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

Anadolu Anonim Turk Sigorta Sirketi A.s — H1 2024 Earnings Presentation

25 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Jul 31, 2024

  1. Slide 1: Financial Results 24H1 Earnings Call

    Financial Results 24H1 Earnings Call July 31, 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 ₺337bn (81,3% YoY) • Growth above CPI: %5,66 Motor Branches (MOD&MTPL) • New calculation method in force - June 2024: %3,25 • No mid-year minimum wage hike Financial Conditions • Central Bank stood at 50% • TL depreciation below CPI (24Q2 TL depreci

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

    Top 10 Non-Life Companies in the Sector Premium Premium Change (₺ Mn) Production Production 23H1 24H1 (%) Production Share by Companies Türkiye Türkiye 24.402 50.411 106,6 15% Allianz 20.622 37.946 84,0 Other 31% Anadolu 18.243 31.545 72,9 Allianz Axa 15.971 25.876 62,0 11% Aksigorta 11.117 17.522 5

  6. Slide 6: Highlights - Anadolu

    Highlights - Anadolu Core Business • Improvement in MOD claims ratio: 57,6% (24Q1 – 60%) • Strong growth in health branch - %133 • Bancassurance premium above sector average MTPL • MTPL Premium growth 56% in 2024H1 • MTPL Claims Ratio %98,6 vs %167 in 23 H1 Assets Under Management • AUM reached to ₺

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

    Highlights – Branch Breakdown & Growth Rate OTHER 21% Health Motor Other MOTOR 149% 88% 83% 40% ANSGR 104% TRY 31,5 bn 133% 47% HEALTH 18% FIRE 21% 23H1 24H1 23H1 24H1 23H1 24H1 OTHER Health Motor Other 22% MOTOR 160% 42% 151% 118% SECTOR 100% 94% TRY 337 bn 64% HEALTH 19% FIRE 23H1 24H1 23H1 24H1 2

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 23H1 24H1 ΔYoY (%) 23H1 24H1 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 3.611 5.647 56,4 51.151 92.380 80,6 MOD 4.878 6.868 40,8 35.698 50.400 41,2 Fire and Nat. D. 3.672 6.724 83,1 25.784 57.845 124,3 Health 2.385 5.566 133,4

  9. Slide 9: Market Share & Rank

    Market Share & Rank Rank Market Share Market Share Market Share BRANCHES 24H1 23H1 24H1 Change MOD 1 13,66% 13,63% 0,0 Watercraft 1 23,35% 24,68% 1,3 Fire 2 14,24% 11,62% -2,6 Aircraft 2 54,44% 29,77% -24,7 Transportation 2 14,12% 15,57% 1,4 Aircraft Liability 2 53,69% 21,38% -32,3 Accident 3 5,70%

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

    Net Profit Drivers (₺ Mn) 5.438 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 35.000 Premium Production – Sector 400.000 Millions 30.000 -3 10% -3 350.000 25.000 16% 13% 300.000 +5 14% +2 17% 20.000 250.000 13% +1 13% 200.000 15.000 11% 16% -1 13% 150.000 15% 10.000 60% 14% -3 100.000 57% 63% +2 5.000 50.000 55% 0 0 23H1 24H1 M

  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 +111,5% +18,2% -2,1 271 21,7 Accident 69,1% 67,0% 128 18,4 23Q2 24Q2 23Q2 24Q2 23Q2 24Q2 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +137,7% +187,5% +9,6 2.201 Health 1.722 110,0% 926 599 100,4% 23Q2 24Q2 23Q2 24Q2 23Q2 2

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

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +35,1% +58,4% -0,7 3.474 1.784 78,0% 77,3% MOD 2.572 1.126 23Q2 24Q2 23Q2 24Q2 23Q2 24Q2 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +79,7% +21,7% -12,9 3.066 MTPL 1.891 2.301 167,2% 1.706 154,3% 23Q2 24Q2 23Q2 24Q2 23Q2

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

    GPW and Technical Earnings Combined Ratio) GPW (mn TRY) Claims Net (mn TRY) +55% -60,3% -90,2 3.318 886 160,9% Fire & Nat. D. 2.140 352 70,7% 23Q2 24Q2 23Q2 24Q2 23Q2 24Q2 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +45,3% -12,3% -34,3 General Losses 856 235 206 104,9% 589 70,6% 23Q2 24Q2 23Q2 2

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio (%) 23H1 24H1 Claims Ratio (%) 23H1 24H1 MOD 77,7 81,6 MOD 53,9 57,6 MTPL 193,3 126,6 MTPL 167,0 98,6 Fire 130,8 87,9 Fire 110,4 44,7 Health 106,7 121,6 Health 79,7 92,8 Accident 70,1 72,1 Accident 16,4 10,4 General Losses 97,8 84,4 General Losses 77,3 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) 81.515 42.315 35.982 58.368 20.438 17,6% 39,7% 30.706 10.779 12.076 16.776 7.774 2020 2021 2022 2023 24H1 2020 2021 2022 2023 24H1 Assets Under Management (mn TRY) Shareholders' Equity (mn TRY) 27.109 41.585 32.026 14.204 29,8% 90,9% 1

  19. Slide 19: Income Statement (₺ mn) H1

    Income Statement (₺ mn) Change (%) 23H1 24H1 Change (%) P&L 23H1 24H1 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 10.236 19.021 86 10.236 19.021 86 Tech. Expenses -12.310 -19.244 56 -12.310 -19.244 56 Net Financial Inc. + Other Exp. (**) 5.604 7.124 27 5.768 7.368 28 Gross Profit 3.530 6.901 95 3.6

  20. Slide 20: Income Statement (₺ mn) Q2

    Income Statement (₺ mn) Change (%) 23Q2 24Q2 Change (%) P&L 23Q2 24Q2 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 5.721 9.901 73 5.721 9.901 73 Tech. Expenses -6.653 -10.093 52 -6.653 -10.093 52 Net Financial Inc. + Other Exp. (**) 4.579 3.473 -24 4.764 3.717 -22 Gross Profit 3.647 3.281 -10 3.832

  21. Slide 21: Net Income (₺ mn)

    Net Income (₺ mn) 87% Technical Earnings -223 Investment income 7.733 5.438 Dividend income 200 Amortization -73 Provisions -488 2.910 Rediscount 56 Other income -581 Tax -1.186 Net income 5.438 23H1 24H1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations

  22. Slide 22: Solo & Consolidated ROAE

    Solo & Consolidated ROAE 100% 90% 80% 75,2% 71,2% 70% 58,4% 60% 50,7% 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 2024H1 ROAE ROAE-Consolidated * 12 Months Trailing Profit Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and

  23. Slide 23: Investment Portfolio

    Investment Portfolio Other 2% Deposits 24% Bonds 23% In 24H1: TRY 41,5 bn Dividend from ANHYT 200 mn TRY Investment Income 7.733 bn TRY Stock Portfolio Return ~ 23,3% 12% * ANHYT dividend excluded. Funds 39% ‣TRY 36,4 bn at 31.03.2024 ‣TRY 32,0 bn at 31.12.2023 Copyright © 2022, Anadolu Sigorta. All

  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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