Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Q1 2018 Earnings Presentation

25 slides from Allianz Malaysia Bhd's earnings presentation, May 30, 2018

  1. Slide 1: Allianz Malaysia Berhad Financial Results 1Q 2018 Analyst Briefing

    Allianz Malaysia Berhad (12428-W) Financial Results 1Q 2018 Analyst Briefing 30 May 2018

  2. Slide 2: AMB Group Results

    1 AMB Group Results 2

  3. Slide 3: Good start for 2018

    Allianz Malaysia Berhad (12428-W) Good start for 2018 Operating revenue  Group operating revenue of RM1.27 billion, an increase of 5.2% as compared to corresponding period of RM1.21 billion due to higher gross earned premiums and investment income by RM43.8 million and RM18.6 million respectively.

  4. Slide 4: Financial Highlights 3M 2018: Group Operating Revenue

    Allianz Malaysia Berhad (12428-W) Financial Highlights 3M 2018 Group Operating Revenue (RM’mil) General Business (RM’mil) +5.2% +5.2% 565.3 594.8 3M 2017 3M 2018 1,271.4 Life Business (RM’mil) 1,208.9 +5.1% 640.2 673.1 3M 2017 3M 2018 3M 2017 3M 2018 4

  5. Slide 5: Financial Highlights 3M 2018: Group Gross Written Premiums

    Allianz Malaysia Berhad (12428-W) Financial Highlights 3M 2018 Group Gross Written Premiums (“GWP”) (RM’mil) General Business (RM’mil) +3.7% +4.4% 561.0 585.7 3M 2017 3M 2018 1,116.0 1,157.7 Life Business (RM’mil) +3.1% 555.0 572.0 3M 2017 3M 2018 3M 2017 3M 2018 5

  6. Slide 6: Financial Highlights 3M 2018: Group Profit Before Tax

    Allianz Malaysia Berhad (12428-W) Financial Highlights 3M 2018 Group Profit Before Tax (RM’mil) +17.4% PBT Drivers (RM’mil) 127.6 +5.2 +14.8 108.7 (1.1) 127.6 108.7 PBT General Life Investment PBT 3M 2017 Business Business Holdings 3M 2018 3M 2017 73.5 36.3 (1.1) 108.7 3M 2018 88.3 41.5 (2.2) 127.6

  7. Slide 7: Financial Overview

    Allianz Malaysia Berhad (12428-W) Financial Overview 3 YEAR RM’mil 2015 2016 2017 3M 2017 3M 2018 CAGR Gross Written Premiums 4,132.7 4,182.6 4,285.4 2.6% 1,116.0 1,157.7 Management Expenses 464.8 513.2 603.8 11.5% 148.1 135.7 Expense Ratio (Non 16.9% 17.4% 20.3% (3.0) pts 20.3% 16.7% Life) Expense

  8. Slide 8: Summary of unaudited Financial Results

    Allianz Malaysia Berhad (12428-W) Summary of unaudited Financial Results RM’mil 3M 2017 3M 2018 18/17 % Operating revenue 1,209.0 1,271.4 5.2% Gross earned premiums 1,079.2 1,123.0 4.1% Premiums ceded to reinsurers (122.4) (97.2) 20.6% Net earned premiums (“NEP”) 956.8 1,025.8 7.2% Net change in be

  9. Slide 9: General Business

    Allianz @i) General Business

  10. Slide 10: General Business

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business Gross written premiums  Gross written premium growth by 4.4% as compared to prior year. Net investment results  Stable growth in investment income. ✔ Profitability  Higher underwriting profit from lower expense ratio.

  11. Slide 11: General Business: GWP is 4.4% above prior year

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: GWP is 4.4% above prior year Gross Written Premiums (RM’mil) Distribution Channel & Portfolio Mix +4.4% Telemarketing 3.0% Agent 65.1% Motor 61.9% Broker 8.7% Banca 561.0 585.7 1.3% Franchise 21.9% Fire Misc 16.8% 11.9%

  12. Slide 12: 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) +7.9% Portfolio Mix and Investment Yield (Annualized) Portfolio Mix Investment Yield 43.5 40.3 Deposit Property 7.7% 0.4% Corp Bo

  13. Slide 13: General Business: Higher PBT due to higher underwriting profit

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Higher PBT due to higher underwriting profit Profit Before Tax (RM’mil) 20.1% PBT Drivers (RM’mil) 11.6 2.4 0.8 88.3 73.5 88.3 73.5 PBT UW Investment Others PBT 3M 2017 result income 3M 2018 3M 2017 3M 2018 3M 2017 33.2

  14. Slide 14: General Business: Lower Combined ratio due to lower Expense ratio

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Lower Combined ratio due to lower Expense ratio Combined Ratio 2.0pts 92.6% 90.6% 20.3% 16.7% 59.7% 61.1% 12.6% 12.8% 3M 2017 3M 2018  Commission Ratio  Claims Ratio  Expense Ratio 14

  15. Slide 15: General Business: Unaudited financial results at a glance

    Allianz General Insurance Company (Malaysia) Berhad (735426-V) General Business: Unaudited financial results at a glance RM’mil 3M 2017 3M 2018 18/17 % Gross written premiums 561.0 585.7 4.4% Gross earned premiums 524.2 551.0 5.1% Net earned premiums 446.5 479.2 7.3% Net change in claims incurred (

  16. Slide 16: Life Business

    Allianz @i) Life Business

  17. Slide 17: Life Business

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business Gross written premiums  Gross written premiums grew by 3.1%. Distribution  Agency ANP achieved 1.5% growth.  Remain focus on building professional and productive agency force.  Product mix  Focus on sales of investment-linked produ

  18. Slide 18: Life Business: Top line growth contributed by higher renewal premiums

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Top line growth contributed by higher renewal premiums Gross Written Premiums (“GWP”) (RM’mil) +3.1% GWP Mix & Growth (%) (3M 2018) 572.0 Mix Single 555.0 Premium 21.0% 428.5 451.7 Recurring Premium Growth Recurring Premium 79.0% 5.4%

  19. Slide 19: Life Business: ANP remains flat

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: ANP remains flat Annualised New Premiums (“ANP”) (RM’mil) ANP Channel Mix (%) -1.6% (3M 2018) Corporate Alternative 7.0% 110.2 108.4 Distribution/ Bancassurance 7.2 7.6 16.8% 1.0 0.0 20.6 18.2 Agency 76.2% 81.4 82.6 3M 2017 3M 2018 Age

  20. Slide 20: Life Business (Agency): Continue focus on profitable regular Investment-Linked products

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business (Agency): Continue focus on profitable regular Investment-Linked products Agency Annualised New Premiums (RM’mil) Agency Product Mix (%) (3M 2018) +1.5% By ANP Traditional 81.4 82.6 21.1% By Policy Count Traditional 13.2% Investment- In

  21. Slide 21: Life Business: Protection Business (Investment-Linked) continues to grow

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Protection Business (Investment-Linked) continues to grow Annualised New Premiums (RM’mil) Gross Written Premiums (RM’mil) +4.3% +18.1% 292.8 62.5 65.2 248.0 3M 2017 3M 2018 3M 2017 3M 2018 21

  22. Slide 22: Life Business: Lower net investment results due to fair value losses

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Lower net investment results due to fair value losses Investment Results by Investment Results funds (RM’mil) (RM’mil) -48.7% -48.7% Portfolio Mix and Investment Yield (LF+SHF) (%) (Annualized) 231.5 231.5 Portfolio Mix Cash Others Inv

  23. Slide 23: Life Business: Unaudited financial results at a glance

    Allianz Life Insurance Malaysia Berhad (104248-X) Life Business: Unaudited financial results at a glance RM’mil 3M 2017 3M 2018 18/17 % Gross written premiums 555.0 572.0 3.1% Premiums ceded to reinsurers (44.7) (25.4) 43.2% Net earned premiums 510.3 546.6 7.1% Net change in benefits and claims pai

  24. Slide 24: Thank You for Your Attention

    Thank You for Your Attention Allianz @)

  25. Slide 25: 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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