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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q3 2020 Earnings Presentation

26 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Nov 2, 2020

  1. Slide 1: Financial Results 20Q3 Earnings Call

    Financial Results 20Q3 Earnings Call Nov 2, 2020

  2. Slide 2: Company & Market Overview

    Company & Market Overview Technical Results Financial Highlights 2

  3. Slide 3: Highlights 20Q3 Sector

    Highlights 20Q3 Sector Sector Performance & Pandemic Impacts  Premium production at ₺48 bn (17% ytd),  3Q growth (19% QoQ) despite Covid-19 Normalization in motor claims  Claims frequency back to pre-pandemic levels  Increasing rates balances higher claim expenses due to TRY devaluation Policy r

  4. Slide 4: Highlights of 20M9 Sector

    Highlights of 20M9 Sector Health Motor Other 22% 18% 30% TRY 48 bn 11% 24% 20M9 Gross revenues 20% +17% 20M9 20Q3 20M9 20Q3 20M9 20Q3 4

  5. Slide 5: Top Non-Life Companies in the Sector – 20M9

    Top 10 Non-Life Companies in the Sector – 20M9 Production Share by Companies Premium Premium Change Türkiye (₺ Mn) Production Production (YoY) (%) 20M9 19M9 13% Other Türkiye 6.269 4.974 26,0% 29% Allianz Allianz 5.671 4.826 17,5% 12% Anadolu 5.661 4.636 22,1% Aksigorta 3.536 3.118 13,4% Axa 3.156 2

  6. Slide 6: Highlights 20Q3 Anadolu

    Highlights 20Q3 Anadolu Balanced business profile for hardening market conditions  Ranked first in most of non-life insurance branches  Premium production at ₺5,7bn (22% ytd), strong 3Q growth (33% QoQ) despite Covid-19 Strong growth in assets under management amount  Proactive cash flow manageme

  7. Slide 7: Highlights of 20M9 Anadolu

    Highlights of 20M9 Anadolu Health Motor Other 45% 20% 21% TRY 5,7 bn 14% 26% 20M9 Gross Written 19% Premiums +22% 20M9 20Q3 20M9 20Q3 20M9 20Q3 7

  8. Slide 8: Premium Production 20M9

    Premium Production 20M9 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 20M9 19M9 ΔYoY 20M9 19M9 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 1.660 1.257 32,0% 14.733 13.328 10,5% MOD 1.020 867 17,6% 7.261 6.546 10,9% Fire and Nat. D. 991 832 19,2% 7.285 5.776 26,1% Health 695 611 13,7% 7.251 5.955

  9. Slide 9: Market Share & Rank (TRY mn)

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 20M9 19M9 Growth 20M9 20M9 MTPL 1.660 1.257 1 11,3% 32,0% MOD 1.020 867 1 14,0% 17,6% General Liability 284 257 1 18,3% 10,6% Watercraft 134 104 1 29,6% 29,1% Aircraft 80 44 1 56,0% 80,5% Aircraft Liability 44 34 1 77,8% 28,2% Fire 991 832 2 13

  10. Slide 10: Highlights of 20M9 Anadolu

    Highlights of 20M9 Anadolu +23 +94 -46 380 Net Profit 310 Drivers (TRY mn) (*) (*) Transferred investment income excluded  Motor & Health branches positive effect  22.8% increase 10 10

  11. Slide 11: Distribution Channels 20M9

    Distribution Channels 20M9 Premium Production – Sector Premium Production – ANSGR +17% 6.000 +22% 50.000 45.000 15% 14% 5.000 +3% 40.000 11% 11% 14% 15% 35.000 4.000 +1% 11% 13% -1% 11% 30.000 14% 14% 12% 25.000 3.000 20.000 -3% 15.000 2.000 +1% 58% 63% 61% 10.000 62% 1.000 5.000 - TRY mn 2019M9 202

  12. Slide 12: Technical Results

    Company & Market Overview Technical Results Financial Highlights 12

  13. Slide 13: Accident | GPW and Technical Earnings

    Accident | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +12,5% +56,4% +1,4% 42 8 37 71,5% 72,9% 5 19Q3 20Q3 19Q3 20Q3 19Q3 20Q3 13

  14. Slide 14: Health | GPW and Technical Earnings

    Health | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +21% +12,5% -1,6% 181 146 94,9% 93,3% 149 130 19Q3 20Q3 19Q3 20Q3 19Q3 20Q3 14

  15. Slide 15: Land Vehicles | GPW and Technical Earnings

    Land Vehicles | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +32,6% +47,8% +13,7% 359 319 110,2% 96,6% 270 216 19Q3 20Q3 19Q3 20Q3 19Q3 20Q3 15

  16. Slide 16: General Losses | GPW and Technical Earnings

    General Losses| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +34,9% +49,1% +16,4% 91 76 102,5% 86,1% 68 51 19Q3 20Q3 19Q3 20Q3 19Q3 20Q3 16

  17. Slide 17: Fire | GPW and Technical Earnings

    Fire| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +16,6% +37,7% +40,1% 132 149,6% 269 96 109,5% 231 19Q3 20Q3 19Q3 20Q3 19Q3 20Q3 17

  18. Slide 18: MTPL | GPW and Technical Earnings

    MTPL| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +52,4% +6,4% -18,9% 139,1% 666 332 120,2% 437 312 19Q3 20Q3 19Q3 20Q3 19Q3 20Q3 18

  19. Slide 19: Profitability Combined Ratio

    Profitability Combined Ratio Combined Ratio FY19 20M9 107,3% MOD 91,2% 93,7% MTPL 135,6% 107,6% Fire 101,1% 124,8% Health 113,4% 97,4% Accident 66,3% 60,2% General Liability 157,6% 220,0% General Losses 101,5% 101,1% Total 110,8% 107,3% 108% 113% 111% 107% 9% 10% 13% 11% 14% 13% 14% 14% 85% 90% 84%

  20. Slide 20: Financial Highlights

    Company & Market Overview Technical Results Financial Highlights 20

  21. Slide 21: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 7.368 11.275 9.767 6.212 7.853 15,4% 5.184 6.929 4.456 18,6% 5.840 3.914 2016 2017 2018 2019 2020M9 2016 2017 2018 2019 2020M9 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 6.885 5.894 2.480 2.155 4.674 16,8% 4

  22. Slide 22: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) Change (%) P&L 20Q3 20Q2 19Q3 (QoQ) (YoY) Tech. Income (*) 1.321 1.176 1.109 12% 19% Tech. Expenses -1.483 -1.225 -1.204 21% 23% Net Financial Inc. + Other Exp. (*) 293 203 212 44% 38% Gross Profit 130 154 117 -15% 12% Tax & Deferred Tax -29 -27 -37 8% -24% Net Pro

  23. Slide 23: Net Income (mn TRY)

    Net Income (mn TRY) Technical Earnings -259 Investment income +22,8% 782 380 Dividend income 56 310 Amortization & Depreciation -56 Provisions -64 Rediscount 5 Other income 3 19M9 20M9 Tax -86 Net income 380 23

  24. Slide 24: Investment Portfolio

    Investment Portfolio Others (*) 1% Deposits 37% In 20M9; Dividend from ANHYT 56 mn TRY TRY 6,88 bn Bonds 50% Investment Income * 668 mn TRY Portfolio Return ~ 14,7% * ANHYT dividend excluded. Funds 9% Stock 3% ‣TRY 6,54 bn at 30.06.2020 ➢ (*) Repo + Forward 24

  25. Slide 25: 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

  26. Slide 26: Q&A

    - ‘wha a a s ‘2 ANADOLU SIGORTA Never lose. Q&A

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