ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION Decem ber 2009.
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Transcript of ANADOLU HAYAT EMEKLİLİK A.Ş. COMPANY PRESENTATION Decem ber 2009.
ANADOLU HAYAT EMEKLİLİK A.Ş.ANADOLU HAYAT EMEKLİLİK A.Ş.COMPANY PRESENTATIONCOMPANY PRESENTATION
DecemDecember 2009ber 2009
2
IndexIndex
Corporate ProfileCorporate Profile
Lines of Business - Life & Pensions Lines of Business - Life & Pensions
FinancialsFinancials
Stock DataStock Data
3
Corporate ProfileCorporate Profile
Established in 1990 as a subsidiary of Türkiye İş Bankası
First life insurance company in Turkey
The only Life & Pension company publicly traded (since 2000)
Has been operating in pension business since 27.10.2003
Market leader in life insurance sector since establishment
4
Ownership StructureOwnership Structure
16%16%Free FloatFree Float
1%1%Milli Reasürans A.Ş.Milli Reasürans A.Ş.
1%1%Fortis Bank A.Ş.Fortis Bank A.Ş.
20%20%Anadolu Anonim Türk Sigorta Şirketi Anadolu Anonim Türk Sigorta Şirketi
62%62%Türkiye İş Bankası A.Ş.Türkiye İş Bankası A.Ş.
5
TOTAL NUMBER OF COMPANIES TOTAL NUMBER OF COMPANIES AS OF AS OF 30.06.200930.06.2009
Source: Source: Treasury
Insurance Companies (Insurance) 55
- Non-Life 32
- Life 10
- Life & Pension 12
- Pension 1
Reinsurance Companies 1
6
TURKEY INSURANCE SECTOR TURKEY INSURANCE SECTOR Premium Productions as of 2008Premium Productions as of 2008
Source: Treasury
Total Premium Per Capita (USD) 123
Non-Life Premium Per Capita (USD) 107
Life Premium Per Capita (USD) 16
Total Premium Production (Billion USD) 8,8
Total Premium Production / GDP 1,20 %
7
TURKEY PENSION SYSTEMTURKEY PENSION SYSTEMContributions as of 30.06.2009Contributions as of 30.06.2009
Source: Treasury
Total Pension Fund System Contributions Per Capita (USD) 56
Total Pension Fund System Contributions (Billion USD) 4,02
Total Pension Fund System Contributions / GDP 1,40 %
8
Growth StrategyGrowth Strategy
Distribution Channel StrategyDistribution Channel Strategy Focus on BancassuranceFocus on Bancassurance Expanding Direct Sales TeamExpanding Direct Sales Team Improve agency profileImprove agency profile
Improve Customer Service QualityImprove Customer Service Quality
Improve HR quality and thus productivityImprove HR quality and thus productivity
Focus on Corporate Pension BusinessFocus on Corporate Pension Business
9
Corporate ProfileCorporate Profile
Lines of Business - Life & Pensions Lines of Business - Life & Pensions
FinancialsFinancials
Stock DataStock Data
10
Lines of BusinessLines of Business
EndowmentEndowment Term LifeTerm Life AnnuitiesAnnuities
IndividualIndividual CorporateCorporate
Life InsuranceLife InsurancePensionsPensions
11
Started Started on on 27.10.2003 27.10.2003 1133 Licensed Licensed ppension ension ccompaniesompanies Third Third ppillar illar ssystemystem Defined Defined ccontributionontribution Voluntary participationVoluntary participation Tax incentives for both participant & employerTax incentives for both participant & employer FFully funded ully funded system system Minimum retirement age is 56 Minimum retirement age is 56 Funds are managed by asset management companiesFunds are managed by asset management companies Separate pension accounts for each participantSeparate pension accounts for each participant Participants have the right to;Participants have the right to;
Switch funds or pension plan Switch funds or pension plan Transfer accounts between pension companies once a Transfer accounts between pension companies once a
yearyear Merge their separate pension accountsMerge their separate pension accounts Cease contribution paymentsCease contribution payments Leave at anytimeLeave at anytime
Private Pension System in Turkey Private Pension System in Turkey Basic FeaturesBasic Features
12
PPrivate Pension System in Turkey rivate Pension System in Turkey
Tax IncentivesTax Incentives
Contribution StageContribution Stage Contributions are tax deductible up to %10 of income Contributions are tax deductible up to %10 of income
with a cap of annual minimum wage.with a cap of annual minimum wage. Employer contributions are also tax deductible subject to Employer contributions are also tax deductible subject to
the same limitsthe same limits
Investment StageInvestment Stage Investment income of pension funds are tax exemptInvestment income of pension funds are tax exempt No stamp tax in setting up pension fundsNo stamp tax in setting up pension funds No tax on transactions in pension systemNo tax on transactions in pension system
Benefits paymentsBenefits payments %25 of retirement payments are exempt from income tax%25 of retirement payments are exempt from income tax Residual is subject to a witholding tax of 5 %Residual is subject to a witholding tax of 5 % Early surrenders are subject to 15% or 10%Early surrenders are subject to 15% or 10% (in case of (in case of
completion of 10 yrs within the system) witholding tax completion of 10 yrs within the system) witholding tax with no exemptionwith no exemption
13
TREASURY
PENSION MONITORING CENTRE
PARTICIPANT &SPONSOR
PENSION ACCOUNT
ADMINISTRATION*
ASSET MANAGEMENT **
FUND ADMINISTRATION
***
MONEY AND CAPITAL
MARKETS
CUSTODIAN BANK
CAPITAL MARKETS BOARD
Reporting of Reporting of Pension AccountPension Accountss
Reporting of Reporting of FundFundss
Reporting of Reporting of Pension AccountPension Accountss
Private Pension System in TurkeyPrivate Pension System in Turkey
* Anadolu Hayat Emeklilik * Anadolu Hayat Emeklilik
** İş Asset Management, HSBC Asset Management, TEB Asset ** İş Asset Management, HSBC Asset Management, TEB Asset ManagementManagement
*** Isbank*** Isbank
14
KEY DRIVERS FOR GROWTH IN KEY DRIVERS FOR GROWTH IN PENSION BUSINESSPENSION BUSINESS
Economic Improvements in Turkey Structural reforms Extended maturities Purchasing power Lack of confidence in the social security
system
Advantages of Pension System Tax incentives Transparent system Participating to the investment process
New Regulations Vesting Right of transfers to the pension system
15
KEY DRIVERS FOR OUR MARKET KEY DRIVERS FOR OUR MARKET LEADERSHIPLEADERSHIP
Distribution network
Diversified products
Fund performance
Charging structure
Service quality
1616
NetworkNetwork
BancassuranceBancassurance
Direct SalesDirect Sales
Agents & BrokersAgents & Brokers
OtherOther
282 Licensed Salesperson
286 Exclusive Agencies50 Brokers
InternetCall Centre
1098 branches 336 branches 334 branches 86 branches
3 branches 3 branches
1717
PensionPension Production Production bby y ChannelChannel
20072007 20082008 20092009
Direct to Customer Direct to Customer + +
Direct SalesDirect Sales
2,1 %2,1 % 3,4 %3,4 % 5,0%5,0%
BrokerBroker 1,0 %1,0 % 1,0 %1,0 % 1,0%1,0%
AgencyAgency 4,4 %4,4 % 6,2 %6,2 % 7,0%7,0%
BANCASSURANCEBANCASSURANCE
Is BankIs Bank 5,5 %5,5 % 2,5 %2,5 % 5,0%5,0%
Is Bank + Direct Is Bank + Direct SalesSales
37,8 %37,8 % 43,9 %43,9 % 45,0%45,0%
Is Bank + AgencyIs Bank + Agency 18,3 %18,3 % 19,0 %19,0 % 16,0%16,0%
HSBCHSBC 23,4 %23,4 % 17,8 %17,8 % 17,0%17,0%
TEB + AgencyTEB + Agency 7,0 %7,0 % 4,9 %4,9 % 3,0%3,0%
AnadolubankAnadolubank 0,5%0,5% 1,3 %1,3 % 1,0%1,0%
TotalTotal 100 %100 % 100%100% 100%100%
66 %
181818
Life Life Production Production bby y ChannelChannel
20072007 2008 2008 2009 2009
Agency & BrokerAgency & Broker 40 %40 % 43 %43 % 34 %34 %
Direct to Customer & Direct Direct to Customer & Direct SalesSales
23 %23 % 30 %30 % 36 %36 %
IsbankIsbank 27 %27 % 16 %16 % 15 %15 %
IsbankIsbank & Direct Sales & & Direct Sales & AgencyAgency
9 %9 % 10 %10 % 14 %14 %
HSBCHSBC 1 %1 % 1 %1 % 1 %1 %
TotalTotal 100 %100 % 100%100% 100%100%
29%
19
Private Pension System in Turkey Private Pension System in Turkey OverviewOverview as of 18.03.2010 as of 18.03.2010
0
500.000
1.000.000
1.500.000
2.000.000
2.500.000
-
2.000
4.000
6.000
8.000
10.000
12.000
2003 2004 2005 2006 2007 2008 2009 2010/3
Nu
mb
er
of
Pa
rtic
ipa
nts
Fu
nd
Siz
e(T
L M
il)
Funds (TL Mil) Number Of Participants
20
Private Pension System OutlookPrivate Pension System Outlook
AHE 47 272% 175 202% 529 72% 910 45% 1.323 48% 1.954 6% 2.065
Sum of Sector 258 313% 1.066 137% 2.527 81% 4.571 40% 6.384 43% 9.107 5% 9.582
Market Share 18,2% 16,4% 20,9% 19,9% 20,7% 21,5% 21,6%
AHE 33.798 190% 98.178 93% 189.567 57% 297.662 26% 376.455 16% 437.885 2% 448.382
Sum of Sector 314.257 114% 672.696 60% 1.073.650 36% 1.457.704 20% 1.745.354 14% 1.988.322 2% 2.028.431
Market Share 10,8% 14,6% 17,7% 20,4% 21,6% 22,0% 22,1%
2010 Change
As of 18.03.2010
Number of Participants
Net Asset Value (mio TL)
2007 Change
2006 Change
As of 31.12.2005
2009 Change
As of 31.12.2009
As of 31.12.2004
2005 % Change
As of 31.12.2006
2008 Change
As of 31.12.2008
As of 31.12.2007
21
Private Pension SystemPrivate Pension SystemSectoral ExpectationsSectoral Expectations
Source: Pension Monitoring Center
Consolidated Expectations of Pension Companies
2015 2020
Number of Participants 4.000.000 5.500.000
Net Asset Value (Billion TL) 48,00 115,00
22
Private Pension System in Turkey Private Pension System in Turkey OverviewOverview as of 18.03.2010 as of 18.03.2010
Number Of Number Of ParticipantParticipant
ss
Market Market
ShareShareFundsFunds
(mio TL)(mio TL)Market Market
ShareShare
AHEAHE 448,382448,382 22.1%22.1% 2,0652,065 21.6%21.6%
XXXXXX 406,968406,968 20.1%20.1% 1,3961,396 14.6%14.6%
XXXXXX 310,784310,784 15.3%15.3% 2,0872,087 21.8%21.8%
XXXXXX 268,563268,563 13.2%13.2% 1,4521,452 15.1%15.1%
XXXXXX 157,085157,085 7.7%7.7% 537537 5.6%5.6%
Other 8Other 8 436,649436,649 21.5%21.5% 2,0452,045 21.3%21.3%
TotalTotal 2,028,4312,028,431 100.0%100.0% 9,5829,582 100.0%100.0%
23
Pension Pension Products Products Fund MenuFund Menu
ConservativeConservative BalancedBalanced AggressiveAggressive Cash Fund
Conservative Fund
Bond Fund
Intnl. Mixed Fund
Eurobond $ Fund
Eurobond € Fund
Balanced Fund
Equity Fund
Aggressive Fund
56%56% 30%30% 14%14%
24
Private Pension Funds & Mutual Private Pension Funds & Mutual FundsFunds
Fund Type
Average Maturit
y
Net Asset Value
(mio TL)Equity
(%)
Turkish Treasury
Bonds(%)
Reverse Repo (%)
Money Market Inst.
(%)
Foreign Currency Sec.(%)
Other (%)
PRIVATE PENSION FUNDS
31.12.2009 340 9,049 9.55 69.76 14.74 0.21 0.37 5.36
18.03.2010 307 9,578 10.29 64.16 18.00 0.23 0.11 7.21
MUTUAL FUNDS
31.12.2009 57 29,584 2.72 32.11 58.59 5.08 0.12 1.38
18.03.2010 69 29,925 2.96 26.95 62.58 6.00 0.21 1.30
25
31.12.2008-31.12.2009 31.12.2008-31.12.2009 Weighted Average ReturnWeighted Average Return
Private Pension Firm* Net Asset Value
(mio TL)Weighted Average
Return (%)
XXXXXX 510510 27.9327.93
XXXXXX 8787 27.8527.85
Anadolu Hayat Emeklilik Anadolu Hayat Emeklilik 1,9541,954 25.4825.48
XXXXXX 1,9931,993 22.6522.65
XXXXXX 1616 21.6121.61
XXXXXX 433433 20.4820.48
XXXXXX 1,3701,370 19.9519.95
XXXXXX 1717 19.6419.64
XXXXXX 1,3271,327 18.5118.51
XXXXXX 536536 17.2517.25
XXXXXX 528528 17.2317.23
XXXXXX 324324 16.2316.23TOTAL 9,095 21.24
•As of 31.12.2009.
26
Pension Pension Products Products Charging Structure & Minimum Charging Structure & Minimum ContributionContribution
ENTRANCE FEEENTRANCE FEE
MANAGEMENT MANAGEMENT FEEFEE
FUND FUND MANAGEMENTMANAGEMENT
FEEFEE
MIN. MIN. CONTRIBUTIONCONTRIBUTION
ExplanationExplanation Charging MethodCharging Method LimitLimit Individual Pension Individual Pension PlansPlans (#3) (#3)
Group Pension Group Pension PlansPlans
(#117)(#117)
At the phase At the phase of entrance to of entrance to the System for the System for each pension each pension
accountaccount
Can be deferred Can be deferred till the leaving till the leaving date or can be date or can be collected by collected by installmentsinstallments
½½ of of Minimum Minimum
WageWage
½ of m½ of minimum inimum wagewage
Deferred till Deferred till leaving within 5 leaving within 5
yrs. yrs. After 5 yrs After 5 yrs
completion 0completion 0
0 to 0 to ½ of ½ of mminimum wage inimum wage
Deferred till Deferred till leaving within 5 leaving within 5
yrs. for some yrs. for some plansplans
After 5 yrs After 5 yrs completion 0 for completion 0 for
all plansall plans
To cover To cover administrative administrative
expensesexpensesOn contributionsOn contributions 8%8%
00%% to to 88% % ((depending on the depending on the
contribution contribution amount & amount &
payment methodpayment method))
%0 to %5%0 to %5
To cover fund To cover fund management management
expensesexpenses
On NAV of each On NAV of each fundfund
1/10,000 1/10,000 (daily)(daily)
3,72% 3,72% (annual)(annual)
2.2.55% (annual % (annual average)average) %1 to %2,%1 to %2,66
(annual)(annual)
Min.Min. monthly monthly amount to be amount to be paid regularly paid regularly for at least 10 for at least 10
yrs.yrs.
-- -- 6666 TLTL 4242 TL TL
27272727
Life Insurance in Turkey Life Insurance in Turkey Market SMarket Shares (Premium Production)hares (Premium Production)
PENSION COMPANYPENSION COMPANY 20072007 20082008 20092009
AHEAHE 24 %24 % 22%22% 27%27%
XXXXXX 15 %15 % 19%19% 19%19%
XXXXXX 11 %11 % 9%9% 7%7%
XXXXXX 8 %8 % 8%8% 10%10%
XXXXXX 7 %7 % 7%7% 5%5%
XXXXXX 6 %6 % 5%5% 4%4%
OthersOthers 29%29% 30%30% 28%28%
TOTALTOTAL 100%100% 100%100% 100%100%
2828
Life Insurance in Turkey Life Insurance in Turkey Market SMarket Shares (Mathematical Reserves)hares (Mathematical Reserves)
PENSION PENSION COMPANY COMPANY 20082008 20092009
%% ( Mio TL)( Mio TL) ( Mio TL)( Mio TL)
AHE AHE 35%35% 1.6181.618 1.8841.884
XXXXXX 12%12% 550550 N/AN/A
XXX XXX 11%11% 497497 N/AN/A
XXXXXX 10%10% 444444 N/AN/A
XXXXXX 6%6% 269269 N/AN/A
XXXXXX 6%6% 270270 N/AN/A
OthersOthers 21%21% 972972 N/AN/A
TOTAL TOTAL 100%100% 4.6204.620 N/AN/A
Source: Treasury
29
Life ProductsLife Products / / Profit Sharing RatesProfit Sharing Rates
YEARYEARPROFIT PROFIT
SHARE(%)SHARE(%) USD(%)USD(%) CPI(%)CPI(%)
20002000 43 43 24 24 39 39
20012001 76 76 111144 69 69
20022002 62 62 14 14 30 30
20032003 47 47 -15-15 18 18
20020044 2929 --44 99
20020055 2323 00 88
20020066 1616 55 1010
20072007 2020 -17-17 88
20082008 1717 3030 1010
20092009 1515 -0,4-0,4 77
AVERAGEAVERAGE 3535 1515 2121
303030
Life PortfolioLife PortfolioTotal Number of PoliciesTotal Number of Policies
20072007 20082008 2009 2009
EndowmentEndowment 125.697125.697 103.724103.724 88.42688.426
AnnuityAnnuity 39.39439.394 39.22339.223 40.70640.706
Term LifeTerm Life 711.556711.556 667.734667.734 890.788890.788
TotalTotal 876.647876.647 810.681810.681 1.019.9201.019.920
313131
Life Portfolio Life Portfolio Total Premium Production(TL)Total Premium Production(TL)
20072007 20082008 20092009
EndowmentEndowment 177.682.069177.682.069 176176..014014.1.17474 177177..088088..512512
AnnuityAnnuity 111.279.994111.279.994 134134..910910..683683 289289..244244..293293
Term LifeTerm Life 49.930.40449.930.404 3333..989989..420420 3333..402402..991991
TotalTotal 338.892.467338.892.467 344.914.277344.914.277 499.735.795499.735.795
323232
Life Portfolio Life Portfolio Premium Production - New Business (Premium Production - New Business (TL)TL)
2008 2008 20092009
EndowmentEndowment 6.980.1406.980.140 11.387.98211.387.982
AnnuityAnnuity 134.910.683134.910.683 289.244.293289.244.293
Term LifeTerm Life 33.491.01233.491.012 32.794.59332.794.593
TotalTotal 175.381.835175.381.835 333.426.868333.426.868
33
LLife Products ife Products Charging StructureCharging Structure
AGENCY AGENCY COMMISSIONCOMMISSION
MANAGEMENMANAGEMENT FEET FEE
FUND FUND CHARGECHARGE
RISK RISK PREMIUMPREMIUM
ExplanatioExplanationn
CharginCharging g
MethodMethodLimitLimit Individual Life Individual Life
ProductsProductsGroup Life Group Life ProductsProducts
--On On
premiupremiumsms
For term life products For term life products total of commission total of commission rates cannot exceed rates cannot exceed
25%.25%.For other products total For other products total
of commission rates of commission rates cannot exceed cannot exceed 550%.0%.
Annual max.limit is 10% Annual max.limit is 10%
TRL - $/€TRL - $/€
1.Year 1.Year 3030%%--2200%%
2. Year 5%2. Year 5%-2-2%%
3. 3. YYearear+ 3+ 3%%--2%2%
Varies Varies according to according to
the groupthe group
To cover To cover administraadministra
tive tive expensesexpenses
On On premiupremiu
msms NoneNone
TRL - $/€TRL - $/€
1.Year 1.Year 55%%-3-3%%
2. Year 2. Year 44%%-3-3%%
3. 3. YYearear+ 3+ 3%%--33%%
Varies Varies according to according to
the groupthe group
To cover To cover fund fund
manmanaagemegement nt
expensesexpenses
On On current current year’s year’s
revenuerevenuess
Max. 1Max. 155% of the % of the revenuesrevenues
5%5%10% for early 10% for early
surrenderssurrenders
5%5%10% for 10% for
early early surrenderssurrenders
Depends Depends on the age on the age and sex of and sex of
the the insuredinsured
On On premiupremiu
msms
No minimum or No minimum or maximum limitsmaximum limits -- --
34
Corporate ProfileCorporate Profile
Lines of Business - Life & Pensions Lines of Business - Life & Pensions
FinancialsFinancials
Stock DataStock Data
353535
( Mio TL)( Mio TL) 20082008 20092009
Written Premium Written Premium 345345 500 500
General General Technical Profit Technical Profit 1818 1919
Total Assets Total Assets 3.4003.400 4.4384.438
Paid-In Capital Paid-In Capital 250250 250250
Shareholders’ Equity Shareholders’ Equity 350350 430430
MathMath.&.& Profit Sharing Profit Sharing ProvisionsProvisions 1.6081.608 1.9341.934
Net Net ProfitProfit 5353 7979
Financial HighlightsFinancial Highlights
3636
Allocation of Period ProfitAllocation of Period Profit
2009 2008 2007
Net Profit (TL) 79.284.428 52.905.238 45.481.212
Net Distributable Profit (TL) 75.661.865 50.211.779 43.472.277
Dividend to Shareholders (TL) 55.000.000 42.000.000 35.000.000
- Cash 55.000.000 42.000.000 15.000.000
- Bonus Share - - 20.000.000
Cash / Net Profit (%) 69,37 79,39 32,98
Cash / Net Distributable Profit (%) 72,69 83,65 34,50
Bonus Share / Net Profit (%) - - 43,97
Bonus Share / Net Distributable Profit (%) - - 46,00
Dividend to Shareholders / Net Profit (%) 69,37 79,39 76,95
Dividend to Shareholders / Net Distributable Profit (%) 72,69 83,65 80,51
3737
Capital AdequacyCapital Adequacy
31.12.2009
(TL)31.12.2008
(TL)31.12.2007
(TL)
Capital required for Non-Life Branch 28.753
37.191
41.903
Capital required for Life Branch 96.160.222 78.870.306 71.856.085
Capital Required for Pension Branch 6.757.190 5.181.501 4.150.396
TOTAL CAPITAL REQUIRED 102.946.165 84.088.998 76.048.384
TOTAL CAPITAL 429.892.005 349.939.874 344.311.639
EXCESS CAPITAL 326.945.840 265.850.876 268.263.255
383838
FinancialsFinancials Income StatementIncome Statement
2008 2009
A- 0,5 0,3
B- -0,4 -0,2
I - 0,1 0,1
C- 629,5 724,7
D- -618,2 -717,4
II- 11,3 7,3
E- 58,5 79,4
F- -51,6 -67,9
III- 6,9 11,5
IV- 18,3 18,9
G- 58,9 87,8
H- -8,9 -8,0I- -0,9 -0,7
V- 49,1 79,1
VI- 67,4 98,0
VII- -14,4 -18,7
IX- 53,0 79,3PERIOD NET PROFIT / LOSS (VII - VIII)
INVESTMENT INCOME
INVESTMENT EXPENSESPROFIT FROM OTHER & EXTRAORDINARY
PERIOD PROFIT / LOSS (IV+V)
PROVISION FOR TAX & OTHER LEGAL LIABILITIES
COMPANY ASSETS PROFIT / LOSS
NON-LIFE TECHNICAL INCOME
LIFE TECHNICAL INCOME
(Mio TL)
TECHNICAL PART
PENSION FUND TECHNICAL INCOME
PENSION FUND TECHNICAL EXPENSES
GENERAL TECHNICAL PROFIT / LOSS
NON-LIFE TECHNICAL PROFIT / LOSS
NON-LIFE TECHNICAL EXPENSES
LIFE TECHNICAL EXPENSES
LIFE TECHNICAL PROFIT / LOSS
PENSION FUND TECHNICAL PROFIT / LOSS
393939
FinancialsFinancials Balance SheetBalance Sheet
2008 2009
I. 75,3 121,5
II. 1.948,9 2.316,4
III. 1.334,7 1.965,8
IV. 4 5,8
V. 24,4 24
VI. 12,7 4,5
3.400 4.438
I. 1.360,2 2.003,8
II. 1.669,8 1.994,5
III. 4,7 5,1
IV. 15,3 4,6
V. 350 430
3.400 4.438
(Mio TL)
ASSETS
TAX PROVISIONS
RECEIVABLES
INVESTMENTS
LIQUID ASSETS
LIABILITIES AND SHAREHOLDERS' EQUITY
PAYABLES
TECHNICAL PROVISIONS
OTHER PROVISIONS
SHAREHOLDERS' EQUITY
TOTAL LIAB.& SH.EQUITY
MARKETABLE SECURITIES
FIXED ASSETS
OTHER ASSETS (NET)
TOTAL ASSETS
40
Corporate ProfileCorporate Profile
Lines of Business - Life & Pensions Lines of Business - Life & Pensions
FinancialsFinancials
Stock DataStock Data
41
ANADOLU HAYAT EMEKLİLİKANADOLU HAYAT EMEKLİLİK Stock DataStock Data
YearYearYear-endYear-end
PricePrice ($) ($)MCAPMCAP($)($)
20032003 0,560,56 140.000.140.000.000000
20042004 0,980,98 245.000.000245.000.000
20020055 1,801,80 450.000.00450.000.0000
20062006 2,052,05 512.500.000512.500.000
20072007 2,552,55 637.500.000637.500.000
20082008 0,830,83 207.500.000207.500.000
20092009 3,323,32 830.000.000830.000.000
2010/022010/02 3,023,02 755.000.000755.000.000
42
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