Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Q2 2018 Earnings Presentation

25 slides from Allianz Malaysia Bhd's earnings presentation, Aug 21, 2018

  1. Slide 1: Allianz Malaysia Berhad Financial Results 2Q 2018 Analyst Briefing

    Allianz Malaysia Berhad (12428-W) Financial Results 2Q 2018 Analyst Briefing 21 August 2018

  2. Slide 2: AMB Group Results

    1 AMB Group Results 2

  3. Slide 3: Strong profitable growth

    Allianz Malaysia Berhad (12428-W) Strong profitable growth Operating revenue  Group operating revenue of RM2.58 billion, an increase of 7.3% as compared to corresponding period of RM2.40 billion due to higher gross earned premiums and investment income by RM139.2 million and RM36.3 million respecti

  4. Slide 4: Financial Highlights 6M 2018: Group Operating Revenue

    Allianz Malaysia Berhad (12428-W) Financial Highlights 6M 2018 Group Operating Revenue (RM’mil) General Business (RM’mil) +7.3% +4.4% 1,129.3 1,178.6 6M 2017 6M 2018 2,578.2 Life Business (RM’mil) 2,402.7 +10.0% 1,266.5 1,392.8 6M 2017 6M 2018 6M 2017 6M 2018 4

  5. Slide 5: Financial Highlights 6M 2018: Group Gross Written Premiums

    Allianz Malaysia Berhad (12428-W) Financial Highlights 6M 2018 Group Gross Written Premiums (“GWP”) (RM’mil) General Business (RM’mil) +3.6% -1.5% 1,112.0 1,095.8 6M 2017 6M 2018 2,276.0 2,196.5 Life Business (RM’mil) +8.8% 1,084.5 1,180.2 6M 2017 6M 2018 6M 2017 6M 2018 5

  6. Slide 6: Financial Highlights 6M 2018: Group Profit Before Tax

    Allianz Malaysia Berhad (12428-W) Financial Highlights 6M 2018 Group Profit Before Tax (RM’mil) PBT Drivers (RM’mil) +13.9% 243.5 +15.1 +16.6 213.7 (1.9) 243.5 213.7 PBT General Life Investment PBT 6M 2017 Business Business Holdings 6M 2018 6M 2017 148.8 66.9 (2.0) 213.7 6M 2018 165.4 82.0 (3.9) 243

  7. Slide 7: Financial Overview

    Allianz Malaysia Berhad (12428-W) Financial Overview 3 YEAR RM’mil 2015 2016 2017 6M 2017 6M 2018 CAGR Gross Written Premiums 4,132.7 4,182.6 4,285.4 2.6% 2,196.5 2,276.0 Management Expenses 464.8 513.2 603.8 11.5% 290.1 275.2 Expense Ratio (Non 16.9% 17.4% 20.3% (3.0) pts 19.8% 17.3% Life) Expense

  8. Slide 8: Summary of unaudited Financial Results

    Allianz Malaysia Berhad (12428-W) Summary of unaudited Financial Results RM’mil 6M 2017 6M 2018 18/17 % Operating revenue 2,402.7 2,578.2 7.3% Gross earned premiums 2,131.0 2,270.2 6.5% Premiums ceded to reinsurers (227.5) (187.5) 17.6% Net earned premiums (“NEP”) 1,903.5 2,082.7 9.4% Net change in

  9. Slide 9: General Business

    Allianz @i) General Business

  10. Slide 10: General Business

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business Gross written premiums  Gross written premium declined by 1.5% as compared to prior year. Net investment results  Stable growth in investment income. ✔ Profitability  Higher profit before tax due to higher underwritin

  11. Slide 11: General Business: GWP is 1.5% below prior year

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: GWP is 1.5% below prior year Gross Written Premiums (RM’mil) -1.5% Distribution Channel & Portfolio Mix Telemarketing 1,112.0 3.0% 1,095.8 Agent 62.9% Broker Motor 11.4% 61.8% Banca 1.5% 561.0 551.0 585.7 510.1 Franchis

  12. Slide 12: General Business: Stable growth in investment income

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Stable growth in investment income Net Investment Results/Net Operating Expenses (RM’mil) +9.9% Portfolio Mix and Investment Yield (Annualised) Portfolio Mix 86.9 79.1 Deposit Property Investment Yield 8.9% 0.4% Corp Bo

  13. Slide 13: General Business: Higher PBT due to higher underwriting profit

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Higher PBT due to higher underwriting profit Profit Before Tax (RM’mil) +11.2% PBT Drivers (RM’mil) 165.4 8.8 4.6 165.4 3.2 148.8 148.8 88.4 73.5 75.3 77.0 PBT UW Investment Others PBT 6M 2017 result income 6M 2018 6M 2

  14. Slide 14: General Business: Lower combined ratio due to lower expense ratio

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Lower combined ratio due to lower expense ratio Combined Ratio +0.5 pts 92.6% 92.0% 92.3% 90.7% 92.9% 91.8% 20.3% 19.3% 19.8% 16.7% 17.9% 17.3% 59.7% 60.6% 60.1% 61.1% 62.9% 62.0% 12.6% 12.1% 12.4% 12.9% 12.1% 12.5% 1Q

  15. Slide 15: General Business: Unaudited financial results at a glance

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Unaudited financial results at a glance RM’mil 6M 2017 6M 2018 18/17 % Gross written premiums 1,112.0 1,095.8 (1.5%) Gross earned premiums 1,046.5 1,090.0 4.2% Net earned premiums 901.4 952.9 5.7% Net change in claims

  16. Slide 16: Life Business

    Allianz @i) Life Business

  17. Slide 17: Life Business

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business Gross written premiums  Gross written premiums grew by 8.8%. Distribution  Agency ANP achieved 18.2% growth.  Remain focus on building professional and productive agency force.  Product mix  Focus on sales of investment-linked prod

  18. Slide 18: Life Business: Growth in both Single Premium and Recurring Premium

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Growth in both Single Premium and Recurring Premium Gross Written Premiums (“GWP”) (RM’mil) +8.8% 1,180.2 GWP Mix & Growth (%) (6M 2018) 1,084.5 608.2 Mix Single 555.0 572.0 Premium 529.5 21.1% 479.2 428.5 451.7 438.1 Recurring Premium

  19. Slide 19: Life Business: Growth in ANP driven by Agency and Employee Benefits channels

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Growth in ANP driven by Agency and Employee Benefits channels Annualised New Premiums (“ANP”) (RM’mil) ANP Channel Mix (%) +11.8% (6M 2018) 248.7 140.3 Alternative Corporate 222.5 5.4% 5.8 Distribution/ 1.6 Bancassurance 16.5% 21.3 110

  20. Slide 20: Life Business (Agency): Continue focus on profitable regular Investment-Linked products

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business (Agency): Continue focus on profitable regular Investment-Linked products Agency Annualised New Premiums (RM’mil) +18.2% Agency Product Mix (%) (6M 2018) 194.2 Traditional By ANP 30.2% By Policy Count 111.6 164.3 Traditional 15.4% 81.3

  21. Slide 21: Life Business: Protection Business (Investment-Linked) continues to grow

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Protection Business (Investment-Linked) continues to grow Annualised New Premiums (RM’mil) Gross Written Premiums (RM’mil) +4.4% +17.8% 135.5 593.8 129.8 504.1 70.3 292.8 301.0 67.3 65.2 62.5 248.0 256.1 1Q 2Q 1Q 2Q 1Q 2Q 1Q 2Q 2017 20

  22. Slide 22: Life Business: Lower net investment results due to fair value losses

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Lower net investment results due to fair value losses Investment Results by Investment Results funds (RM’mil) (RM’mil) >100.0% >100.0% Portfolio Mix and Investment Yield (LF+SHF) (%) (Annualized) 414.7 Cash Others Investment Yield Loan

  23. Slide 23: Life Business: Unaudited financial results at a glance

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Unaudited financial results at a glance RM’mil 6M 2017 6M 2018 18/17 % Gross written premiums 1,084.5 1,180.2 8.8% Premiums ceded to reinsurers (82.4) (50.4) 38.8% Net earned premiums 1,002.1 1,129.8 12.7% Net change in benefits and c

  24. Slide 24: Thank You for Your Attention

    Thank You for Your Attention Allianz @)

  25. Slide 25: Disclaimer

    Disclaimer These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-Looking Statements The statements contained herein may include statements of future levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency expecta

Allianz Malaysia Berhad — Q2 2018 Earnings Presentation on 6ix