ANADOLU HAYAT EMEKLİLİK A.Ş.ANADOLU HAYAT EMEKLİLİK A.Ş.COMPANY PRESENTATIONCOMPANY PRESENTATION

2

IndexIndex

Corporate ProfileCorporate Profile

Lines of Business - Life & Pensions Lines of Business - Life & Pensions

FinancialsFinancials

Stock DataStock Data

3

Corporate VisionCorporate Vision

To be the leading company in To be the leading company in Turkey in all aspects of Turkey in all aspects of

personal financial planning personal financial planning concerning the future of concerning the future of

Turkey and the Turkish peopleTurkey and the Turkish people

4

Corporate ProfileCorporate Profile

First life insurance company in Turkey

Established in 1990 as a subsidiary of Türkiye İş Bankası

Market leader in life insurance sector since establishment

Has been operating in pension business since 27.10.2003

The only Life & Pension company publicly traded (since 2000)

5

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.

6

TOTAL NUMBER OF COMPANIES AS OF 2007TOTAL NUMBER OF COMPANIES AS OF 2007

Source: Source: Treasury

Insurance Companies (Insurance) 50

- Non-Life 28

- Life 11

- Life & Pension 10

- Pension 1

Reinsurance Companies 1

7

TURKEY INSURANCE SECTOR TURKEY INSURANCE SECTOR Premium Productions as of 2007Premium Productions as of 2007

Source: Treasury

Total Premium Per Capita (USD) 133

Non-Life Premium Per Capita (USD) 117

Life Premium Per Capita (USD) 16

Total Premium Production (Billion USD) 9,4

Total Premium Production / GDP 1,28 %

8

TURKEY PENSION SYSTEMTURKEY PENSION SYSTEMContributions as of 2008Contributions as of 2008

Source: Treasury

Total Pension Fund System Contributions Per Capita (USD) 50

Total Pension Fund System Contributions (Billion USD) 3,6

Total Pension Fund System Contributions / GDP 0,58 %

9

Growth StrategyGrowth Strategy

Shift Distribution Channel StrategyShift Distribution Channel Strategy Focus on BancassuranceFocus on Bancassurance New Strategic Partnerships with BanksNew Strategic Partnerships with Banks 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

1010

NetworkNetwork

BancassuranceBancassurance

Direct SalesDirect Sales

Agents & BrokersAgents & Brokers

OtherOther

261 Licensed Salesperson

302 Exclusive Agencies45 Brokers

InternetCall Centre

1076 branches 334 branches 333branches 79 branches

4 branches 10 branches

11

Corporate ProfileCorporate Profile

Lines of Business - Life & Pensions Lines of Business - Life & Pensions

FinancialsFinancials

Stock DataStock Data

12

Lines of BusinessLines of Business

EndowmentEndowment Term LifeTerm Life AnnuitiesAnnuities

IndividualIndividual CorporateCorporate

Life InsuranceLife InsurancePensionsPensions

13

Started Started on on 27.10.2003 27.10.2003 1122 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

14

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

15

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

16

Private Pension System in Turkey Private Pension System in Turkey OverviewOverview as of 12.10.2009 as of 12.10.2009

0

500.000

1.000.000

1.500.000

2.000.000

2.500.000

-1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 9.000

2003 2004 2005 2006 2007 2008 2009/09

Nu

mb

er o

f P

arti

cip

ants

Fu

nd

Siz

e(T

L M

il)

Funds (TL Mil) Number Of Participants

17

Private Pension System OutlookPrivate Pension System Outlook

AHE 6 683% 47 272% 175 202% 529 72% 910 45% 1.323 41% 1.867

Sum of Sector 32 706% 258 313% 1.066 137% 2.527 81% 4.571 40% 6.384 35% 8.623

Market Share 18,8% 18,2% 16,4% 20,9% 19,9% 20,7% 21,7%

AHE 3.114 985% 33.798 190% 98.178 93% 189.567 57% 297.662 26% 376.455 12% 423.452

Sum of Sector 15.245 1961% 314.257 114% 672.696 60% 1.073.650 36% 1.457.704 20% 1.745.354 11% 1.930.664

Market Share 20,4% 10,8% 14,6% 17,7% 20,4% 21,6% 21,9%

2007 Change

As of 31.12.2003

2004 % Change

2006 Change

As of 31.12.2005

Net Asset Value (mio TL)

Number of Participants

2009 Change

As of 12.10.2009

As of 31.12.2004

2005 % Change

As of 31.12.2006

2008 Change

As of 31.12.2008

As of 31.12.2007

18

Private Pension SystemPrivate Pension SystemSectoral Expectations for 2013Sectoral Expectations for 2013

Consolidated Expectations of Pension Companies for 2013 Median

Total Number of Participants (Individual) 2,300,000

Total Number of Participants (Group) 953,941

Total Number of Participants (Total) 3,250,000

Total Number of Contracts (Individual) 2,500,000

Total Number of Contracts (Group) 985,495

Total Number of Contracts (Total) 3,475,000

Total Amount to be Invested (mio YTL) 23,000

Total Amount of Participant's Funds (mio YTL) 28,355

Total Number of Participants to Opt Out 650,000

Total Number of Contracts to be Transferred 105,000

Total Number of Authorized Intermediaries 15,000

Source: Pension Monitoring Center

19

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

20

KEY DRIVERS FOR OUR MARKET KEY DRIVERS FOR OUR MARKET LEADERSHIPLEADERSHIP

Distribution network

Diversified products

Fund performance

Charging structure

Service quality

21

Private Pension System in Turkey Private Pension System in Turkey OverviewOverview as of 12.10.2009 as of 12.10.2009

Number Of Number Of ParticipantParticipant

ss

Market Market

ShareShareFundsFunds

(mio TL)(mio TL)Market Market

ShareShare

AHEAHE 423,452423,452 21.9%21.9% 1,8671,867 21.7%21.7%

XXXXXX 385,427385,427 20.0%20.0% 1,2481,248 14.5%14.5%

XXXXXX 299,598299,598 15.5%15.5% 1,8831,883 21.8%21.8%

XXXXXX 265,004265,004 13.7%13.7% 1,2931,293 15.0%15.0%

XXXXXX 155,757155,757 8.1%8.1% 484484 5.6%5.6%

Other 7Other 7 401,426401,426 20.8%20.8% 1,8481,848 21.4%21.4%

TotalTotal 1,930,6641,930,664 100.0%100.0% 8,6238,623 100.0%100.0%

22

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

31.12.2008 376 6,369 7.83 69.73 15.56 0.01 0.53 6.34

12.10.2009 399 8,641 10.69 69.62 14.09 0.16 0.35 5.09

MUTUAL FUNDS

31.12.2008 53 23,692 1.51 43.46 50.24 4.30 0.04 0.45

12.10.2009 107 31,617 2.73 38.15 54.00 4.07 0.08 0.98

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

58%58% 29%29% 13%13%

24

31.12.2008-30.09.2009 31.12.2008-30.09.2009 Weighted Average ReturnWeighted Average Return

Private Pension Firm* Net Asset Value

(mio TL)Weighted Average

Return (%)

XXXXXX 480480 25.5725.57

XXXXXX 8484 23.9023.90

Anadolu Hayat Emeklilik Anadolu Hayat Emeklilik 1,8491,849 22.7922.79

XXXXXX 1,8621,862 20.1320.13

XXXXXX 1111 18.8818.88

XXXXXX 413413 17.9717.97

XXXXXX 1111 17.3017.30

XXXXXX 1,2801,280 17.1517.15

XXXXXX 1,2341,234 16.3616.36

XXXXXX 497497 15.3215.32

XXXXXX 501501 15.1415.14

XXXXXX 311311 14.4414.44TOTAL 8,533 18.75

* As of 12.10.2009

2525

PensionPension Production Production bby y ChannelChannel

20072007 20082008 2009 / 82009 / 8

Direct to Customer Direct to Customer + +

Direct SalesDirect Sales

2,1 %2,1 % 3,4 %3,4 % 3,4 %3,4 %

BrokerBroker 1,0 %1,0 % 1,0 %1,0 % 1,0 %1,0 %

AgencyAgency 4,4 %4,4 % 6,2 %6,2 % 5,5 %5,5 %

BANCASSURANCEBANCASSURANCE

Is BankIs Bank 5,5 %5,5 % 2,5 %2,5 % 1,1 %1,1 %

Is Bank + Direct Is Bank + Direct SalesSales

37,8 %37,8 % 43,9 %43,9 % 47,0 %47,0 %

Is Bank + AgencyIs Bank + Agency 18,3 %18,3 % 19,0 %19,0 % 19,1 %19,1 %

HSBCHSBC 23,4 %23,4 % 17,8 %17,8 % 18,9 %18,9 %

TEB + AgencyTEB + Agency 7,0 %7,0 % 4,9 %4,9 % 2,8 %2,8 %

AnadolubankAnadolubank 0,5%0,5% 1,3 %1,3 % 1,2 %1,2 %

TotalTotal 100 %100 % 100%100% 100%100%

67,2 %

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 20062006 20072007 20082008

AHEAHE 25 %25 % 24 %24 % 22%22%

XXXXXX 13 %13 % 15 %15 % 19%19%

XXXXXX 9 %9 % 11 %11 % 9%9%

XXXXXX 7 %7 % 8 %8 % 8%8%

XXXXXX 8 %8 % 7 %7 % 7%7%

XXXXXX 6 %6 % 6 %6 % 5%5%

OthersOthers 31 %31 % 29%29% 30%30%

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 20062006 20072007

%% ( Mio TL)( Mio TL) %% ( Mio TL)( Mio TL)

AHE AHE 3434 1.3021.302 35,035,0 1.4201.420

XXXXXX 1313 511511 1212 476476

XXXXXX 1111 425425 1111 460460

XXXXXX 1010 375375 1010 406406

XXXXXX 77 266266 77 277277

XXXXXX 66 229229 55 221221

OthersOthers 2020 759759 2020 795795

TOTAL TOTAL 100100 3.8673.867 100100 4.0544.054

Source: Treasury

29

Life ProductsLife Products / / Profit Sharing RatesProfit Sharing Rates

YEARYEARPROFIT PROFIT

SHARE(%)SHARE(%) USD(%)USD(%) CPI(%)CPI(%)

19991999 119 119 7733 69 69

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

AVERAGEAVERAGE 4545 2222 2727

303030

Life PortfolioLife PortfolioTotal Number of PoliciesTotal Number of Policies

20072007 20082008 2008 / 62008 / 6 2009 / 62009 / 6

EndowmeEndowmentnt 125.697125.697 103.724103.724 113.352113.352 95.03095.030

AnnuityAnnuity 39.39439.394 39.22339.223 39.25039.250 38.95938.959

Term LifeTerm Life 711.556711.556 667.734667.734 646.951646.951 850.284850.284

TotalTotal 876.647876.647 810.681810.681 799.553799.553 984.273984.273

313131

Life Portfolio Life Portfolio Total Premium Production(TL)Total Premium Production(TL)

20072007 20082008 2008 / 62008 / 6 2009 / 62009 / 6

EndowmEndowmentent

177.682.0177.682.06969

176176..014014.1.17474 8686..600600..069069 8888..993993..3535

22

AnnuityAnnuity 111.279.9111.279.99494

134134..910910..668383 7373..977977..993993 117117..814814..55

2121

Term LifeTerm Life 49.930.4049.930.4044

3333..989989..424200

1919..103103..810810 1414..534534..888866

TotalTotal 338.892.4338.892.46767

344.914.2344.914.27777

179.681.87179.681.8722

221.342.7221.342.75959

323232

Life Portfolio Life Portfolio Premium Production - New Business (Premium Production - New Business (TL)TL)

2008 2008 2008 / 62008 / 6 2009 / 62009 / 6

EndowmenEndowmentt

6.980.1406.980.140 2.800.2632.800.263 5.625.8785.625.878

AnnuityAnnuity 134.910.6134.910.68383 73.977.99373.977.993 117.814.52117.814.52

11

Term LifeTerm Life 33.491.0133.491.0122

18.655.81518.655.815 14.780.48514.780.485

TotalTotal 175.381.8175.381.83535 95.434.07195.434.071 138.220.88138.220.88

44

333333

Life Life Production Production bby y ChannelChannel

20072007 2008 2008 2009 / 6 2009 / 6

Agency & BrokerAgency & Broker 40 %40 % 43 %43 % 32 %32 %

Direct to Customer & Direct Direct to Customer & Direct SalesSales

23 %23 % 30 %30 % 34 %34 %

IsbankIsbank 27 %27 % 16 %16 % 22 %22 %

IsbankIsbank & Direct Sales & & Direct Sales & AgencyAgency

9 %9 % 10 %10 % 11 %11 %

HSBCHSBC 1 %1 % 1 %1 % 1 %1 %

TotalTotal 100 %100 % 100%100% 100%100%

33%

34

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 -- --

35

Corporate ProfileCorporate Profile

Lines of Business - Life & Pensions Lines of Business - Life & Pensions

FinancialsFinancials

Stock DataStock Data

363636

( Mio TL)( Mio TL) 20072007 20082008

Written Premium Written Premium 337 337 345345

General General Technical Profit Technical Profit 88 1818

Total Assets Total Assets 2.8252.825 3.4003.400

Paid-In Capital Paid-In Capital 175175 250250

Shareholders’ Equity Shareholders’ Equity 344344 350350

MathMath.&.& Profit Sharing Profit Sharing ProvisionsProvisions 1.4531.453 1.6081.608

Net Net ProfitProfit 4545 5353

Financial HighlightsFinancial Highlights

3737

(Mio TL)(Mio TL) 2008/62008/6 2009/62009/6

Written Premium Written Premium 180180 221221

General General Technical Profit Technical Profit 11 88

Total Assets Total Assets 2.9732.973 3.8653.865

Paid-In Capital Paid-In Capital 250250 250250

Shareholders’ Equity Shareholders’ Equity 312312 362362

MathMath.&.& Profit Sharing Profit Sharing ProvisionsProvisions 1.5071.507 1.7421.742

Net Net ProfitProfit 1717 3838

Financial HighlightsFinancial Highlights

3838

Allocation of Period ProfitAllocation of Period Profit

  2008 2007 2006 2005

Net Profit (TL) 52.905.238 45.481.212 25.285.434 41.031.408

Net Distributable Profit (TL) 50.211.779 43.472.277 23.973.676 34.216.634

Dividend to Shareholders (TL) 42.000.000 35.000.000 12.000.000 15.000.000

- Cash 42.000.000 15.000.000 12.000.000 5.000.000

- Bonus Share - 20.000.000 - 10.000.000

Cash / Net Profit (%) 79,39 32,98 47,45 12,18

Cash / Net Distributable Profit (%) 83,65 34,50 50,05 14,61

Bonus Share / Net Profit (%) - 43,97 - 24,37

Bonus Share / Net Distributable Profit (%) - 46,00 - 29,22

Dividend to Shareholders / Net Profit (%) 79,39 76,95 47,45 36,55

Dividend to Shareholders / Net Distributable Profit (%) 83,65 80,51 50,05 43,83

3939

Capital AdequacyCapital Adequacy

31.12.2008

(TL)

31.12.2007

(TL)

31.12.2006

(TL)

37.191 41.903 55.170

78.870.306 71.856.085 65.013.132

5.181.501 4.150.396 2.639.187

84.088.998 76.048.384 67.707.489

349.939.874 344.311.639 321.640.600

265.850.876 268.263.255 253.933.111

TOTAL CAPITAL REQUIRED

TOTAL CAPITAL

EXCESS CAPITAL

Capital Required for Non-Life Branch

Capital Required for Life Branch

Capital Required for Pension Branch

404040

FinancialsFinancials Income StatementIncome Statement

2007 2008

A- 0,2 0,5

B- -0,3 -0,4

I - -0,1 0,1

C- 556,9 629,5

D- -530,6 -618,2

II- 26,3 11,3

E- 38,2 58,5

F- -56,5 -51,6

III- -18,3 6,9

IV- 7,9 18,3

G- 58,0 58,9

H- -5,4 -8,9I- -3,5 -0,9

V- 49,1 49,1

VI- 57,0 67,4

VII- -11,6 -14,4

IX- 45,4 53,0

GENERAL TECHNICAL PROFIT / LOSS

NON-LIFE TECHNICAL PROFIT / LOSS

NON-LIFE TECHNICAL EXPENSES

LIFE TECHNICAL EXPENSES

LIFE TECHNICAL PROFIT / LOSS

NON-LIFE TECHNICAL INCOME

LIFE TECHNICAL INCOME

(Mio YTL)

TECHNICAL PART

PENSION FUND TECHNICAL INCOME

PENSION FUND TECHNICAL EXPENSES

PENSION FUND TECHNICAL PROFIT / LOSS

PERIOD 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

4141

FinancialsFinancials Income StatementIncome Statement

2008/6 2009/6

A- 0,23 0,15

B- -0,26 -0,13

I - -0,03 0,02

C- 305,8 343,3

D- -304,5 -341,4

II- 1,3 1,9

E- 28,2 37,4

F- -28,2 -31,3

III- -0,04 6,1

IV- 1,2 8,0

G- 24,5 43,4

H- -3,0 -3,6I- -2,3 -0,3

V- 19,2 39,5

VI- 20,4 47,5

VII- -3,8 -9,3

IX- 16,6 38,2

PROVISION FOR TAX & OTHER LEGAL LIABILITIES

LIFE TECHNICAL EXPENSES

LIFE TECHNICAL PROFIT / LOSS

COMPANY ASSETS PROFIT / LOSS

PENSION FUND TECHNICAL INCOME

PENSION FUND TECHNICAL EXPENSES

PENSION FUND TECHNICAL PROFIT / LOSS

GENERAL TECHNICAL PROFIT / LOSS

PERIOD NET PROFIT / LOSS (VII - VIII)

INVESTMENT INCOME

INVESTMENT EXPENSESPROFIT FROM OTHER & EXTRAORDINARY

PERIOD PROFIT / LOSS (IV+V)

NON-LIFE TECHNICAL PROFIT / LOSS

NON-LIFE TECHNICAL INCOME

LIFE TECHNICAL INCOME

(Mio TL)

TECHNICAL PART

NON-LIFE TECHNICAL EXPENSES

424242

FinancialsFinancials Balance SheetBalance Sheet

2007 2008

I. 62 75,3

II. 1.716,3 1.948,9

III. 934,3 1.334,7

IV. 82,2 4

V. 24,4 24,4

VI. 5,8 12,7

2.825 3.400

I. 957,0 1.360,2

II. 1.506,3 1.669,8

III. 7,4 4,7

IV. 10,0 15,3

V. 344,3 350

VI. 45,4 53,0

2.825 3.400

(Mio YTL)

ASSETS

TAX PROVISIONS

RECEIVABLES

INVESTMENTS

LIQUID ASSETS

LIABILITIES AND SHAREHOLDERS' EQUITY

PAYABLES

TECHNICAL PROVISIONS

OTHER PROVISIONS

SHAREHOLDERS' EQUITY

PROFIT

TOTAL LIAB.& SH.EQUITY

MARKETABLE SECURITIES

FIXED ASSETS

OTHER ASSETS (NET)

TOTAL ASSETS

4343

FinancialsFinancials Balance SheetBalance Sheet

2008/6 2009/6

I. 74 92

II. 1.802 2.081

III. 1.063 1.657

IV. 4 4

V. 24 24

VI. 6 7

2.973 3.865

I. 1.084 1.688

II. 1.565 1.805

III. 5 5

IV. 7 5

V. 312 362

2.973 3.865

(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

44

Corporate ProfileCorporate Profile

Lines of Business - Life & Pensions Lines of Business - Life & Pensions

FinancialsFinancials

Stock DataStock Data

45

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

2009/72009/7 1,921,92 480.000.000480.000.000

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