Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Q4 2016 Earnings Presentation

30 slides from Allianz Malaysia Bhd's earnings presentation, Feb 27, 2017

  1. Slide 1: Allianz Malaysia Berhad Financial Results 4Q 2016 Analyst Briefing

    Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2016 Analyst Briefing 27 February 2017

  2. Slide 2: Allianz Group CEO quote on customer-centric orientation

    “Allianz is anchoring its customer-centric orientation, driving digitalization forward and committing to a performance culture.” Source: 2016 Group CEO letter 2

  3. Slide 3: Allianz Malaysia going digital

    Allianz Malaysia going digital Building a digital ecosystem where customers can have seamless access to Allianz products and services across different distribution channels:  Launched our AtoZ customer mobile app that has a roadside assistance function, hospital geolocator, as well as online claims

  4. Slide 4: Fast Offer – Enhanced Road Warrior

    Fast Offer – Enhanced Road Warrior Simple and fuss free quotation page Customer can choose to purchase online Or opt to be referred to a servicing Agent 4

  5. Slide 5: Imagine Fast Quote

    Imagine Fast Quote  Redesigned Client Details screen for a more simplified data collection. (Client Details screen is implemented for all products)  User to pre-defines which category of riders to be included in the packages New Product Comparison screen!  3 plan packages will be displayed accord

  6. Slide 6: List of digital partners

    List of digital partners 6 signed up, 25 in negotiation, and more to come Ride-sharing Financial Property & Rental ICT Parking App Car-sharing Marketplace Marketplace Workshop Car e-Commerce Insurance Service Aggregator Marketplace Marketplace Marketplace Marketplace Policy Street Gomeq Buyinsurance

  7. Slide 7: AMB Group Results

    Allianz @i) AMB Group Results

  8. Slide 8: Steady Growth

    Allianz Malaysia Berhad (12428-W) Steady Growth Operating revenue  Group operating revenue of RM4.68 billion, an increase of 3.5% as compared to corresponding period of RM4.52 billion due to higher gross earned premiums and investment income by RM94.7 million and RM64.7 million respectively.  Gene

  9. Slide 9: Financial Highlights 12M 2016: Group Operating Revenue

    Allianz Malaysia Berhad (12428-W) Financial Highlights 12M 2016 Group Operating Revenue (RM’mil) General Business (RM’mil) +3.5% -1.5% 2,278.0 2,242.7 12M 2015 12M 2016 4,678.5 4,519.1 Life Business (RM’mil) +8.7% 2,228.6 2,422.8 12M 2015 12M 2016 9 12M 2015 12M 2016 9

  10. Slide 10: Financial Highlights 12M 2016: Group Gross Written Premiums

    Allianz Malaysia Berhad (12428-W) Financial Highlights 12M 2016 Group Gross Written Premiums (“GWP”) (RM’mil) General Business (RM’mil) +1.2% -4.5% 2,180.5 2,082.9 12M 2015 12M 2016 4,132.7 4,182.6 Life Business (RM’mil) +7.6% 2,099.7 1,952.2 12M 2015 12M 2016 12M 2015 12M 2016 10 10

  11. Slide 11: Financial Highlights 12M 2016: Group Profit Before Tax

    Allianz Malaysia Berhad (12428-W) Financial Highlights 12M 2016 Group Profit Before Tax (RM’mil) PBT Drivers (RM’mil) +3.7% 454.6 438.2 -3.6 -1.8 +21.8 438.2 454.6 PBT General Life Investment PBT 12M 2015 Business Business Holdings 12M 2016 12M 2015 322.3 116.6 (0.7) 438.2 12M 2016 320.5 138.4 (4.3)

  12. Slide 12: Financial Overview

    Allianz Malaysia Berhad (12428-W) Financial Overview 3 YEAR RM’mil 2013 2014 2015 2016 CAGR Gross Written Premiums 3,578.5 3,968.2 4,132.7 4,182.6 5.3% Management Expenses 400.0 436.0 464.8 513.2 8.7% Expense Ratio (Non Life) 17.9% 17.3% 16.9% 17.4% 0.5 pts Expense Ratio (Life)1 10.6% 10.3% 9.9% 11.

  13. Slide 13: Summary of Audited Financial Results

    Allianz Malaysia Berhad (12428-W) Summary of Audited Financial Results RM’mil 12M 2015 12M 2016 16/15 % Operating revenue 4,519.1 4,678.5 3.5% Gross earned premiums 4,088.1 4,182.8 2.3% Premiums ceded to reinsurers (583.8) (492.3) 15.7% Net earned premiums (“NEP”) 3,504.3 3,690.5 5.3% Net change in

  14. Slide 14: General Business

    Allianz @i) 2 General Business

  15. Slide 15: General Business

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business Gross written premiums  Lower gross written premiums due to lower car sales. Combined ratio  Combined ratio maintained at 90%. ✔ Net investment results  Higher investment income. Profitability  Lower profit due to lo

  16. Slide 16: General Business: GWP is 4.5% lower than prior year

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: GWP is 4.5% lower than prior year Gross Written Premiums (RM’mil) -4.5% Distribution Channel & Portfolio Mix 2,180.5 2,082.9 Telemarketing 2.5% Agent 58.5% Motor 60.0% Broker 12.0% Banca 8.5% 579.0 574.4 556.0 547.0 540

  17. Slide 17: General Business: Stable growth in investment income

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Stable growth in investment income Net Investment Results/Net Operating Expenses (RM’mil) +16.0% Portfolio Mix and Investment Yield (Annualized) 134.1 155.6 Portfolio Mix Investment Yield Deposit Property 12.5% 0.6% 41.

  18. Slide 18: General Business: Lower PBT due to lower underwriting profit

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Lower PBT due to lower underwriting profit Profit Before Tax (RM’mil) -0.6% PBT Drivers (RM’mil) 20.1 (0.6) 320.5 322.3 (21.3) 322.3 320.5 86.6 90.0 84.1 82.7 76.9 74.7 73.9 73.9 PBT UW Investment Others PBT 12M 2015 re

  19. Slide 19: General Business: Combined ratio maintained at 90%

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Combined ratio maintained at 90% Combined Ratio -1.4 pts 89.7% 91.3% 89.0% 89.7% 91.4% 92.0% 90.4% 87.1% 88.0% 88.6% 18.9% 15.7% 16.9% 15.3% 16.8% 18.7% 18.9% 17.4% 14.4% 18.4% 61.1% 59.3% 64.1% 58.2% 60.6% 61.1% 62.5%

  20. Slide 20: General Business: Financial results at a glance

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Financial results at a glance RM’mil 12M 2015 12M 2016 16/15 % Gross written premiums 2,180.5 2,082.9 (4.5%) Gross earned premiums 2,136.0 2,083.1 (2.5%) Net earned premiums 1,716.2 1,743.0 1.6% Net change in claims in

  21. Slide 21: Life Business

    Allianz @i) Life Business

  22. Slide 22: Life Business

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business Gross written premiums  Gross written premiums grew by 7.6%. Distribution  Continued focus on Agency productivity.  Bancassurance recorded a strong growth of 23.8%.  Product mix  Remain focus on sales of investment-linked products

  23. Slide 23: Life Business: Growth in GWP mainly from Agency and Bancassurance

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Growth in GWP mainly from Agency and Bancassurance Gross Written Premiums (“GWP”) (RM’mil) +7.6% GWP Mix & Growth (%) (12M 2016) 2,099.7 1,952.2 Mix Single 567.8 Premium 529.8 525.5 19.1% 500.8 505.6 466.3 466.8 489.3 Recurring Premium

  24. Slide 24: Life Business: Growth in new business driven by Agency and Bancassurance

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Growth in new business driven by Agency and Bancassurance Annualised New Premiums (“ANP”) (RM’mil) ANP Channel Mix (%) +5.9% (12M 2016) 370.7 392.5 124.1 Alternative Corporate 2.3 Distribution/ 2.3 4.1% Bancassurance 10.1 11.9% 106.8 2

  25. Slide 25: Life Business: Continue focus on profitable regular Investment-Linked products

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Continue focus on profitable regular Investment- Linked products Agency Annualised New Premiums (RM’mil) +3.9% Agency Product Mix (%) (12M 2016) 329.7 317.4 By ANP Traditional 23.3% 109.4 By Policy Count 95.0 Traditional 84.2 Investmen

  26. Slide 26: Life Business: Investment-Linked sales continue to grow

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Investment-Linked sales continue to grow Annualised New Premiums (RM’mil) Gross Written Premiums (RM’mil) +7.8% +17.2% 774.3 907.3 234.7 253.0 253.7 218.2 225.6 86.0 210.9 217.1 192.5 179.0 184.6 66.8 61.2 61.4 50.8 55.9 50.0 55.6 1Q 2

  27. Slide 27: Life Business: Higher net investment results

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Higher net investment results due to higher investment income, net realised gains and lower impairment and fair value losses Net Investment Results (RM’mil) (LF+SHF) +34.6% Portfolio Mix and Investment Yield (LF+SHF) 274.4 (%) (Annuali

  28. Slide 28: Life Business: Financial results at a glance

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Financial results at a glance RM’mil 12M 2015 12M 2016 16/15 % Gross written premiums 1,952.2 2,099.7 7.6% Premiums ceded to reinsurers (164.0) (152.2) 7.2% Net earned premiums 1,788.2 1,947.5 8.9% Net change in benefits and claims pa

  29. Slide 29: Thank You for Your Attention

    Thank You for Your Attention Allianz @)

  30. Slide 30: Disclaimer

    Disclaimer These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-Looking Statements The statements contained herein may include statements of future levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency expecta

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