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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q3 2024 Earnings Presentation

25 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Oct 30, 2024

  1. Slide 1: Financial Results 24M9 Earnings Call

    Financial Results 24M9 Earnings Call October 30, 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 ₺501bn (73,6% YoY) • Growth above CPI: %16,2 Motor Branches (MOD&MTPL) • New calculation method in force - September 2024: %2 • MTPL policies being sold at cap prices Financial Conditions • FED cuts rates by 50 bps • CBT rate cut expectations delaye

  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 23M9 24M9 Türkiye Türkiye 38.697 72.580 87,6 14% Allianz 31.101 55.436 78,2 Other 33% Anadolu 28.492 46.559 63,4 Allianz 11% Axa 23.106 38.093 64,9 Aksigorta 17.843 25.020 40

  6. Slide 6: Highlights - Anadolu

    Highlights - Anadolu Core Business • Strong growth in Fire branch %73 • Fire and Natural D. Combined Ratio %91,5 vs %134,8 in 23 M9 • Bancassurance premium above sector average MTPL • MTPL Premium growth 52% in 2024M9 • MTPL Claims Ratio %98,6 vs %137 in 23 M9 Assets Under Management • AUM reached t

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

    Highlights – Branch Breakdown & Growth Rate OTHER 20% Health Motor Other 146% 91% MOTOR 68% ANSGR 41% 135% 67% 42% TRY 46,6 bn HEALTH 18% FIRE 23M9 24M9 23M9 24M9 23M9 24M9 21% OTHER Health Motor Other 20% 149% 123% 128% MOTOR 45% SECTOR 98% 118% TRY 501 bn 61% HEALTH 18% FIRE 23M9 24M9 23M9 24M9 23

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 23M9 24M9 ΔYoY (%) 23M9 24M9 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 5.764 8.754 51,9 81.295 147.121 81,0 MOD 7.623 10.251 34,5 57.148 76.330 33,6 Fire and Nat. D. 5.820 10.042 72,5 42.271 85.561 102,4 Health 3.490 8.189 134

  9. Slide 9: Market Share & Rank

    Market Share & Rank Rank Market Share Market Share BRANCHES 24M9 23M9 24M9 MOD 1 13% 13% Watercraft 1 27% 26% Fire 2 14% 12% Aircraft 2 55% 34% General Losses 2 7% 6% Transportation 2 14% 15% Aircraft Liability 2 46% 26% Accident 3 6% 7% Health 3 8% 9% General Liability 3 10% 10% Credit 5 2% 2% Fina

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

    Net Profit Drivers (₺ Mn) 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 50.000 600.000 Milyonlar 45.000 -4 9% 500.000 -5 40.000 11% 14% 35.000 +3 400.000 +2 17% 15% 30.000 13% 13% 25.000 +2 300.000 11% -1 16% 20.000 13% 15% 200.000 14% 15.000 62% -1 59% 10.000 +4 63% 100.000 55% 5.000 0 0 Mn TL

  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 +85,6% -23,8% -15,5 317 Accident 29,9 22,8 81,7% 66,2% 171 23Q3 24Q3 23Q3 24Q3 23Q3 24Q3 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +137,4% +174,7% +9,8 Health 2.623 2.148 118,0% 1.105 782 108,2% 23Q3 24Q3 23Q3 24Q3 23Q3

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

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +23,2% +4,9% +1,0 3.382 2.160 88,1% 89,1% MOD 2.745 2.059 23Q3 24Q3 23Q3 24Q3 23Q3 24Q3 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +44,3% 64,0% +13,2 3.107 MTPL 2.153 2.191 130,6% 1.336 117,4% 23Q3 24Q3 23Q3 24Q3 23Q3 24

  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 +54,5% -8,9% -44,0 3.318 728 Fire & Nat. D. 2.148 140,6% 663 96,6% 23Q3 24Q3 23Q3 24Q3 23Q3 24Q3 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio -7,2% 12,6% -20,3 General Losses 601 558 262 295 107,0% 86,7% 23Q3 24Q3 23Q3 24Q

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio (%) 23M9 24M9 Claims Ratio (%) 23M9 24M9 MOD 81,7 84,3 MOD 59,3 59,2 MTPL 163,7 128,1 MTPL 137,0 98,6 Fire 134,8 91,5 Fire 105,0 46,8 Health 107,3 120,2 Health 79,9 91,8 Accident 74,4 69,8 Accident 19,4 9,8 General Losses 101,7 85,2 General Losses 78,7 5

  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) 84.596 44.581 35.982 58.368 20.438 23,9% 30.706 44,9% 16.776 10.779 12.076 7.774 2020 2021 2022 2023 24M9 2020 2021 2022 2023 24M9 Assets Under Management (mn TRY) Shareholders' Equity (mn TRY) 27.675 49.780 32.026 14.204 55,4% 94,8% 1

  19. Slide 19: Income Statement (₺ mn) 24M9

    Income Statement (₺ mn) Change (%) 23M9 24M9 Change (%) P&L 23M9 24M9 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 16.950 30.274 79 16.950 30.274 79 Tech. Expenses -19.198 -30.924 61 -19.198 -30.924 61 Net Financial Inc. + Other Exp. (**) 8.985 10.909 21 9.296 11.309 22 Gross Profit 6.737 10.260 52

  20. Slide 20: Income Statement (₺ mn) 24Q3

    Income Statement (₺ mn) Change (%) 23Q3 24Q3 Change (%) P&L 23Q3 24Q3 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 6.714 11.253 68 6.714 11.253 68 Tech. Expenses -6.889 -11.680 70 -6.889 -11.680 70 Net Financial Inc. + Other Exp. (**) 3.532 3.786 7 3.679 3.941 7 Gross Profit 3.357 3.359 0 3.504 3.51

  21. Slide 21: Net Income Breakdown (₺ mn)

    Net Income Breakdown (₺ mn) Technical Earnings -650 45% Investment Income 11.812 7.879 Amortization & Depreciation -116 Provisions and Other Income -876 5.423 Rediscount 89 Tax -2.381 Net income 7.879 23M9 24M9 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Rela

  22. Slide 22: Solo & Consolidated ROAE

    Solo & Consolidated ROAE 100% 89,3% 90% 80% 75,2% 72,8% 71,2% 70% 60,7% 58,4% 60% 50,7% 50% 44,4% 40,8% 40% 32,3% 28,6% 30% 24,2% 23,9% 21,2% 20% 18,6% 17,4% 10% 0% 2019 2020 2021 2022 2023 2024Q1 2024H1 2024M9 ROAE ROAE-Consolidated * 12 Months Trailing Profit Copyright © 2022, Anadolu Sigorta. All

  23. Slide 23: Investment Portfolio

    Investment Portfolio Other 2% Deposits Bonds 31% 23% In 24M9: TRY 49,8 bn Investment Income 11.812 bn TRY Portfolio Return 34% Stock 11% Funds 34% ‣TRY 41,5 bn at 30.06.2024 ‣TRY 32,0 bn at 31.12.2023 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Depa

  24. Slide 24: 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

  25. Slide 25: Thanks

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

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