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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q1 2024 Earnings Presentation

24 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, May 3, 2024

  1. Slide 1: Financial Results 24Q1 Earnings Call

    Financial Results 24Q1 Earnings Call May 3, 2024 Copyright © 2022, 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 _____________ 17 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 2

  3. Slide 3: Company & Market Overview

    Company & Market Overview Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 3

  4. Slide 4: Highlights – Sector

    Highlights – Sector Sector • Premium production at ₺177bn (89,2% YoY) • Regulator increases discount rate from 28% to 35% Motor Branches (MOD&MTPL) • New calculation method in force - May 2024: %3 • Government announced no mid-year minimum wage hike Financial Conditions • Central Bank increases poli

  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 23Q1 24Q1 Türkiye Türkiye 12.175 28.163 131,3 16% Other Allianz 10.578 20.091 89,9 29% Anadolu 9.147 16.462 80,0 8.077 14.227 76,1 Allianz Axa 11% Bupa 5.128 9.898 93,0 Top 5

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Core Business • MOD claims ratio maintains 60% level (FY23 – 60%) • 24Q1 Claims Ratio: 69,5% • Strong growth in health branch. Focused on corporate health policies MTPL • MTPL growth 35% in 2024Q1 • Discount rate 35% in 2024Q1 Assets Under Management • AUM reached to ₺36,4bn (ad

  7. Slide 7: Highlights – Branch Breakdown & Growth Rate

    Highlights – Branch Breakdown & Growth Rate OTHER 23% Health Motor Other MOTOR 105% 170% 130% 36% ANSGR 131% TRY 16,4 bn 96% 42% HEALTH 20% FIRE 23Q1 24Q1 23Q1 24Q1 23Q1 24Q1 21% Motor Other OTHER Health 23% MOTOR 171% 171% 38% 115% 105% SECTOR TRY 177,7 bn 72% 118% HEALTH 21% FIRE 23Q1 24Q1 23Q1 24

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 23Q1 24Q1 ΔYoY (%) 23Q1 24Q1 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 1.905 2.581 35,5 22.132 40.986 85,2 MOD 2.305 3.394 47,2 16.590 25.508 53,8 Fire and Nat. D. 1.532 3.406 122,3 13.067 32.098 145,6 Health 1.460 3.365 130,6

  9. Slide 9: Market Share & Rank

    Market Share & Rank Rank Market Share Market Share Market Share BRANCHES 24Q1 23Q1 24Q1 Change Watercraft 1 24,18% 26,14% 2,0 MOD 1 13,90% 13,30% -0,6 Aircraft 2 37,07% 13,01% -24,1 Aircratf Liability 2 56,32% 11,94% -44,4 Marine Transportation 2 12,15% 12,54% 0,4 Fire 3 11,73% 10,61% -1,1 Health 3

  10. Slide 10: Net Profit Drivers (₺ Mn)

    Net Profit Drivers (₺ Mn) 2.867 Mn TL Copyright © 2022, 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 18.000 200.000 Millions 180.000 16.000 -3 -2 10% 14% 160.000 14.000 18% 140.000 17% +7 +2 12.000 120.000 16% 14% 10.000 +3 100.000 13% 8.000 16% 11% 80.000 15% 6.000 13% 60.000 14% -7 56% 55% 4.000 40.000 63% 55% 2.000 20.0

  12. Slide 12: Technical Results

    Technical Results Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 12

  13. Slide 13: GPW and Technical Earnings – Accident, Health

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +111,3% +33,4% +7,2 304 Accident 15,4 20,5 71,2% 78,4% 144 23Q1 24Q1 23Q1 24Q1 23Q1 24Q1 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +130,6% +173,2% +21,8 Health 3.365 1.717 135,8% 1.460 628 114,0% 23Q1 24Q1 23Q1 24Q1 23Q

  14. Slide 14: GPW and Technical Earnings – MOD, MTPL

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +47,2% +92,5% +9,0 3.394 1.795 86,2% MOD 2.305 933 77,2% 23Q1 24Q1 23Q1 24Q1 23Q1 24Q1 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +35,5% -18,4% -124,7 2.581 MTPL 1.905 1.975 1.612 228,0% 103,3% 23Q1 24Q1 23Q1 24Q1 23Q1 2

  15. Slide 15: GPW and Technical Earnings – Fire & Nat. D., General Losses

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +122,3% +62,5% +14,4 3.406 498 109,6% Fire & Nat. D. 1.532 306 95,2% 23Q1 24Q1 23Q1 24Q1 23Q1 24Q1 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +96,2% +200,3% +10,1 332 98,0% 1.693 General Losses 863 87,9% 111 23Q1 24Q1 23

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio (%) 23Q1 24Q1 Claims Ratio (%) 23Q1 24Q1 MOD 77,2 86,2 MOD 54,2 60,4 MPTL 228,0 103,3 MPTL 198,7 74,9 Fire 95,2 109,6 Fire 61,9 59,1 Health 114,0 135,8 Health 88,1 102,9 Accident 71,2 78,4 Accident 15,6 11,3 General Losses 87,9 98,0 General Losses 59,3 7

  17. Slide 17: Financial Highlights

    Financial Highlights Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 17

  18. Slide 18: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 68.903 58.368 39.229 35.982 30.706 18,0% 20.438 9,0% 16.776 10.779 12.076 7.774 2020 2021 2022 2023 24Q1 2020 2021 2022 2023 24Q1 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 17.250 36.471 32.026 14.204 17.536

  19. Slide 19: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 23Q1 24Q1 Change (%) P&L 23Q1 24Q1 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 4.515 9.120 102 4.515 9.120 102 Tech. Expenses -5.657 -9.151 62 -5.657 -9.151 62 Net Financial Inc. + Other Exp. (**) 707 3.651 416 686 3.651 432 Gross Profit -435 3.620 -932 -456 3.620

  20. Slide 20: Net Income (₺ mn)

    Net Income (₺ mn) 2350% Technical Earnings -31 Investment income 3.933 2.867 Dividend income 200 Amortization & Depreciation -33 Provisions -108 Rediscount -26 Other income -315 Tax -753 Net income 2.867 23Q1 24Q1 -117 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Inves

  21. Slide 21: Solo & Consolidated ROAE

    Solo & Consolidated ROAE 100% 89,3% 90% 80% 75,2% 72,8% 70% 58,4% 60% 50% 40,8% 40% 32,3% 28,6% 30% 24,2% 23,9% 21,2% 18,6% 17,4% 20% 10% 0% 2019 2020 2021 2022 2023 2024Q1 * 12 Months Trailing Profit ROAE ROAE-Consolidated Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and

  22. Slide 22: Investment Portfolio

    Investment Portfolio Other 2% Deposits 22% Bonds 29% In 24Q1: TRY 36,4 bn Dividend from ANHYT 200 mn TRY Investment Income 3.635,6 bn TRY Stock 7% Portfolio Return ~* 45,1% Funds * ANHYT dividend excluded. 44% ‣TRY 18,6 bn at 31.03.2023 ‣TRY 32,0 bn at 31.12.2023 *Accrued annualized yield in p&l tab

  23. Slide 23: 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

  24. Slide 24: Thanks

    THANKS Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 25

Anadolu Anonim Türk Sigorta Şirketi — Q1 2024 Earnings Presentation on 6ix