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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q1 2023 Earnings Presentation

25 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, May 3, 2023

  1. Slide 1: Financial Results 23Q1 Earnings Call

    Financial Results 23Q1 Earnings Call 03.05.2023 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 _____________ 12 Financial Highlights _____________ 17 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 • Premium production at ₺92 bn (146,5% ytd) • Two devastating earthquakes in the southeastern Turkiye Motor Branches (MOD&MTPL) • MTPL gradual cap increase in Q1: %4,5 per month • MOD policy prices continue increasing • Constitutional Court’s cancellation decision weighs o

  5. Slide 5: Top 10 Non-Life Companies in the Sector

    Top 10 Non-Life Companies in the Sector (₺ Mn) Premium Production Premium Production Change Production Share by Companies 22Q1 23Q1 (%) Türkiye 13% Türkiye 5.669 12.175 114,8 Allianz 3.989 10.578 165,2 Other 31% Anadolu 4.148 9.147 120,5 Allianz 12% HDI 2.255 6.293 179,0 Axa 2.089 5.929 183,8 Top 5

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Core Business • MOD claims ratio recovered; %54 • Solid reinsurance coverage (earthquake net loss ≈ 137 mn TRY ) • Strong household policy demand post disaster (%292 premium increase in 2 months) MTPL • MTPL growth 106% vs. sector growth 166% in 23Q1, policies sold at cap prices

  7. Slide 7: Highlights – Branch Breakdown & Growth Rate

    Highlights – Branch Breakdown & Growth Rate OTHER 21% Health Motor Other 96% 170% 130% 76% ANSGR MOTOR 46% 83% TRY 9,1 bn 59% HEALTH 16% FIRE 22Q1 23Q1 22Q1 23Q1 22Q1 23Q1 17% OTHER Health Motor Other 24% 171% MOTOR 170% 115 42% % SECTOR 74% 73% TRY 92 bn 75% HEALTH 20% FIRE 22Q1 23Q1 14% 22Q1 23Q1

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 22Q1 23Q1 ΔYoY (%) 22Q1 23Q1 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 926 1.905 105,7 8.314 22.080 165,6 MOD 904 2.305 155,1 5.973 16.532 176,8 Fire and Nat. D. 701 1.532 118,6 5.367 13.066 143,5 Health 541 1.460 169,8 6.815

  9. Slide 9: Market Share & Rank

    Market Share & Rank Rank Market Share Market Share Market Share BRANCHES 23Q1 22Q1 23Q1 Change Aircraft Liability 1 47,9% 56,3% 8,4 MOD 2 15,1% 13,9% -1,2 Fire 2 13,1% 11,7% -1,4 Watercraft 2 36,2% 24,2% -12,0 MTPL 2 11,1% 8,6% -2,5 General Liability 2 11,7% 11,2% -0,5 Marine Transportation 2 12,3%

  10. Slide 10: Net Profit Drivers (₺ Mn)

    Net Profit Drivers (₺ Mn) -117 -7 Mn TL Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department (*) Transferred financial income is excluded 10

  11. Slide 11: Distribution Channels

    Distribution Channels Premium Production – ANSGR Premium Production – Sector 100.000 10.000 Millions 90.000 9.000 -3 13% -2 11% 80.000 8.000 +3 14% 16% 70.000 +1 7.000 15% 60.000 14% 6.000 +2 50.000 5.000 40.000 4.000 13% 16% 11% 30.000 15% 3.000 57% 13% 60% 14% 20.000 2.000 +2 -3 63% 10.000 55% 1.0

  12. Slide 12: Technical Results

    Technical Results Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 12

  13. Slide 13: GPW and Technical Earnings – Accident, Health

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +79,3% 403,0% +6,1 15,4 71,2% Accident 80 144 65,1% 3,1 22Q1 23Q1 22Q1 23Q1 22Q1 23Q1 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +169,9% -20,0 +89,2% 134,0% 1460 628 Health 332 114,0% 541 22Q1 23Q1 22Q1 23Q1 22Q1 23Q1 Co

  14. Slide 14: GPW and Technical Earnings – MTPL, MOD

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +155,0% +51,7% -73,2 2305 933 150,4% MOD 904 615 77,2% 22Q1 23Q1 22Q1 23Q1 22Q1 23Q1 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +105,7% +398,7% +122,6 1905 1975 228,0% MTPL 926 105,4% 396 22Q1 23Q1 22Q1 23Q1 22Q1 23Q1 Co

  15. Slide 15: GPW and Technical Earnings – Fire, General Losses

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +118,5% +68,1% -32,6 1532 306 127,8% Fire & Nat. D. 701 182 95,2% 22Q1 23Q1 22Q1 23Q1 22Q1 23Q1 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +104,5% -10,5% -43,8 863 131,7% 124 General Losses 422 111 87,9% 22Q1 23Q1 22Q1 2

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio 22Q1 23Q1 Claims Ratio 22Q1 23Q1 MOD 150,4% 77,2% MOD 122,5% 54,2% MPTL 105,4% 228,0% MPTL 77,0% 198,7% Fire 127,8% 95,2% Fire 73,4% 61,9% Health 134,0% 114,0% Health 106,0% 88,1% Accident 65,1% 71,2% Accident 5,2% 15,6% General Liability 63,4% 233,7% Ge

  17. Slide 17: Financial Highlights

    Financial Highlights Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 17

  18. Slide 18: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 35.168 30.706 24.176 20.438 14,5% 18,3% 16.776 10.779 12.076 7.774 9.767 6.212 2019 2020 2021 2022 23Q1 2019 2020 2021 2022 23Q1 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 18.599 6.048 17.536 5.204 6,1% -14,

  19. Slide 19: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 22Q1 23Q1 Change (%) P&L 22Q1 23Q1 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.970 4.515 129 1.970 4.515 129 Tech. Expenses -2.403 -5.657 135 -2.403 -5.657 135 Net Financial Inc. + Other Exp. (*) 676 707 5 626 686 10 Gross Profit 243 -435 -279 193 -456 -336 Tax

  20. Slide 20: Net Income (₺ mn)

    Net Income (₺ mn) -159% Technical Earnings -1.142 Investment income 686 197 Dividend income 100 Amortization & Depreciation -48 Provisions -46 Rediscount 8 22Q1 23Q1 Other income 7 -117 Tax 318 Net income -117 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relat

  21. Slide 21: Solo & Consolidated Figures (₺ mn)

    Solo & Consolidated Figures (₺ mn) 1600 40,8% 40,0% 1400 1324 35,0% 1200 1133 32,3% 30,0% 1000 28,6% 800 21,2% 24,9%* 25,0% 24,2% 23,9% 590 600 510 522 20,0% 449 461 403 18,6% 400 17,4% 16,2%* 15,0% 200 10,0% 0 2019 2020 2021 2022 23Q1 5,0% -200 -117 -138 -400 0,0% Net Profit Net Profit-Consolidated

  22. Slide 22: Investment Portfolio

    Investment Portfolio Deposits 21% Bonds In 23Q1; 38% TRY 18,6 bn Dividend from ANHYT 100 mn TRY Investment Income 770 mn TRY Stock 19% Portfolio Return ~* 18% * ANHYT dividend excluded. Funds 22% ‣TRY 10,5 bn at 31.03.2022 ‣TRY 17,5 bn at 31.12.2022 *Accrued yield in p&l table Copyright © 2022, Anad

  23. Slide 23: Investment Portfolio Breakdown

    Investment Portfolio Breakdown Bonds Bank Deposits 3-9 CPI Linked Month Bonds (TL) 3% 19% 1-3 Month 28% Corporate Bonds (TL) 1% TRY 3,9 bn TRY 7,0 bn Demand Corporate Deposits Sovereign Eurobonds 5% Eurobonds 21% Up to 1 59% Month 64% Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Mana

  24. Slide 24: 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

  25. Slide 25: Thanks

    THANKS Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 25

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