Anadolu Hayat Emeklilik announced the financial results for the first quarter of 2020. The company increased its asset size by 32% compared to the first quarter of last year.
Yılmaz Ertürk, CEO of Anadolu Hayat Emeklilik, gave a statement about the 2020 Q1 financial results. “We are going through unprecedentedly challenging times due to the coronavirus outbreak that is continuing to spread across the world as well as our country. Under these tough circumstances, the importance of awareness for savings increases and individual pension stands out as a product that can answer that requirement in the best way possible. As of 31 March 2020, number of participants in the Individual Pension System exceeded 13 million people, including the auto-enrollment participants; and asset size approached 131 billion TL. Asset size of customers in life insurance climbed up to 11.1 billion TL,” he said.
Assets of Anadolu Hayat Emeklilik exceeded 27.5 billion TL and fund size climbed over 23.3 billion TL, including the auto-enrollment funds, as of the first quarter of 2020. The company gained a net profit of 125.1 million TL. Shareholders’ equity stood at 1.1 billion TL.
“Digitalization and perfecting customer experience have been among our major targets for long years. We constantly invest in those areas. Today, our customers can reach our products and services whenever they wish through our digital channels ‘AHE Online’ and ‘AHE Mobile’. During the latest months of 2019, we have introduced ‘Fonmatik ROBO’ as Turkey’s first and only private pension robot. This product offers robotic fund consultancy services, helping our customers invest their accumulations in the most appropriate funds according to their risk perceptions. Although it has been a short time since its launch, it has reached significant levels in terms of number of participants and asset size; which is an indicator of high interest in the product,” said CEO Yılmaz Ertürk.
Anadolu Hayat Emeklilik has acted consciously and responsibly towards our society during these critical times, and we will keep providing solutions to support our employees, business partners and customers under all circumstances,” he added.