driven by investment income and premium growth.

• Geopolitical tensions, especially in the Middle East and Iran, increased global risk perception and pressured energy supply and inflation outlooks.

• The Turkish economy showed resilience due to tight monetary policy and strong reserves.

• Dividend of TRY 2.75 billion was paid at the end of March following the general assembly decision.

Financial highlights

• Gross premium volume reached TRY 29.6 billion, up 27.5% year-over-year.

• Investment income for the quarter was reported between TRY 6.9 billion and TRY 9.4 billion, with a quarterly yield up to 8.7% and annual yield of 35.5%.

• Total assets grew to as high as TRY 148.6 billion, with AUM portfolio reaching nearly TRY 83 billion.

• Shareholders’ equity increased to TRY 41.3 billion.

• Gross profit reached TRY 4.16 billion, a 54% increase year-over-year.

Outlook and guidance

• Continued focus on leveraging high yields in Turkey through increased allocation to short-term interest instruments and expanding health insurance and bancassurance channels.

• Expectation to maintain profitability above inflation, supported by strong investment income.

• Market share gains expected in health and fire branches, with ongoing contraction in MTPL.