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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q4 2020 Earnings Presentation

27 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Feb 2, 2021

  1. Slide 1: Financial Results 20Q4 Earnings Call

    Financial Results 20Q4 Earnings Call Feb 2, 2021

  2. Slide 2: Company & Market Overview

    Company & Market Overview Technical Results Financial Highlights 2

  3. Slide 3: Highlights 20Q4 Sector

    Highlights 20Q4 Sector Sector Performance & Pandemic Impacts  Premium production at ₺68 bn (18% ytd),  4Q growth (19% QoQ) despite Covid-19 Motor Branches (MOD&MTPL)  Claims frequency vs. higher claim expenses  Weekend lockdowns, cost increase due to TRY devaluation, minimum wage Health Branch 

  4. Slide 4: Highlights of FY20 Sector

    Highlights of FY20 Sector Health Motor Other TRY 68 bn 21% 18% 11% 12% 25% 30% FY20 Gross revenues +18% FY20 20Q4 FY20 20Q4 FY20 20Q4 4

  5. Slide 5: Top Non-Life Companies in the Sector – FY20

    Top 10 Non-Life Companies in the Sector – FY20 Production Share by Companies Premium Premium Change (₺ Mn) Production Production Türkiye FY20 FY19 (YoY) (%) 13% Other Türkiye 8.887 7.165 24,0% 29% Allianz 8.135 6.923 17,5% Allianz 12% Anadolu 8.016 6.607 21,3% Aksigorta 5.272 4.474 17,9% Axa 4.657 4

  6. Slide 6: Highlights 20Q4 Anadolu

    Highlights 20Q4 Anadolu Balanced business profile for hardening market conditions  Ranked as market leader in most of major non-life insurance branches  Premium production at ₺8bn (21% ytd), 4Q growth (19% QoQ) despite Covid-19  Strong Fire and Health growth in Q4 (27% and 20%) Strong growth in A

  7. Slide 7: Highlights of FY20 Anadolu

    Highlights of FY20 Anadolu Health Motor Other 26% 8 20% 22% 22% TRY bn 15% 15% FY20 Gross Written Premiums +21% FY20 20Q4 FY20 20Q4 FY20 20Q4 7

  8. Slide 8: Premium Production FY20

    Premium Production FY20 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) FY20 FY19 ΔYoY FY20 FY19 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 2.305 1.807 27,6% 20.487 18.712 9,5% MOD 1.506 1.305 15,4% 10.737 9.406 14,2% Fire and Nat. D. 1.423 1.172 21,5% 10.586 8.447 25,3% Health 948 823 15,2% 10.09

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

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES FY20 FY19 Growth FY20 FY20 MTPL 2.305 1.807 1 11,2% 27,6% MOD 1.506 1.305 1 14,0% 15,4% General Liability 356 334 1 16,2% 6,6% Watercraft 201 153 1 32,3% 31,2% Aircraft 142 56 1 38,4% 154,1% Bond Insurance 26 15 1 20,6% 66,7% Fire 1.423 1.172 2

  10. Slide 10: Highlights of FY20 Net Profit Drivers

    Highlights of FY20 Net Profit Drivers +134 -73 -4 461 403 Unconsolidated (TRY mn) +134 -73 510 449 Consolidated (TRY mn) 10 10

  11. Slide 11: Distribution Channels FY20

    Distribution Channels FY20 Premium Production – Sector Premium Production – ANSGR +18% 9.000 +21% 70.000 8.000 60.000 14% 13% +3% 7.000 -1% 11% 14% 11% 50.000 14% +1% 6.000 13% 14% 13% 11% 40.000 +1% 5.000 15% 13% 30.000 4.000 -4% 3.000 +1% 20.000 58% 62% 63% 2.000 62% 10.000 1.000 - TRY mn FY19 FY2

  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 -6,6% -17,7% -19,6% 51 48 6 72,9% 5 53,3% 19Q4 20Q4 19Q4 20Q4 19Q4 20Q4 13

  14. Slide 14: Health | GPW and Technical Earnings

    Health | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +19,5% -11,1% -18% 254 109,3% 157 212 139 91,3% 19Q4 20Q4 19Q4 20Q4 19Q4 20Q4 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 +74,9% +20,1% +11,1% 302 103,7% 486 83,6% 173 438 19Q4 20Q4 19Q4 20Q4 19Q4 20Q4 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 +11,1% +35,7% -1,5% 81 118,6% 152 117,2% 59 137 19Q4 20Q4 19Q4 20Q4 19Q4 20Q4 16

  17. Slide 17: Fire | GPW and Technical Earnings

    Fire| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +27,1% +41,6% -5,1% 432 88 86,7% 81,6% 340 62 19Q4 20Q4 19Q4 20Q4 19Q4 20Q4 17

  18. Slide 18: MTPL | GPW and Technical Earnings

    MTPL| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +17,3% +28,7% -2,6% 376 126,0% 123,3% 644 549 292 19Q4 20Q4 19Q4 20Q4 19Q4 20Q4 18

  19. Slide 19: Profitability Combined Ratio

    Profitability Combined Ratio Combined Ratio FY19 FY20 MOD 91,2% 96,4% MTPL 135,6% 112,0% Fire 101,1% 110,7% Health 113,4% 95,8% Accident 66,3% 58,3% General Liability 157,6% 216,4% General Losses 101,5% 105,2% Total 110,8% 106,4% 108% 113% 111% 106% 9% 10% 13% 13% 10% 14% 14% 14% 85% 90% 84% 82% 201

  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) 7.774 12.076 6.212 9.767 5.184 25,1% 7.853 23,6% 4.456 6.929 3.914 5.840 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 7.324 2.810 5.894 2.155 4.674 24,3% 4.117

  22. Slide 22: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) FY20 FY19 Change (%) P&L FY20 FY19 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 5.072 4.243 20% 5.072 4.243 20% Tech. Expenses -5.391 -4.695 15% -5.391 -4.695 15% Net Financial Inc. + Other Exp. (*) 893 961 -7% 943 1.007 -6% Gross Profit 575 509 13% 625 555 13% Tax

  23. Slide 23: Net Income (mn TRY)

    Net Income (mn TRY) +14,4% Technical Earnings -319 461 Investment income 403 997 Dividend income 56 Amortization & Depreciation -81 Provisions -92 Rediscount 2 Other income 12 FY19 FY20 Tax -115 Net income 461 23

  24. Slide 24: Solo & Consolidated Figures (mn TRY)

    Solo & Consolidated Figures (mn TRY) 600 30,0% 27,4% 28,6% 510 500 25,0% 21,2% 460 24,2% 449 403 400 18,7% 20,0% 18,6% 17,7% 324 308 300 15,0% 13,2% 10,5% 201 200 184 10,0% 7,4% 102 100 88 5,0% 0 0,0% 2016 2017 2018 2019 2020 Net Profit Net Profit-Consolidated ROAE ROAE-Consolidated 24

  25. Slide 25: Investment Portfolio

    Investment Portfolio Repo 1% Deposits 34% In FY20; Dividend from ANHYT 56 mn TRY Bonds TRY 7,32 bn 51% Investment Income * 913 mn TRY Portfolio Return ~ 15% * ANHYT dividend excluded. Funds 9% Stock 5% ‣TRY 6,88 bn at 30.09.2020 ‣TRY 5,89 bn at 31.12.2019 25

  26. Slide 26: 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

  27. Slide 27: Q&A

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

Anadolu Anonim Türk Sigorta Şirketi — Q4 2020 Earnings Presentation on 6ix