AgeSA Hayat ve Emeklilik Anonim Sirketi : Results H1 2023 presentation
August 08, 2023 at 03:31 am EDT
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Presentation to
Investors
H1 2023
Earning Release
8 August 2023
Şirkete Özel
Key Financial Results
Şirkete Özel
Summary and Outlook
AgeSA strengthened its leadership in both Pension AuM and Life & PA premium production among private companies thanks to significant growth across all channels and product lines.
AgeSA net profits grew significantly due to pension and credit life technical profits and financial income despite inflationary pressures on personnel and general expenses.
H1 Performance
#1 position among private companies in Private Pension AuM; with 19.0% total market share as of June 2023
#1 position among private companies in Total Life & PA GWP; with 12.4% total market share as of June 2023
Significant net profit growth both in terms of Management Reporting and SFRS with 78% and 70% yoy increase respectively, due to higher financial income and the increase in technical profit
150 mTL dividend has been paid in March
Share buyback program is launched in April. The term of the buyback program is 3 years. The maximum amount of funds to be used within the program is 750m TL. As of H1, 575k shares were bought with an average price of 28,28 TL
Strengthened fundamentals
Strong and exclusive bancassurance partnership with Akbank
Accelerated growth with strengthened base of DSF
More Diversified Product Portfolio with a New Savings Product
Continued investments on digital, analytics and customer capabilities
Synergies with Aksigorta both for topline and operational excellence areas
Regulatory appetite for the growth of both pension and life business supported by incentives
Strong Shareholder Structure that mixes local expertise and international know how
Future
Providing new solutions for ageing population
Health insurance synergies with
Sabancı Ageas Sağlık A.Ş.
Sustainability at the heart of business to build a better future
Future of work and cultural transformation
End to end IT transformation with a particular focus on new technologies
Agesa Hayat ve Emeklilik AS published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 07:30:03 UTC.
Agesa Hayat ve Emeklilik AS, formerly known as Avivasa Emeklilik ve Hayat AS, is a Turkey-based company, which is engaged in providing private pension and life insurance services. The Company offers various kinds of pension plans, life, and personal accident insurance, such as future cumulative plans, pension income plans, auto-enrollment plans, saving life insurance, credit protection insurance, advantageous plus personal accident insurance, and express accident insurance. Agesa Hayat ve Emeklilik also offers pension and insurance products for corporates, including group individual accident insurance and group pension plans. The Company is a joint venture of Haci Omer Sabanci Holding As and Ageas Insurance International NV.
AGESA HAYAT VE EMEKLILIK ANONIM SIRKETI 
