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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q3 2021 Earnings Presentation

27 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Nov 1, 2021

  1. Slide 1: Financial Results 21Q3 Earnings Call

    Financial Results 21Q3 Earnings Call 01.11.2021 Copyright © 2021, 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 _____________ 20 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 2

  3. Slide 3: Company & Market Overview

    Company & Market Overview Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 3

  4. Slide 4: Highlights – Sector

    Highlights – Sector Sector Performance • Premium production at ₺58,3 bn (21% ytd) • Price competition • Wildfires and flash floods Motor Branches (MOD&MTPL) • Claim costs surging • Higher frequency levels Financial Measures • 10 year treasury yields floating around 20% • 100 bps rate cut • TRY depre

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

    Top 10 Non-Life Companies in the Sector Premium Premium Change (₺ Mn) Production Production (%) Production Share by Companies 20M9 21M9 Türkiye Türkiye 6.269 7.718 23,1 13% Anadolu 5.661 7.122 25,8 Other 30% Allianz 5.671 6.663 17,5 Anadolu Aksigorta 3.536 4.471 26,5 12% Axa 3.158 3.510 11,2 Top 5 C

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Strong growth despite tough market conditions • Ranked in top three at 13 non-life branches • Premium production at ₺7,1bn (26% ytd) • Strong Health, Fire and General Losses growth in Q3 (30%, 49% and 38%) Disasters - Turkey & World • Wild fires and flash floods in Turkey • Flas

  7. Slide 7: Highlights – GPW

    Highlights – GPW Health Motor Other Anadolu 23% 26% 34% 19% TRY 7,1 bn 14% 20% +26% 20M9 21M9 20M9 21M9 20M9 21M9 Health Motor Other Sector 16% 27% 23% TRY 58,3 bn 22% 11% 24% +21% 20M9 21M9 20M9 21M9 20M9 21M9 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Rela

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 20M9 21M9 ΔYoY (%) 20M9 21M9 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 1.660 1.955 17,7 14.733 16.010 8,7% MOD 1.020 1.245 22,1 7.261 9.426 29,8% Fire and Nat. D. 991 1.381 39,3 7.285 9.111 25,1% Health 695 852 22,7 7.251 8.91

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

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 20M9 21M9 Growth (%) 21M9 21M9 MTPL 1.660 1.955 1 12,2% 17,7 General Liability 284 313 1 14,3% 10,2 Watercraft 134 220 1 29,0% 63,8 Aircraft 80 90 1 59,9% 12,3 Aircraft Liability(*) 44 64 1 61,3% 47,2 Fire 991 1.381 2 15,2% 39,3 MOD 1.020 1.245

  10. Slide 10: Net Profit Drivers

    Net Profit Drivers 340 Unconsolidated (TRY mn) (*) 353 Consolidated (TRY mn) (*) Copyright © 2021, 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 Milyonlar 7.000 15% 14% 6.000 50.000 -2 12% 15% 16% 15% 5.000 +1 40.000 12% 11% 15% 15% 4.000 11% +1 +1 30.000 14% 3.000 -1 20.000 62% 2.000 +3 57% 63% 54% 10.000 1.000 0 0 20M9 21M9 20M9 21M9 Agency Bank Broker Other Agenc

  12. Slide 12: Technical Results

    Technical Results Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 12

  13. Slide 13: Accident – GPW and Technical Earnings

    Accident – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +27,1% -49,2% -20,7 8,4 72,9% 53 42 52,2% 4,3 20Q3 21Q3 20Q3 21Q3 20Q3 21Q3 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 13

  14. Slide 14: Health – GPW and Technical Earnings

    Health – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +30,1% +20,9% -1,6 176 235 93,3% 91,7% 146 181 20Q3 21Q3 20Q3 21Q3 20Q3 21Q3 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 14

  15. Slide 15: MOD – GPW and Technical Earnings

    MOD – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +24,8% +30% +11,7 415 447 121,9% 110,2% 359 319 20Q3 21Q3 20Q3 21Q3 20Q3 21Q3 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 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 +38,1% +38,1% +11,4 111 126 113,9% 102,5% 91 76 20Q3 21Q3 20Q3 21Q3 20Q3 21Q3 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 16

  17. Slide 17: Fire & Nat. D. – GPW and Technical Earnings

    Fire & Nat. D. – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +48,6% +33,6% -20,9 400 176 149,6% 128,7% 132 269 20Q3 21Q3 20Q3 21Q3 20Q3 21Q3 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 17

  18. Slide 18: MTPL – GPW and Technical Earnings

    MTPL – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +15,2% +38,1% +3,8 767 458 120,2% 124,0% 666 332 20Q3 21Q3 20Q3 21Q3 20Q3 21Q3 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 18

  19. Slide 19: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio 20M9 21M9 MOD 93,7% 106,4% MPTL 107,6% 125,7% Fire 124,8% 121,4% Health 97,4% 103,3% Accident 60,2% 60,3% General Liability 220,0% 295,3% General Losses 101,1% 105,6% Total 107,3% 116,2% 113% 111% 106% 116% 10% 13% 9% 13% 8% 14% 14% 14% 90% 84% 82% 93% 2

  20. Slide 20: Financial Highlights

    Financial Highlights Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 20

  21. Slide 21: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 13.960 9.305 12.076 7.774 9.767 15,6% 6.212 7.904 19,7% 7.032 5.184 4.456 2017 2018 2019 2020 21M9 2017 2018 2019 2020 21M9 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 2.810 2.964 8.672 7.324 2.155 5,5% 5.894

  22. Slide 22: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 20Q3 21Q3 Change (%) P&L 20Q3 21Q3 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.321 1.674 27 1.321 1.674 27 Tech. Expenses -1.483 -1.948 31 -1.483 -1.948 31 Net Financial Inc. + Other Exp. (*) 293 311 6 346 345 0 Gross Profit 130 37 -72 183 72 -61 Tax & Deferred

  23. Slide 23: Net Income (₺ mn)

    Net Income (₺ mn) Technical Earnings -701 -11% Investment income 1.175 Dividend income 72 380 Amortization & Depreciation -75 340 Provisions -59 Rediscount -5 Other income 4 Tax -71 Net income 340 20M9 21M9 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relation

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

    Solo & Consolidated Figures (₺ mn) 600 30,0% 27,4% 28,6% 510 500 21,2% 449 460 461 25,0% 24,2% 403 420 400 18,7% 20,0% 19,8% 17,7% 324 18,6% 308 300 15,3% 15,0% 13,2% 184 201 200 10,0% 100 5,0% 0 0,0% 2017 2018 2019 2020 20Q3 - 21Q3 Net Profit Net Profit-Consolidated ROAE ROAE-Consolidated Copyright

  25. Slide 25: Investment Portfolio

    Investment Portfolio Repo 1% Deposits 37% In 21M9; Bonds 47% TRY 8,67 bn Dividend from ANHYT 72 mn TRY Investment Income * 1.124 mn TRY Portfolio Return ~ 20% Stock * ANHYT dividend excluded. 3% Funds 12% ‣TRY 7,32 bn at 31.12.2020 Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Managem

  26. Slide 26: 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

  27. Slide 27: Thanks

    THANKS Copyright © 2021, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 27

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