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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q4 2019 Earnings Presentation

22 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Jan 31, 2020

  1. Slide 1: Financial Results 19Q4 Earnings Call

    Financial Results 19Q4 Earnings Call Jan 31, 2020

  2. Slide 2: Content

    Company & Market Overview 3 CONTENT Technical Results 10 Financial Highlights 15 2

  3. Slide 3: Company & Market Overview

    Company & Market Overview Technical Results Financial Highlights 3

  4. Slide 4: Top Non-Life Companies in the Sector – FY19

    Top 10 Non-Life Companies in the Sector – FY19 Premium Premium Change (₺ Mn) Production Production (YoY) (%) Production Share by Companies FY19 FY18 Allianz 12% Allianz 6.923 5.810 19,2% Other Anadolu Anadolu 6.607 5.701 15,9% 34% 11% Aksigorta 4.474 3.417 30,9% Axa 4.104 3.375 21,6% Aksigorta Sompo

  5. Slide 5: Premium Production – Sector (mn. TRY)

    Premium Production – Sector (mn. TRY) Change (%) BRANCHES FY19 FY18 (YoY) MTPL 18.712 15.855 18,0% MOD 9.406 7.843 19,9% Health 8.358 6.244 33,9% Fire 5.877 5.247 12,0% General Losses 8.447 6.973 21,1% Accident 2.373 1.812 30,9% General Liability 1.712 1.392 23,0% Marine Transportation 951 830 14,6%

  6. Slide 6: Highlights of 19Q4 - Anadolu

    Highlights of 19Q4 - Anadolu Recovering % 3M19 6M19 9M19 FY19 Technical Combined Results Ratio 112,7 112,9 111,4 110,8 Growing AUM (mn TRY) FY18 4.674 FY19 5.894 Change(%) 26,1% Investment Credit Card 452 587 30,1% Portfolio Total 5.125 6.481 26,5% Strong (mn TRY) 18Q4 19Q3 19Q4 ΔYoY ΔQoQ Net Net Pr

  7. Slide 7: Premium Production – FY19

    Premium Production – FY19 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) FY19 FY18 ΔYoY FY19 FY18 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 1.807 1.551 16,5% 18.712 15.855 18,0% MOD 1.305 1.090 19,7% 9.406 7.843 19,9% Fire and Nat. D. 1.172 1.035 13,1% 8.447 6.973 21,1% Health 823 711 15,8% 8.35

  8. Slide 8: Market Share & Rank (mn. TRY)

    Market Share & Rank (mn. TRY) Rank Market Share BRANCHES FY19 FY18 Growth FY19 FY19 MTPL 1.807 1.551 1 9,7% 16,5% MOD 1.305 1.090 1 13,9% 19,7% Fire 1.172 1.035 1 13,9% 13,1% General Liability 334 272 1 19,5% 22,5% Watercraft 153 118 1 37,0% 29,9% Marine Transportation 149 119 2 15,6% 25,3% Aircraft

  9. Slide 9: Distribution Channels – FY19

    Distribution Channels – FY19 Premium Production – Sector Premium Production – ANSGR Other Other 10,7% 13,7% Broker 13,2% Broker 10,7% Bank Agency Bank Agency 14,6% 61,6% 13,2% 62,4% 348 MSU (direct sales staff)

  10. Slide 10: Technical Results

    Company & Market Overview Technical Results Financial Highlights 10

  11. Slide 11: Branch Technical Results (mn. TRY)

    Branch Technical Results (mn. TRY) Change Change 18Q4 19Q3 19Q4 (YoY) (QoQ) GPW 40,8 37,3 51,4 25,9% 37,6% Accident Earned Pr. 31,8 30,7 33,2 4,3% 8,1% Claims (Net) -6,9 -5,4 -6,5 -7,1% 19,6% Claims Ratio 21,7% 17,6% 19,4% -9,8% 11,3% Change Change 18Q4 19Q3 19Q4 (YoY) (QoQ) GPW 179,0 149,2 212,2 18

  12. Slide 12: Branch Technical Results (mn. TRY)

    Branch Technical Results (mn. TRY) Change Change 18Q4 19Q3 19Q4 (YoY) (QoQ) GPW 344,1 270,4 437,9 27,3% 61,9% Land Earned Pr. 263,7 299,8 306,8 16,3% 2,3% Vehicles Claims (Net) -239,2 -215,7 -172,8 -27,8% -19,9% Claims Ratio 90,7% 71,9% 56,3% -37,9% -21,7% Change Change 18Q4 19Q3 19Q4 (YoY) (QoQ) GP

  13. Slide 13: Branch Technical Results (mn. TRY)

    Branch Technical Results (mn. TRY) Change Change 18Q4 19Q3 19Q4 (YoY) (QoQ) GPW 415,6 436,8 549,2 32,2% 25,7% MTPL Earned Pr. 241,6 263,5 277,3 14,8% 5,2% Claims (Net) -283,7 -311,9 292,1 3,0% -6,4% Claims Ratio 117,4% 118,4% 105,3% -10,3% -11,0% Change Change 18Q4 19Q3 19Q4 (YoY) (QoQ) GPW 305,7 23

  14. Slide 14: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio FY19 FY18 MOD 91,2% 110,7% MTPL 135,6% 127,9% Fire 101,1% 105,9% Health 113,4% 113,3% Accident 66,3% 69,2% General Liability 157,6% 114,8% General Losses 101,5% 110,6% Total 110,8% 113,0% 107% 107% 108% 113% 111% 9% 10% 10% 9% 9% 14% 13% 14% 15% 15% 83%

  15. Slide 15: Financial Highlights

    Company & Market Overview Technical Results Financial Highlights 15

  16. Slide 16: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 6.212 9.767 5.184 7.853 23,6% 4.456 19,8% 6.929 3.914 5.840 4.677 2.934 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 5.894 2.155 4.674 4.117 26,1% 1.639 1.646

  17. Slide 17: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) Change (%) P&L 19Q4 18Q4 FY19 FY18 (YoY) (YoY) Tech. Income (*) 1.112 976 14% 4.243 3.658 16% Tech. Expenses -1.211 -1.084 12% -4.695 -4.122 14% Net Financial Inc. + Other Exp. (*) 219 207 5% 961 850 13% Gross Profit 120 99 19% 509 386 32% Tax & Deferred Tax -26 -2

  18. Slide 18: Balance Sheet

    Balance Sheet Change Change Assets 12.19 12.18 Liabilities 12.19 12.18 (%) (%) Cash + Marketable Sec. 6.516 5.101 27,7% Technical Provisions 6.212 5.185 19,8% Equity Participations 585 517 13,1% Shareholders' Equity 2.155 1.646 30,9% Other Assets 2.666 2.286 16,6% Other Liabilities 1.400 1.073 30,5%

  19. Slide 19: Growth Performance

    Growth Performance 12.000 60,0% 28,6% 27,4% 10.000 50,0% 9.767 8.000 40,0% 7.904 17,7% 7.032 6.000 30,0% 5.974 5.894 10,5% 21,2% 4.888 18,7% 4.673 4.000 8,7% 20,0% 4.117 13,2% 3.410 7,4% 2.000 2.408 10,0% 5,9% 2.155 1.639 1.646 1.202 1.223 308 403 64 88 184 0 0,0% 2015 2016 2017 2018 2019 Assets Sha

  20. Slide 20: Investment Portfolio

    Investment Portfolio Others* 1% Bonds 11% In FY19; Funds 17% Dividend from ANHYT 26 mn TRY TRY 5,89 bn Investment Income * 1.042 mn TRY Portfolio Return ~ 22,5% Deposits * ANHYT dividend excluded. 68% Stock 3% %15,5 YoY increase in Investment Income ‣TRY 5,53 bn at 30.09.2019 ➢ (*) Repo + Forward 20

  21. 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

  22. Slide 22: Q&A

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

Anadolu Anonim Türk Sigorta Şirketi — Q4 2019 Earnings Presentation on 6ix