Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Q2 2019 Earnings Presentation

27 slides from Allianz Malaysia Bhd's earnings presentation, Aug 23, 2019

  1. Slide 1: Allianz Malaysia Berhad Financial Results 2Q 2019 Analyst Briefing

    Allianz Malaysia Berhad (12428-W) Financial Results 2Q 2019 Analyst Briefing 23 August 2019

  2. Slide 2: AMB Group Results

    Allianz @i) AMB Group Results

  3. Slide 3: Profitable growth from Diversification in Two Strong Pillars of Businesses

    Allianz Malaysia Berhad (12428-W) Profitable growth from Diversification in Two Strong Pillars of Businesses Operating revenue  Group operating revenue of RM2.71 billion, an increase of 5.1% as compared to corresponding period of RM2.58 billion due to higher gross earned premiums and investment inc

  4. Slide 4: Financial Highlights 6M 2019: Operating Revenue

    Allianz Malaysia Berhad (12428-W) Financial Highlights 6M 2019 Operating Revenue (RM’mil) General Business (RM’mil) +5.1% -2.1% 1,178.6 1,153.4 6M 2018 6M 2019 2,710.3 Life Business (RM’mil) 2,578.2 +11.3% 1,392.8 1,550.0 6M 2018 6M 2019 6M 2018 6M 2019 4

  5. Slide 5: Financial Highlights 6M 2019: Gross Written Premiums

    Allianz Malaysia Berhad (12428-W) Financial Highlights 6M 2019 Gross Written Premiums (“GWP”) (RM’mil) +4.8% General Business (RM’mil) -2.5% 1,095.8 1,068.7 6M 2018 6M 2019 2,276.0 2,385.8 Life Business (RM’mil) +11.6% 1,180.2 1,317.1 6M 2018 6M 2019 6M 2018 6M 2019 5

  6. Slide 6: Financial Highlights 6M 2019: Profit Before Tax and Drivers

    Allianz Malaysia Berhad (12428-W) Financial Highlights 6M 2019 Profit Before Tax (RM’mil) PBT Drivers (RM’mil) +35.1% +75.6 -1.9 329.0 243.5 +11.8 329.0 PBT General Life Investment PBT 243.5 6M 2018 Business Business Holding 6M 2019 6M 2018 165.4 82.0 (3.9) 243.5 6M 2019 177.2 157.6 (5.8) 329.0 Chan

  7. Slide 7: Financial Overview

    Allianz Malaysia Berhad (12428-W) Financial Overview 3 YEAR RM’mil 2016 2017 2018 6M 2018 6M 2019 CAGR Gross Written Premiums 4,182.6 4,285.4 4,504.8 2.9% 2,276.0 2,385.8 Management Expenses 513.2 603.8 554.9 6.1% 275.2 287.3 Expense Ratio (Non 17.4% 20.3% 18.4% (1.5) pts 17.3% 18.8% Life) Expense R

  8. Slide 8: Summary of unaudited Financial Results

    Allianz Malaysia Berhad (12428-W) Summary of unaudited Financial Results RM’mil 6M 2018 6M 2019 19/18 % Operating revenue 2,578.2 2,710.3 5.1% Gross earned premiums 2,270.2 2,378.2 4.8% Premiums ceded to reinsurers (187.5) (173.1) 7.7% Net earned premiums (“NEP”) 2,082.7 2,205.1 5.9% 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 2.5% as compared to prior year. Profitability  Higher profit before tax due to higher underwriting profit. ✔ Net investment results  Stable growth in investmen

  11. Slide 11: General Business: GWP is 2.5% below prior year

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: GWP is 2.5% below prior year Gross Written Premiums (RM’mil) -2.5% Distribution Channel & Portfolio Mix Telemarketing 2.9% 1,095.8 1,068.7 Agent 62.7% Broker 7.6% Motor Banca 62.3% 1.9% 585.7 548.3 510.1 520.4 Franchise

  12. Slide 12: 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) +7.1% PBT Drivers (RM’mil) 177.2 5.5 5.1 177.2 1.2 165.4 165.4 88.4 91.5 85.7 77.0 PBT UW Investment Others PBT 6M 2018 result income 6M 2019 6M 20

  13. Slide 13: 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) +7.2% Portfolio Mix and Investment Yield (Annualised) Portfolio Mix 93.2 86.9 Investment Yield 0.4 Deposit Property 8.9% 0.4% Cor

  14. Slide 14: General Business: Lower Combined ratio due to lower Claims ratio

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Lower Combined ratio due to lower Claims ratio Combined Ratio -1.0 pts 90.6% 92.9% 91.8% 91.3% 90.3% 90.8% 16.7% 17.9% 17.3% 17.2% 18.8% 20.4% 61.1% 62.9% 62.0% 58.7% 61.1% 59.9% 12.8% 12.1% 12.5% 12.2% 12.0% 12.1% 1Q 2

  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 2018 6M 2019 19/18 % Gross written premiums 1,095.8 1,068.7 (2.5%) Gross earned premiums 1,090.0 1,061.1 (2.7%) Net earned premiums 952.9 920.8 (3.4%) Net change in cla

  16. Slide 16: General Business: Performance compared to Industry (Jan-June 2019)

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Performance compared to Industry (Jan-June 2019) AGIC Industry 1 Takaful 2 KPIs 6M 2019 6M 2019 6M 2019 GWP growth -2.5% -1.7% 16.4% Commission ratio 12.1% 10.2% 9.7% Claims ratio • Overall 59.9% 58.9% 56.6% • Motor 63.

  17. Slide 17: Life Business

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) 3 Life Business 17

  18. Slide 18: Life Business

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business Gross written premiums  Gross written premiums grew by 11.6%. Distribution  Total Company ANP grew by 14.7%  Agency ANP achieved 10.4% growth. Remain focus on building professional and productive agency force.  Bancassurance perform

  19. Slide 19: Life Business: Y-o-Y growth in both Single Premium and Recurring Premium

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Y-o-Y growth in both Single Premium and Recurring Premium Gross Written Premiums (“GWP”) (RM’mil) +11.6% GWP Mix & Growth (%) (6M 2019) 1,317.1 1,180.2 Mix Single Premium 21.0% 657.9 659.2 608.2 572.0 498.0 Growth Recurring 479.2 543.1

  20. Slide 20: Life Business: Growth in ANP driven by Agency, Bancassurance and Employee Benefits

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Growth in ANP driven by Agency, Bancassurance and Employee Benefits channels Annualised New Premiums (“ANP”) (RM’mil) ANP Channel Mix (%) +14.7% (6M 2019) 285.3 Corporate Alternative 5.6% 167.8 Distribution/ 248.7 7.1 Bancassurance 0.2

  21. Slide 21: 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) +10.4% Agency Product Mix (%) (6M 2019) 214.3 Traditional By ANP 194.2 133.0 24.9% By Policy Count 111.6 Traditional 15.4%

  22. Slide 22: 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) +18.7% +13.2% 160.9 672.3 135.5 593.8 94.8 341.2 70.3 331.1 65.2 66.1 301.0 292.8 1Q 2Q 1Q 2Q 1Q 2Q 1Q 2Q 2018 2

  23. Slide 23: Life Business: Higher net investment results due to fair value gains

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Higher net investment results due to fair value gains Investment Results by Investment Results funds (RM’mil) (RM’mil) >100% >100% Portfolio Mix and Investment Yield (LF+SHF) 533.4 533.4 (%) (Annualized) Others Investment Yield Cash 9.

  24. Slide 24: 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 2018 6M 2019 19/18 % Gross written premiums 1,180.2 1,317.1 11.6% Premiums ceded to reinsurers (50.4) (32.8) 34.9% Net earned premiums 1,129.8 1,284.3 13.7% Net change in benefits and

  25. Slide 25: Allianz Life: ANP growth driven by all distribution channels

    Allianz Life Insurance Malaysia Berhad (104248-X) Allianz Life: ANP growth driven by all distribution channels Market growth analysis (6M 2019) Annualised New Business 5-year CAGR 6M 2019 Growth 12M 2018 Growth (2013-2018) ALIM Industry Market Market ALIM Industry Distribution Channel ALIM Industry

  26. Slide 26: Thank You for Your Attention

    Thank You for Your Attention Allianz @)

  27. Slide 27: 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

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