Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR

Anadolu Anonim Turk Sigorta Sirketi A.s — Q2 2020 Earnings Presentation

25 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Jul 30, 2020

  1. Slide 1: Financial Results 20Q2 Earnings Call

    Financial Results 20Q2 Earnings Call July 30, 2020

  2. Slide 2: Content

    Company & Market Overview 3 CONTENT Technical Results 12 Financial Highlights 17 2

  3. Slide 3: Company & Market Overview

    Company & Market Overview Technical Results Financial Highlights 3

  4. Slide 4: Top Non-Life Companies in the Sector – 20H1

    Top 10 Non-Life Companies in the Sector – 20H1 Premium Premium Production Share by Companies (₺ Mn) Production Production Change Anadolu 20H1 19H1 (YoY) (%) 12% Anadolu 3.837 3.260 17,7% Other Allianz 35% 11% Allianz 3.815 3.351 13,9% Aksigorta 2.266 2.143 5,7% Axa 2.138 1.960 9,1% Aksigorta 7% Güne

  5. Slide 5: Premium Production – Sector (TRY mn)

    Premium Production – Sector (TRY mn) Change (%) BRANCHES 20H1 19H1 (YoY) MTPL 9.466 8.740 8,3% MOD 4.629 4.416 4,8% Health 5.378 4.397 22,3% Fire 4.927 4.074 20,9% General Losses 4.703 3.564 32,0% Accident 1.091 1.096 -0,5% General Liability 1.031 881 16,9% Marine Transportation 584 505 15,6% Financ

  6. Slide 6: Highlights of 20H1 - Anadolu

    Highlights of 20H1 - Anadolu Recovering % 19H1 FY19 20H1 Technical Combined Results Ratio 112,9 110,8 104,2 Growing (TRY mn) 20Q1 20H1 Change(TRY mn) Investment AUM Credit Card 6.040 566 6.545 592 505 26 Portfolio Total 6.605 7.137 531 (YoY) (%) ANSGR Sector Strong Premium Growth 20H1 17,7% 14,9% 6

  7. Slide 7: Highlights of 20H1 – Covid

    Highlights of 20H1 – Covid 19  Non-life sector’s growth rate was flat in april & may.  Increased sales in auto and houses fueled by low credit rates as well as deferred demand of policy renewals boosted premium growth in June so that the sector was able to compensate previous months tiny growth. 

  8. Slide 8: Highlights of 20H1 - Anadolu

    Highlights of 20H1 - Anadolu +161 Net Profit -135 +22 278 Drivers (TRY mn) 230 (*) (*) Transferred investment income excluded +116 +205 -49 -230 Technical Profit 358 +14 414 Breakdown (TRY mn) 8 8

  9. Slide 9: Premium Production – 20H1

    Premium Production – 20H1 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 20H1 19H1 ΔYoY 20H1 19H1 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 995 821 21,2% 9.466 8.740 8,3% MOD 661 597 10,8% 4.629 4.416 4,8% Fire and Nat. D. 722 601 20,2% 4.927 4.074 20,9% Health 514 461 11,4% 5.378 4.397 22,3% Ot

  10. Slide 10: Market Share & Rank (TRY mn)

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 20H1 19H1 Growth 20H1 20H1 MTPL 995 821 1 10,5% 21,2% MOD 661 597 1 14,3% 10,8% Fire 722 601 1 14,7% 20,2% General Liability 199 182 1 19,3% 9,3% Watercraft 94 76 1 30,6% 23,4% Aircraft 69 33 1 92,0% 106,7% Aircraft Liability 34 31 1 64,1% 11,2

  11. Slide 11: Distribution Channels – 20H1

    Distribution Channels – 20H1 Premium Production – Sector Premium Production – ANSGR Other Other 16% 14% Broker 12% Broker 14% Agency 56% Bank Agency 11% 63% Bank 14% 338 MSU (direct sales staff) 11

  12. Slide 12: Technical Results

    Company & Market Overview Technical Results Financial Highlights 12

  13. Slide 13: Branch Technical Results (TRY mn)

    Branch Technical Results (TRY mn) Change Change 20Q2 20Q1 19Q2 (YoY) (QoQ) GPW 36,1 46,4 36,3 -0,6% -22,3% Accident Earned Pr. 35,7 38 33 8,2% -5,9% Claims (Net) 5,4 6,1 5 7,5% -12,2% Claims Ratio 15,1% 16,1% 15,2% -0,2% -5,8% Change Change 20Q2 20Q1 19Q2 (YoY) (QoQ) GPW 222,4 291,6 204 9,1% -23,7%

  14. Slide 14: Branch Technical Results (TRY mn)

    Branch Technical Results (TRY mn) Change Change 20Q2 20Q1 19Q2 (YoY) (QoQ) GPW 310 351,2 303,3 2,2% -11,8% Land Earned Pr. 332,9 327,4 289,4 15,0% 1,7% Vehicles Claims (Net) 160,5 215,6 171,4 -6,3% -25,5% Claims Ratio 48,2% 65,9% 59,2% -18,6% -26,8% Change Change 20Q2 20Q1 19Q2 (YoY) (QoQ) GPW 135,5

  15. Slide 15: Branch Technical Results (TRY mn)

    Branch Technical Results (TRY mn) Change Change 20Q2 20Q1 19Q2 (YoY) (QoQ) GPW 474,9 519,8 415,3 14,3% -8,6% MTPL Earned Pr. 269,2 289,4 228,3 17,9% -7,0% Claims (Net) 222,9 244,5 274,3 -18,7% -8,8% Claims Ratio 82,8% 84,5% 120,1% -31,1% -2,0% Change Change 20Q2 20Q1 19Q2 (YoY) (QoQ) GPW 425,9 296,1

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio FY19 20H1 MOD 91,2% 84,8% MTPL 135,6% 100,0% Fire 101,1% 112,0% Health 113,4% 99,5% Accident 66,3% 53,8% General Liability 157,6% 255,7% General Losses 101,5% 100,2% Total 110,8% 104,2% 107% 108% 113% 111% 104% 103% 107% 10% 10% 9% 9% 9% 11% 9% 13% 14% 1

  17. Slide 17: Financial Highlights

    Company & Market Overview Technical Results Financial Highlights 17

  18. Slide 18: Growth Performance

    Growth Performance Total Assets (TRY mn) (*) Tech. Reserves (TRY mn) 10.979 6.978 9.767 6.212 7.853 12,4% 5.184 6.929 4.456 12,3% 5.840 3.914 4.677 2.934 2015 2016 2017 2018 2019 2020H1 2015 2016 2017 2018 2019 2020H1 Assets Under Management (TRY mn) (*) Shareholders' Equity (TRY mn) 6.545 5.894 2.3

  19. Slide 19: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) Change (%) P&L 20Q2 20Q1 19Q2 (QoQ) (YoY) Tech. Income (*) 1.176 1.156 1.049 2% 12% Tech. Expenses -1.225 -1.205 -1.185 2% 3% Net Financial Inc. + Other Exp. (*) 203 229 281 -11% -28% Gross Profit 154 181 144 -15% -7% Tax & Deferred Tax -26 -31 -39 -16% -33% Net Pr

  20. Slide 20: Balance Sheet (₺ mn)

    Balance Sheet (₺ mn) Change Change Assets 06.20 12.19 Liabilities 06.20 12.19 (%) (%) Cash + Marketable Sec. 7.166 6.516 10,0% Technical Provisions 6.978 6.212 12,3% Equity Participations 628 585 7,4% Shareholders' Equity 2.390 2.155 10,9% Other Assets 3.186 2.667 19,5% Other Liabilities 1.611 1.400

  21. Slide 21: Growth Performance

    Growth Performance 12.000 60,0% 28,6% 27,7% 10.979 27,4% 10.000 50,0% 9.767 8.000 40,0% 17,7% 7.904 7.032 6.545 6.000 30,0% 5.974 5.894 21,2% 21,7% 18,7% 10,5% 4.673 4.000 20,0% 4.117 13,2% 3.410 2.000 7,4% 2.390 10,0% 2.155 1.639 1.646 1.223 308 403 278 88 184 0 0,0% 2016 2017 2018 2019 2020H1 Asse

  22. Slide 22: Investment Portfolio

    Investment Portfolio Others (*) 2% In 20H1; Deposits Bonds 39% 44% Dividend from ANHYT 56 mn TRY TRY 6,54 bn Investment Income ** 400 mn TRY Portfolio Return ~ 13,4% ** ANHYT dividend excluded. Funds 11% Stock 4% ‣TRY 6,04 bn at 31.03.2020 ➢ (*) Repo + Forward 22

  23. Slide 23: AuM Composition (mn TRY)

    AuM Composition (mn TRY) 20% 227 Stock 190 -36% 2.575 Deposits 4.014 107 728 -30% Others (*) 25 2.909 Funds 1.039 365% Bonds 626 FY19 23 2020H1 23

  24. Slide 24: Disclaimer Statement

    This presentation contains forward-looking statements and information on the business development of Anadolu Sigorta. These statements may be spoken or written and can be recognized by terms such as “expects”, “anticipates”, “intends”, “plans”, “seeks” or words with similar meaning. These statements

  25. Slide 25: Q&A

    - ‘wha a a s ‘2 ANADOLU SIGORTA Never lose. Q&A

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