Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR
Anadolu Anonim Turk Sigorta Sirketi A.s — Q3 2019 Earnings Presentation
22 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Oct 31, 2019
Slide 1: Financial Results 19Q3 Earnings Call
Financial Results 19Q3 Earnings Call Oct 31, 2019
Slide 2: Content
Company & Market Overview 3 CONTENT Technical Results 10 Financial Highlights 15 2
Slide 3: Company & Market Overview
Company & Market Overview Technical Results Financial Highlights 3
Slide 4: Top Non-Life Companies in the Sector – 19M9
Top 10 Non-Life Companies in the Sector – 19M9 Premium Premium Change Production Share by Companies (₺ Mn) Production Production (YoY) (%) Allianz 19M9 18M9 11,8% Allianz 4.826 4.121 17,1% Other Anadolu Anadolu 4.636 4.078 13,7% 35,8% 11,3% Aksigorta 3.118 2.446 27,4% Axa 2.782 2.294 21,3% Aksigorta
Slide 5: Premium Production – Sector (mn. TRY)
Premium Production – Sector (mn. TRY) Change (%) BRANCHES 19M9 18M9 (YoY) MTPL 13.328 11.484 16,1% MOD 6.546 5.437 20,4% Health 5.955 4.436 34,2% Fire 5.776 4.772 21,0% General Losses 4.491 4.097 9,6% Accident 1.664 1.315 26,5% General Liability 1.226 988 24,0% Marine Transportation 705 589 19,7% Fi
Slide 6: Highlights of 19Q3 - Anadolu
Highlights of 19Q3 - Anadolu % 19Q1 19Q2 19Q3 Recovering Technical Combined Ratio 112,7 113,2 108,7 Results % 3M19 6M19 9M19 Combined Ratio 112,7 112,9 111,4 (mn TRY) FY18 19M9 Change(%) Growing Investment AUM 4.674 5.532 18,4% Portfolio Credit Card 452 500 10,6% Total 5.125 6.031 17,7% 6
Slide 7: Premium Production – 19M9
Premium Production – 19M9 19M9 Anadolu Sigorta (₺ Mn) Other 23% MTPL 27% 19M9 18M9 ΔYoY Health 13% MOD 19% Branch GPW GPW Growth Fire 18% MTPL 1.257 1.135 10,8% MOD 867 746 16,2% 18M9 Other MTPL Fire and Nat. D. 832 730 14,0% 23% 28% Health 611 532 14,8% Health 13% MOD Other 1.069 935 14,3% Fire 18%
Slide 8: Market Share & Rank (mn. TRY)
Market Share & Rank (mn. TRY) Rank Market Share BRANCHES 19M9 18M9 Growth 19M9 19M9 MTPL 1.257 1.135 1 9,4% 10,8% MOD 867 746 1 13,2% 16,2% Fire 832 730 1 14,4% 14,0% General Liability 257 195 1 21,0% 31,8% Marine Transportation 114 81 1 16,1% 41,0% Watercraft 104 80 1 32,8% 29,1% Aircraft 44 30 1 4
Slide 9: Distribution Channels – 19M9
Distribution Channels – 19M9 Premium Production – Sector Premium Production – ANSGR Other Other 11,5% 14,7% Broker 13,1% Broker 10,9% Agency Agency Bank Bank 61,4% 62,4% 14,0% 12,1% 334 MSU (direct sales staff)
Slide 10: Technical Results
Company & Market Overview Technical Results Financial Highlights 10
Slide 11: Branch Technical Results (mn. TRY)
Branch Technical Results (mn. TRY) Change Change 18Q3 19Q2 19Q3 (YoY) (QoQ) GPW 33,3 36,3 37,3 12,0% 3,0% Accident Earned Pr. 30,8 33,0 30,7 -0,3% -7,0% Claims (Net) -8,6 -5,0 -5,4 -37,2% 8,1% Claims Ratio 27,9% 15,1% 17,6% -37,1% 16,2% Change Change 18Q3 19Q2 19Q3 (YoY) (QoQ) GPW 106,4 204,0 149,2
Slide 12: Branch Technical Results (mn. TRY)
Branch Technical Results (mn. TRY) Change Change 18Q3 19Q2 19Q3 (YoY) (QoQ) GPW 244,1 303,3 270,4 10,7% -10,9% Land Earned Pr. 253,6 289,4 299,8 18,2% 3,6% Vehicles Claims (Net) -236,8 -171,4 -215,7 -8,9% 25,8% Claims Ratio 93,4% 59,2% 71,9% -23,0% 21,5% Change Change 18Q3 19Q2 19Q3 (YoY) (QoQ) GPW
Slide 13: Branch Technical Results (mn. TRY)
Branch Technical Results (mn. TRY) Change Change 18Q3 19Q2 19Q3 (YoY) (QoQ) GPW 381,6 415,3 436,8 14,5% 5,2% MTPL Earned Pr. 247,2 228,3 263,5 6,6% 15,5% Claims (Net) -291,5 -274,3 -311,9 7,0% 13,7% Claims Ratio 117,9% 120,2% 118,4% 0,4% -1,5% Change Change 18Q3 19Q2 19Q3 (YoY) (QoQ) GPW 211,1 344,3
Slide 14: Profitability – Combined Ratio
Profitability – Combined Ratio Combined Ratio 18Q3 19Q2 19Q3 19M9 18M9 MOD 119,2% 87,4% 96,6% 93,9% 108,9% MTPL 131,4% 142,1% 139,1% 139,2% 123,9% Fire 137,7% 103,4% 109,5% 106,2% 111,2% Health 100,5% 118,9% 94,9% 114,9% 110,5% Accident 66,8% 72,4% 71,5% 63,9% 70,4% General Liability 152,8% 177,7% 1
Slide 15: Financial Highlights
Company & Market Overview Technical Results Financial Highlights 15
Slide 16: Growth Performance
Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 8.639 5.788 7.853 5.184 6.929 4.456 5.840 10% 3.914 12% 4.677 2.934 3.773 2.282 2014 2015 2016 2017 2018 19M9 2014 2015 2016 2017 2018 19M9 Cash and Marketable Sec. (mn TRY) (*) Shareholders' Equity (mn TRY) 1.846 5.760 1.639 1.646
Slide 17: Income Statement (₺ mn)
Income Statement (₺ mn) Change (%) Change (%) P&L 19Q3 18Q3 19M9 18M9 (YoY) (YoY) Tech. Income (*) 1.109 988 12% 3.131 2.682 17% Tech. Expenses -1.204 -1.179 2% -3.485 -3.037 15% Net Financial Inc. + Other Exp. (*) 198 268 -26% 757 650 16% Deferred Tax -29 49 -159% -27 55 -148% Gross Profit 74 126 -
Slide 18: Balance Sheet
Balance Sheet Change Change Assets 09.19 12.18 Liabilities 09.19 12.18 (%) (%) Cash + Marketable Sec. 6.065 5.101 18,9% Technical Provisions 5.788 5.185 11,6% Equity Participations 450 517 -13,0% Shareholders' Equity 1.846 1.646 12,2% Other Assets 2.429 2.286 6,3% Other Liabilities 1.309 1.073 22,0%
Slide 19: Growth Performance
Growth Performance 10.000 60,0% 30,3% 9.000 8.944 27,4% 50,0% 8.000 7.904 7.000 7.032 40,0% 17,7% 6.000 5.974 5.532 5.000 30,0% 4.888 10,5% 4.673 22,7% 4.000 4.117 18,7% 3.773 9,9% 8,7% 20,0% 3.410 13,2% 3.000 2.408 7,4% 2.000 7,6% 1.927 1.846 10,0% 5,9% 1.639 1.646 1.000 1.202 1.223 1.051 184 308 3
Slide 20: Investment Portfolio
Investment Portfolio Forward Bonds 5% 11% Repo 2% Funds 7% In 19M9; Dividend from ANHYT 26 mn TRY * TRY 5,53 bn Investment Income * 827 mn TRY Stock 3% Average Portfolio Income ~ 24% * ANHYT dividend excluded. Deposits* 72% %18 YoY increase in Investment Income ‣TRY 5,19 bn at 30.06.2019 *305 mn TRY
Slide 21: 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
Slide 22: Q&A
RWkoows SIGORTA Never lose. Q&A
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