Aksigorta As · BIST:AKGRT
Aksigorta As — 9M 2013 Earnings Presentation
12 slides from Aksigorta As's earnings presentation, September 2013
Slide 1: 2013 September Results
2013 September Results AKSigorta
Slide 2: Growth in Bank Channel decreases CoR
Growth in Bank Channel decreases CoR 2 1.144 Excluding MTPL business Aksigorta Premium 15% growth is %19 ≈ market growth 997 Production 30% GWP growth in bank channel (M TL) 12'9M 13'9M *98 95 Combined Ratio Combined Ratio 3 pp 12'9M 13'9M 143 94 MTL is net PL impact of - Gain on Sale of Bui
Slide 3: Strategies defined to create the "Future Aksigorta"
Strategies defined to create the “Future Aksigorta” 3 Operational Product Excellence Aksigorta Transformation Program “Sustainable Profitability” Service Channel Excellence Investor Presentation
Slide 4: Non motor portfolio share increased by 4pp
Non motor portfolio share increased by 4pp 4 August 2013, market September 2013, Aksigorta in motor 1pp in non-motor 4pp 50% 51% 48% 46% MARKET AKSİGORTA Motor Motor Non-Motor Non-Motor Health Health 38% 37% 41% 38% 12% 11% 14% 13% 2012 August 2013 August 2012 September 2013 September Investor Prese
Slide 5: Bank channel continues to grow over the market with 30%
Bank channel continues to grow over the market with 30% 5 2013 August, market September 2013, Aksigorta Almost stable Bank 2pp. MARKET AKSİGORTA 61% 61% Agencies 68% 68% Agencies Banks Banks Brokers Brokers Direct Sales Direct Sales 15% 17% 14% 14% 11% 10% 12% 11% 6% 7% 13% 12% 2012 August 2013 Augu
Slide 6: Technical margin and bottom line profitability is increasing
Technical margin and bottom line profitability is increasing 6 Combined Ratio UW Result Loss Ratio ROE 105 101% *98% 95% *62 43 75% *71% 66% 5% 11% **17% 11'9M 12'9M 13'9M *10,4 MTL one off SSI impact is adjusted in UW result, LR and CoR in 2012 results. ** Gain on HQ Building Sale and Merter BV imp
Slide 7: Increase in technical profit by the decrease in loss ratio
Increase in technical profit by the decrease in loss ratio 7 Income Statement (TRL Million) 10’YE 11’YE 12’YE 11’9M 12’9M 13’9M Gross Written Premiums 886 1.137 1.311 861 997 1.144 Net Written Premiums 619 838 930 635 709 810 Net Earned Premiums 590 750 891 544 661 735 Claims (net) -462 -544 -623 -4
Slide 8: Improvement in technical margin tracks each quarter
Improvement in technical margin tracks each quarter 8 Income Statement (TRL Million) 12’Q1 12’Q2 12’Q3 13’Q1 13’Q2 13’Q3 Q3/Q2 13/12 Gross Written Premiums 370 336 291 411 354 379 7% 30% Net Written Premiums 255 238 216 273 253 284 12% 32% Net Earned Premiums 214 219 229 238 245 252 3% 10% Claims (n
Slide 9: Improving ROE thanks to strong profit generation
Improving ROE thanks to strong profit generation 9 (TL Million) 10’YE 11’YE 12’YE 11’9M 12’9M 13’9M Cash and Marketable Securities 501 591 627 586 643 821 Receivables 413 452 475 427 447 499 Other Assets 71 93 116 100 109 144 Participations 30 30 30 30 30 20 Fixed Assets 44 43 44 42 44 29 Total Asse
Slide 10: Aksigorta share performed +42% relative to index
Aksigorta share performed +42% relative to index TL 10 Broker Report Date Target Price Merrill Lynch 07/10 2,92 Ak Yatırım 16/09 3,42 Deutsche Bank 05/09 3,23 Investor Presentation
Slide 11: Contact Information & Disclaimer
Contact Information & Disclaimer 11 For further information please contact with; (Mr.) Osman Akkoca, Financial Control Manager and (Ms.) Gülnur Kurt, Accounting Manager (T) +90 212 393 43 00 investor.relations@aksigorta.com.tr www.aksigorta.com.tr/en/yatirimci_iliskileri.php Aksigorta A.Ş. Meclis-i
Slide 12: THANK YOU
Contact Information & Disclaimer 12 For further information please contact with; (Mr.) Osman Akkoca, Financial Control Manager (Mrs.) Gülnur Tüccar, Accounting Manager Aksigorta A.Ş. Meclis-i Mebusan Caddesi No 67 Fındıklı 34427 İstanbul Türkiye (T) +90 212 393 43 00 (F) +90 212 334 39 00 investor.r