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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q4 2022 Earnings Presentation

27 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Feb 7, 2023

  1. Slide 1: Financial Results 22Q4 Earnings Call

    Financial Results 22Q4 Earnings Call 7 Feb 2023 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 _____________ 13 Financial Highlights _____________ 18 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 Performance • Premium production at ₺204,1 bn (133,1% YoY) • Growth above CPI • Solvency Ratio – Methodology amendment Motor Branches (MOD&MTPL) • MTPL policies being sold at cap prices • Surging MOD policy prices • MTPL price cap one-off increase – 20% Financial Measures

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

    Top 10 Non-Life Companies in the Sector Premium Premium Change Production Share by Companies (₺ Mn) Production Production (%) FY21 FY22 Türkiye 12% Türkiye 11.750 25.173 114,2 Anadolu 10.735 23.756 121,3 Other 31% Anadolu Allianz 9.854 22.308 126,4 11% HDI 4.808 13.824 187,5 Aksigorta 6.988 13.561 9

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Premium growth in main branches • Ranked in top three at 13 non-life branches • MOD growth 263% vs. sector growth 259% in 22Q4 • MTPL growth 115% vs. sector growth 209% in 22Q4 Portfolio Allocation Updates • CPI linked Treasury Bonds • Increase in FX Long Position • Increase wei

  7. Slide 7: Highlights – Anadolu

    Highlights – Anadolu MOD - Average Premium Increase MOD - Average Vehicle Price Increase 18.000 800.000 16.000 700.000 14.000 600.000 12.000 500.000 10.000 400.000 8.000 300.000 6.000 200.000 4.000 2.000 100.000 0 0 New Average Premium Renewal Average Premium New Average Vehicle Price Renewal Averag

  8. Slide 8: Highlights – GPW

    Highlights – GPW Other 20% Health Motor Other 94% 89% 159% ANSGR TRY 23,7 bn 43% 28% Fire Motor 53% 27% 17% Health 10% FY21 FY22 FY21 FY22 FY21 FY22 Health Motor Other Other 95% 130% 22% 172% SECTOR Motor Fire TRY 204,15 bn 50% 38% 30% 13% 20% Health FY21 FY22 15% FY21 FY22 FY21 FY22 Copyright © 202

  9. Slide 9: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) FY21 FY22 ΔYoY (%) FY21 FY22 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 2.902 6.055 108,6 23.309 57.585 147,1 MOD 1.952 6.524 234,2 14.292 44.514 211,5 Fire and Nat. D. 2.017 4.171 106,8 14.047 27.342 94,7 Health 1.217 2.355 93

  10. Slide 10: Market Share & Rank (TRY mn)

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES FY21 FY22 Growth (%) FY22 FY22 MOD 1.952 6.524 1 14,7% 234,2 Fire 2.017 4.171 1 15,3% 106,8 Watercraft 343 726 1 33,2% 111,9 MTPL 2.902 6.055 2 10,5% 108,6 General Liability 437 703 2 11,8% 60,9 Marine Transportation 256 579 2 15,1% 125,7 Finan

  11. Slide 11: Net Profit Drivers

    Net Profit Drivers 1.133 Unconsolidated (TRY mn) (*) 1.324 363 147 Consolidated (TRY mn) (*) Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department (*) Transferred financial income is excluded 11

  12. Slide 12: Distribution Channels

    Distribution Channels Premium Production – ANSGR 25.000 Premium Production – Sector 12% Millions 200.000 20.000 11% 11% -1 14% 14% -1 150.000 15.000 -1 13% +1 10.000 13% 100.000 11% 12% -2 13% 63% 15% 62% 5.000 15% 50.000 63% +4 58% TRY mn 0 TRY mn 0 FY21 FY22 FY21 FY22 Agency Bank Broker Other Agen

  13. Slide 13: Technical Results

    Technical Results Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 13

  14. Slide 14: GPW and Technical Earnings: Accident, Health

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +9,9% -22,2% -11,1 128 12,2 77,4% 9,5 66,3% Accident 117 21Q4 22Q4 21Q4 22Q4 21Q4 22Q4 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +157% +11,4 +81% 139,2% 497 937 Health 274 364 127,8% 21Q4 22Q4 21Q4 22Q4 21Q4 22Q4 Copyri

  15. Slide 15: GPW and Technical Earnings: MOD, MTPL

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +263,1% +97,2% -35,3 2.566 898 126,3% 91,0% MOD 455 707 21Q4 22Q4 21Q4 22Q4 21Q4 22Q4 GPW (mn TRY) +114,8% Claims Net (mn TRY) Combined Ratio +116,6% +12,8 2.034 1.534 257,3% MTPL 947 709 244,5% 21Q4 22Q4 21Q4 22Q4 21Q4 22Q4

  16. Slide 16: GPW and Technical Earnings: Fire, General Losses

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +112,1% +42,5% -34,3 1.349 171,1% 398 136,8% Fire & Nat. D. 636 279 21Q4 22Q4 21Q4 22Q4 21Q4 22Q4 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +86,6% +14,5% -15,2 512 112,6% 122 97,4% 106 General Losses 274 21Q4 22Q4 21Q4

  17. Slide 17: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio FY21 FY22 Claims Ratio FY21 FY22 MOD 111,8% 109,8% MOD 86,1% 83,0% MTPL 153,7% 198,2% MTPL 131,9% 167,1% Fire 136,7% 123,8% Fire 92,3% 73,1% Health 110,1% 130,1% Health 82,8% 99,5% Accident 64,9% 67,3% Accident 17,1% 11,5% General Liability 275,0% 126,1%

  18. Slide 18: Financial Highlights

    Financial Highlights Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 18

  19. Slide 19: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 30.706 20.438 16.776 10.779 12.076 83,0% 7.774 89,6% 7.904 9.767 5.184 6.212 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Assets Under Management (mn TRY) Shareholders' Equity (mn TRY) (*) 6.048 17.536 3.204 2.810 9.297 2.155

  20. Slide 20: Income Statement (₺ mn) – Q4

    Income Statement (₺ mn) Change (%) 21Q4 22Q4 Change (%) P&L 21Q4 22Q4 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.609 3.679 129 1.609 3.679 129 Tech. Expenses -2.540 -4.998 97 -2.540 -4.998 97 Net Financial Inc. + Other Exp. (*) 1.168 1.915 64 1.222 2.037 67 Gross Profit 237 596 152 291 717 146 T

  21. Slide 21: Income Statement (₺ mn) – FY

    Income Statement (₺ mn) Change (%) FY21 FY22 Change (%) P&L FY21 FY22 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 6.019 11.028 83 6.019 11.028 83 Tech. Expenses -7.652 -14.514 90 -7.652 -14.514 90 Net Financial Inc. + Other Exp. (*) 2.280 4.663 104 2.348 4.853 107 Gross Profit 648 1.177 82 716 1.36

  22. Slide 22: Net Income (₺ mn)

    Net Income (₺ mn) +117% Technical Earnings -3.486 1.133 Investment income 4.828 Dividend income 88 Amortization & Depreciation -150 Provisions -206 522 Rediscount -64 Other income 167 Tax -44 Net income 1.133 2021 2022 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Inves

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

    Solo & Consolidated Figures (₺ mn) 40,0% 1800 36,2% 1600 35,0% 1400 1.324 30,0% 27,4% 28,6% 1200 21,2% 24,2% 1.133 25,0% 23,9% 1000 18,7% 18,6% 24,5% 20,0% 800 17,4% 590 15,0% 600 510 522 449 461 403 10,0% 400 308 324 200 5,0% 0 0,0% 2018 2019 2020 2021 2022 Net Profit Net Profit-Consolidated ROAE R

  24. Slide 24: Investment Portfolio

    Investment Portfolio Deposits 47% In FY22; TRY 17,5bn Bonds 40% Dividend from ANHYT 88 mn TRY Investment Income 4.381 mn TRY Stock Funds Portfolio Return ~* 43% 7% 6% * ANHYT dividend excluded. ‣TRY 13,1 bn at 30.09.2022 ‣TRY 9,3 bn at 31.12.2021 *Accrued yield in p&l table Copyright © 2022, Anadolu

  25. Slide 25: Investment Portfolio Breakdown

    Investment Portfolio Breakdown Bonds Bank Deposits Financial Assets CPI Linked Up to 1 Bonds (TL) month 1–6 Corporate 15% 8% month Eurobonds Funds+Stocks 3% 20% 1–3 Demand 22% month Deposits 6 – 12 25% 3% month 6% TRY 7,1bn TRY 7,5bn TRY 10,1bn Corporate Bonds (TL) 2% 1 – 3 year more than 19% 5 year

  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 © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 27

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