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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q2 2021 Earnings Presentation

26 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Aug 9, 2021

  1. Slide 1: Financial Results 21Q2 Earnings Call

    Financial Results 21Q2 Earnings Call Aug 9, 2021

  2. Slide 2: Company & Market Overview

    Company & Market Overview Technical Results Financial Highlights 2

  3. Slide 3: Highlights 21Q2 Sector

    Highlights 21Q2 Sector Sector Performance & Pandemic Impacts  Premium production at ₺39,4 bn (20% ytd)  Price competition Motor Branches (MOD&MTPL)  Parliament has passed awaited bill  Mobility back to pre-covid period Policy Rate & CPI Levels  Treasury yields floating around 18%  CPI still su

  4. Slide 4: Top Non-Life Companies in the Sector – 21Q2

    Top 10 Non-Life Companies in the Sector – 21Q2 Production Share by Companies Premium Premium Change Türkiye (₺ Mn) Production Production (%) 14% 20M6 21M6 Other 4.642 5.414 16,6% 30% Türkiye Anadolu 3.837 4.802 25,1% Anadolu 12% Allianz 3.815 4.507 18,1% Aksigorta 2.266 3.000 32,4% Axa 2.138 2.393 1

  5. Slide 5: Highlights 21Q2 Anadolu

    Highlights 21Q2 Anadolu Balanced business profile in competitive pricing environment  Ranked in top three at 12 non-life branches  Premium production at ₺4,8bn (25% ytd)  Strong Accident, Fire and General Losses growth in Q2 (35%, 32% and 40%) Robust growth in AUM  Proactive cash flow management

  6. Slide 6: Highlights 21Q2 GPW

    Highlights 21Q2 GPW Health Motor Other 20% 20% 32% Anadolu 17% 11% 21% TRY 4,8 bn +25% 20M6 21M6 20M6 21M6 20M6 21M6 Health Motor Other 26% Sector 22% 19% 14% 21% TRY 39,4 bn 7% 3.916 +20% 20M6 21M6 20M6 21M6 20M6 21M6 ➢ SOURCE: Association of Insurance Companies 6

  7. Slide 7: Premium Production 21Q2

    Premium Production 21Q2 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 20M6 21M6 ΔYoY 20M6 21M6 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 995 1.188 19,4% 9.466 10.106 6,8% MOD 661 798 20,7% 4.629 5.964 28,8% Fire and Nat. D. 722 981 35,8% 4.927 6.170 25,2% Health 514 617 20,1% 5.378 6.424 19,5%

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

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 20M6 21M6 Growth 21M6 21M6 MTPL 995 1.188 1 11,8% 19,4% MOD 661 798 1 13,4% 20,7% General Liability 199 213 1 14,6% 7,3% Watercraft 94 152 1 32,5% 62,4% Aircraft 69 74 1 56,4% 7,4% Aircraft Liability 34 51 1 55,3% 48,9% Fire 722 981 2 15,9% 35,

  9. Slide 9: Highlights of 21Q2 Net Profit Drivers

    Highlights of 21Q2 Net Profit Drivers 311 +156 166 150 461 Unconsolidated (TRY mn) (*) +156 290 119 120 Consolidated (TRY mn) (*) -330 ➢ (*) Transferred financial income is excluded 9 9

  10. Slide 10: Distribution Channels 21Q2

    Distribution Channels 21Q2 Premium Production – ANSGR Premium Production – Sector +25% +20% 5.000 40.000 Milyonlar 4.500 14% 14% 35.000 4.000 12% 16% 15% 30.000 3.500 14% 12% 12% 25.000 15% 15% 3.000 +1 11% +1 2.500 20.000 14% 2.000 15.000 +2 1.500 -1 62% 56% 63% 10.000 1.000 54% 5.000 500 TRY mn 0

  11. Slide 11: Technical Results

    Company & Market Overview Technical Results Financial Highlights 11

  12. Slide 12: Accident | GPW and Technical Earnings

    Accident | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +36,1% 53,7% +16,5 49 70,9% 8,3 36 54,4% 5,4 20Q2 21Q2 20Q2 21Q2 20Q2 21Q2 12

  13. Slide 13: Health | GPW and Technical Earnings

    Health | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +24,8% +46,5% +17,7 189 277 105,6% 222 88,0% 129 20Q2 21Q2 20Q2 21Q2 20Q2 21Q2 13

  14. Slide 14: MOD | GPW and Technical Earnings

    MOD | GPW and Technical Earnings Claims Net (mn TRY) Combined Ratio GPW (mn TRY) +57,8% +24,8% 254 +19,3 387 93,8% 310 74,5% 161 20Q2 21Q2 20Q2 21Q2 20Q2 21Q2 14

  15. Slide 15: General Losses | GPW and Technical Earnings

    General Losses| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +39,0% +16,7% -7,5 189 84 102,3% 94,8% 72 136 20Q2 21Q2 20Q2 21Q2 20Q2 21Q2 15

  16. Slide 16: Fire & Nat. D. | GPW and Technical Earnings

    Fire & Nat. D.| GPW and Technical Earnings Claims Net (mn TRY) Combined Ratio GPW (mn TRY) +17,5% +30,5% -15,4 114 556 120,2% 97 104,8% 426 20Q2 21Q2 20Q2 21Q2 20Q2 21Q2 16

  17. Slide 17: MTPL | GPW and Technical Earnings

    MTPL| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +25,7% +75,8% +55,3 597 392 151,6% 475 96,2% 223 20Q2 21Q2 20Q2 21Q2 20Q2 21Q2 17

  18. Slide 18: Profitability Combined Ratio

    Profitability Combined Ratio Combined Ratio 20M6 21M6 MOD 84,8% 97,9% MPTL 100,0% 126,9% Fire 112,0% 116,8% Health 99,5% 109,8% Accident 53,8% 64,4% General Liability 255,7% 416,9% General Losses 100,2% 100,3% Total 104,2% 115,9% 113% 111% 116% 106% 10% 13% 10% 13% 8% 14% 14% 14% 90% 84% 82% 91% 201

  19. Slide 19: Financial Highlights

    Company & Market Overview Technical Results Financial Highlights 19

  20. Slide 20: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 8.808 13.991 7.774 12.076 15,9% 6.212 13,3% 9.767 5.184 7.904 4.456 7.032 2017 2018 2019 2020 21M6 2017 2018 2019 2020 21M6 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 8.254 7.324 2.903 2.810 5.894 12,7% 2.15

  21. Slide 21: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 20Q2 21Q2 Change (%) P&L 20Q2 21Q2 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.176 1.394 19% 1.176 1.394 19% Tech. Expenses -1.225 -1.628 33% -1.225 -1.628 33% Net Financial Inc. + Other Exp. (*) 204 410 101% 230 434 89% Gross Profit 155 176 14% 181 200 11% Tax

  22. Slide 22: Net Income (mn TRY)

    Net Income (mn TRY) Technical Earnings -428 +12% 311 Investment income 835 278 Dividend income 72 Amortization & Depreciation -50 Provisions -47 Rediscount -11 Other income 2 Tax -62 20M6 21M6 Net income 311 22

  23. Slide 23: Solo & Consolidated Figures (mn TRY)

    Solo & Consolidated Figures (mn TRY) 600 30,0% 27,4% 28,6% 528 510 500 494 25,0% 21,2% 460 24,2% 449 23,2% 403 400 18,7% 20,0% 18,6% 18,3% 17,7% 324 308 300 15,0% 13,2% 201 200 184 10,0% 100 5,0% 0 0,0% 2017 2018 2019 2020 20Q2 - 21Q2 Net Profit Net Profit-Consolidated ROAE ROAE-Consolidated 23

  24. Slide 24: Investment Portfolio

    Investment Portfolio Others (*) 1% Deposits In 21M6; 38% Bonds Dividend from ANHYT 72 mn TRY TRY 8,25 bn 48% Investment Income * 732 mn TRY Portfolio Return ~ 20% * ANHYT dividend excluded. Funds 9% Stock 4% ‣TRY 7,32 bn at 31.12.2020 ‣TRY 6,54 bn at 30.06.2020 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

Anadolu Anonim Türk Sigorta Şirketi — Q2 2021 Earnings Presentation on 6ix