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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q1 2022 Earnings Presentation

29 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, May 6, 2022

  1. Slide 1: Financial Results 22Q1 Earnings Call

    Financial Results 22Q1 Earnings Call 06.05.2022 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 1

  2. Slide 2: Content

    CONTENT Company & Market Overview_____ 3 Technical Results _____________ 14 Financial Highlights _____________ 22 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 2

  3. Slide 3: Company & Market Overview

    Company & Market Overview Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 3

  4. Slide 4: Highlights – Sector

    Highlights – Sector Sector Performance • Premium production at ₺37,3 bn (74% ytd) • Easing price competition • Growth above CPI Motor Branches (MOD&MTPL) • MTPL policies being sold at cap prices • Surging MOD policy prices Financial Measures • Negative real interest rate • Inflation in rising trend

  5. Slide 5: Highlights – Regulation Changes

    Highlights – Regulation Changes Financial Year 2022 • Discount rate change – from 14% to 17% • Change in capital adequacy calculation • MTPL => from 0,18 to 0,21 • MOD => from 0,13 to 0,15 • MTPL price cap incremental rate increased – from 1,5% to 2,25% • MTPL price cap one-off increase – 20% Copyri

  6. Slide 6: Top Non-Life Companies in the Sector

    Top 10 Non-Life Companies in the Sector Premium Premium Production Share by Companies (₺ Mn) Production Production Change 21Q1 22Q1 (%) Türkiye 15% Türkiye 3.259 5.669 74,0 Other Anadolu 2.353 4.148 76,3 30% Allianz 2.476 3.989 61,1 Anadolu Aksigorta 1.578 2.482 57,3 11% HDI 1.139 2.255 98,1 Top 5 C

  7. Slide 7: Highlights – Anadolu

    Highlights – Anadolu Premium growth higher than the sector • Ranked in top three at 12 non-life branches • Premium production at ₺4,2bn (76% ytd) • MOD growth 120%, MTPL growth 57% in 22Q1 Portfolio Allocation Updates • CPI linked Treasury Bonds • Increase in equity portfolio Investment portfolio •

  8. Slide 8: Highlights – Anadolu

    Highlights – Anadolu MOD-Average Premium Increase Average Vehicle Price Increase 7.000 500.000 6.000 450.000 400.000 5.000 350.000 4.000 300.000 3.000 250.000 2.000 200.000 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Sep-21 Oct-21 Nov-21 Dec-21 J

  9. Slide 9: Highlights – GPW

    Highlights – GPW Health Motor Other Anadolu 83% 76% 59% TRY 4,2 bn 28% 17% 15% +76% 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Health Other Sector Motor 74% 75% 73% TRY 37,3 bn 31% +74% 19% 12% 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Rela

  10. Slide 10: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 21Q1 22Q1 ΔYoY (%) 21Q1 22Q1 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 591 926 56,8 5.059 8.314 64,3 MOD 411 904 119,9 3.088 5.983 93,7 Fire and Nat. D. 424 701 65,2 3.187 5.367 68,4 Health 340 541 59,1 3.916 6.815 74,1 Other

  11. Slide 11: Market Share & Rank (TRY mn)

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 21Q1 22Q1 Growth (%) 22Q1 22Q1 Watercraft 55 192 1 36,2% 250,3 Aircraft Liability 22 45 1 47,9% 102,3 MOD 411 904 2 15,1% 119,9 Fire 424 701 2 13,1% 65,2 Marine Transportation 43 107 2 12,3% 147,5 Aircraft 13 19 2 16,9% 46,3 MTPL 591 926 3 11,1

  12. Slide 12: Net Profit Drivers

    Net Profit Drivers 197 Unconsolidated (TRY mn) (*) 147 Consolidated (TRY mn) (*) Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department (*) Transferred financial income is excluded 12

  13. Slide 13: Distribution Channels

    Distribution Channels Premium Production – ANSGR Premium Production – Sector 40.000 4.500 Millions 4.000 35.000 16% 16% 3.500 30.000 +3 16% 16% 3.000 25.000 -5 +1 14% 2.500 14% 20.000 16% 13% 2.000 15% 11% +1 15.000 1.500 14% 13% -9 10.000 54% 54% 1.000 5.000 54% 63% 500 0 0 21Q1 22Q1 21Q1 22Q1 Agen

  14. Slide 14: Technical Results

    Technical Results Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 14

  15. Slide 15: Accident – GPW and Technical Earnings

    Accident – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +36,7% -40,4% +7,2 80 5,2 65,1% 57,9% 59 3,1 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 15

  16. Slide 16: Health – GPW and Technical Earnings

    Health – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +59,1% +71,1% +19,7 332 134,0% 541 114,3% 340 194 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 16

  17. Slide 17: MOD – GPW and Technical Earnings

    MOD – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +120% +109,9% +48,2 904 615 150,4% 102,2% 411 293 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 17

  18. Slide 18: General Losses – GPW and Technical Earnings

    General Losses – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +54,8% +100% +22,8 422 124 131,7% 109,0% 273 62 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 18

  19. Slide 19: Fire & Nat. D. – GPW and Technical Earnings

    Fire & Nat. D. – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +65,3% +56,9% -2,1 701 129,9% 127,8% 182 424 116 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 19

  20. Slide 20: MTPL – GPW and Technical Earnings

    MTPL – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +56,7% +23,4% +0,1 926 396 105,3% 105,4% 321 591 21Q1 22Q1 21Q1 22Q1 21Q1 22Q1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 20

  21. Slide 21: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio 21Q1 22Q1 MOD 102,2% 150,4% MPTL 105,3% 105,4% Fire 129,9% 127,8% Health 114,3% 134,0% Accident 57,9% 65,1% General Liability 457,8% 63,4% General Losses 109,0% 131,7% Total 114,9% 122,6% 128% 123% 113% 111% 10% 106% 15% 12% 10% 10% 9% 16% 13% 14% 14% 10

  22. Slide 22: Financial Highlights

    Financial Highlights Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 22

  23. Slide 23: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 19.041 16.776 11.797 10.779 12.076 9,4% 9.767 13,5% 7.774 7.904 6.212 5.184 2018 2019 2020 2021 2022Q1 2018 2019 2020 2021 2022Q1 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 10.461 3.946 9.297 3.204 7.324 12,

  24. Slide 24: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 21Q1 22Q1 Change (%) P&L 21Q1 22Q1 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.342 1.970 47 1.342 1.970 47 Tech. Expenses -1.536 -2.403 56 -1.536 -2.403 56 Net Financial Inc. + Other Exp. (*) 392 674 72 347 626 80 Gross Profit 198 242 22 153 193 27 Tax & Deferre

  25. Slide 25: Net Income (₺ mn)

    Net Income (₺ mn) +19% Technical Earnings -432 197 Investment income 692 166 Dividend income 88 Amortization & Depreciation -30 Provisions -74 Rediscount -2 Other income 2 21Q1 22Q1 Tax -47 Net income 197 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations

  26. Slide 26: Solo & Consolidated Figures (₺ mn)

    Solo & Consolidated Figures (₺ mn) 700 30,0% 27,4% 28,6% 24,2% 590 600 23,9% 25,0% 21,2% 522 510 22,9% 500 449 461 18,7% 18,6% 17,4% 20,0% 403 400 16,7% 308 324 15,0% 300 197 10,0% 200 147 100 5,0% 0 0,0% 2018 2019 2020 2021 2022Q1 Net Profit Net Profit-Consolidated ROAE ROAE-Consolidated Copyright

  27. Slide 27: Investment Portfolio

    Investment Portfolio Deposits 16% Stock 8% In 22Q1; TRY 10,46 bn Dividend from ANHYT 88 mn TRY Investment Income 531 mn TRY Funds 8% Bonds Portfolio Return ~* 24% 68% * ANHYT dividend excluded. ‣TRY 9,23 bn at 31.12.2021 *Accrued yield in p&l table Copyright © 2022, Anadolu Sigorta. All rights reser

  28. Slide 28: Disclaimer Statement

    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 mean

  29. Slide 29: Thanks

    THANKS Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 29

Anadolu Anonim Türk Sigorta Şirketi — Q1 2022 Earnings Presentation on 6ix