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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q3 2023 Earnings Presentation

25 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Oct 31, 2023

  1. Slide 1: Financial Results 23Q3 Earnings Call

    Financial Results 23Q3 Earnings Call Oct 31, 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 _____________ 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 ₺288 bn (129% YoY) • Health (%149) & Fire (%145) strong growth Motor Branches (MOD&MTPL) • MTPL gradual cap increase 2% per month • MOD pricing gets competitive Financial Conditions • Central Bank increased policy rate to 35% • USDTRY chart relative

  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 (%) 22M9 23M9 Türkiye 13% Türkiye 16.106 38.697 140,3 Allianz 13.372 31.101 132,6 Other 32% Anadolu 15.463 28.492 84,3 Allianz 11% Axa 7.857 19.768 151,6 HDI 8.513 17.981 111,2 T

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Core Business • MOD combined ratio maintains 82% level in 23M9 • Health retains break-even combined ratio in 23Q3 (23Q1: %114 – 23Q2: %100 – 23Q3: %100) • Solid reinsurance coverage (earthquake net loss ≈ 276 mn TRY ) / covered by Equalization Reserve MTPL • MTPL growth 43% vs.

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

    Highlights – Branch Breakdown & Growth Rate OTHER 20% Health Motor Other 98% 146% 149% ANSGR MOTOR 47% TRY 28,5 bn 91% HEALTH 66% 68% 12% FIRE 21% 22M9 23M9 22M9 23M9 22M9 23M9 Health Motor Other OTHER 21% 144% 118 149% % MOTOR 108% 91% SECTOR 48% 123% TRY 282,6 bn HEALTH 16% FIRE 22M9 23M9 22M9 23M

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 22M9 23M9 ΔYoY (%) 22M9 23M9 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 4.020 5.764 43,4 35.001 81.283 132,2 MOD 3.958 7.623 92,6 27.037 57.118 111,3 Fire and Nat. D. 2.821 5.820 106,3 17.264 42.271 144,8 Health 1.418 3.490 146

  9. Slide 9: Market Share & Rank

    Market Share & Rank Rank Market Share Market Share Market Share BRANCHES 23M9 22M9 23M9 Change Aircraft 1 49,3% 55,4% 6,1 Aircraft Liability 1 39,9% 45,7% 5,8 Watercraft 1 33,0% 26,8% -3,2 MOD 2 14,6% 13,3% -1,3 Fire 2 16,3% 13,7% -2,6 Marine Transportation 2 15,5% 13,7% -1,8 MTPL 3 11,5% 7,1% -4,4

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

    Net Profit Drivers (₺ Mn) 5.423 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 30.000 300.000 Millions 12% -1 10% -2 25.000 250.000 12% 16% +1 20.000 13% 200.000 14% 15.000 +1 150.000 +1 14% 12% 11% 10.000 12% 100.000 15% 63% 13% 60% -1 +1 5.000 62% 50.000 61% 0 0 Mn TL Mn TL 22M9 23M9 22M9 23M9 Agenc

  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 +85,0% +401,4% +15,0 171 29,9 81,7% Accident 92 66,7% 6,0 22Q3 23Q3 22Q3 23Q3 22Q3 23Q3 Claims Net (mn TRY) Combined Ratio GPW (mn TRY) +210,0% -23,4 +120,9% 1.296 782 123,8% Health 354 418 100,4% 22Q3 23Q3 22Q3 23Q3 22Q3 23Q

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

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +51,9% +94,8% -10,9 2.745 1.634 MOD 1.807 839 99,0% 88,1% 22Q3 23Q3 22Q3 23Q3 22Q3 23Q3 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +7,3% +5,2% -90,7 2.153 MTPL 2.007 1.270 1.336 208,1% 117,4% 22Q3 23Q3 22Q3 23Q3 22Q3 23Q

  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 +113,5% +207,2% +30,5 2.148 728 140,6% Fire & Nat. D. 1.006 110,1% 237 22Q3 23Q3 22Q3 23Q3 22Q3 23Q3 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +173,2% +74,7% -3,3 601 110,3% 262 General Losses 150 220 107,0% 22Q3 23Q3 2

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio (%) 22M9 23M9 Claims Ratio (%) 22M9 23M9 MOD 121,3 81,7 MOD 93,7 59,3 MTPL 173,2 163,7 MTPL 143,6 137,0 Fire 117,3 134,8 Fire 68,1 105,0 Health 126,2 107,3 Health 96,3 79,9 Accident 67,7 74,4 Accident 11,3 19,4 General Losses 116,1 101,7 General Losses 9

  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) 53.628 29.211 30.706 20.438 74,6% 42,9% 16.776 10.779 9.767 12.076 6.212 7.774 2019 2020 2021 2022 23M9 2019 2020 2021 2022 23M9 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 27.781 14.629 17.536 58,4% 9.297 6.048

  19. Slide 19: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 22Q3 23Q3 Change (%) P&L 22Q3 23Q3 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 3.194 6.714 110 3.194 6.714 110 Tech. Expenses -4.223 -6.889 63 -4.223 -6.889 63 Net Financial Inc. + Other Exp. (*) 1.224 3.532 184 1.256 3.679 193 Gross Profit 215 3.357 1.459 227 3.5

  20. Slide 20: Net Income (₺ mn)

    Net Income (₺ mn) 989% Technical Earnings -2.248 Investment income 9.321 5.423 Dividend income 100 Amortization -87 Provisions & Other -110 Tax -1.553 498 Net income 5.423 22M9 23M9 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 20

  21. Slide 21: Solo & Consolidated ROAE

    Solo & Consolidated ROAE 100% 99,0%* 90% 80% 73,4%* 70% 60% 50% 40% 40,8% 21,2% 32,3% 30% 28,6% 24,2% 23,9% 20% 18,6% 17,4% 10% 0% 2019 2020 2021 2022 23M9 ROAE ROAE-Consolidated * 12 Months Trailing Profit Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relation

  22. Slide 22: Investment Portfolio

    Investment Portfolio Deposits 23% Bonds 29% In 23M9; TRY 27,8 bn Dividend from ANHYT 100 mn TRY Investment Income 9,321 bn TRY Stock 12% Portfolio Return ~* 64,7% * ANHYT dividend excluded. Funds 35% ‣TRY 24,2 bn at 30.06.2023 ‣TRY 17,5 bn at 31.12.2022 *Accrued annualized yield in p&l table Copyrig

  23. Slide 23: Investment Portfolio Breakdown

    Investment Portfolio Breakdown Bonds Bank Deposits 3 - 6 Month CPI Linked 8% 1 - 3 Month Bonds (TL) 17% 27% Corporate Bonds (TL) 1% Sovereign Up to 1 Eurobonds Month 72% 75% Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 23

  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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