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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q4 2018 Earnings Presentation

21 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Feb 5, 2019

  1. Slide 1: Financial Results 4Q18 Earnings Call

    Financial Results 4Q18 Earnings Call February 5, 2019 1

  2. Slide 2: Content

    Content  Highlights of Sector  Growth Performance  Highlights of Anadolu  Core indicators  Premium production  Financial statements  Market Share & Rank  Investment portfolio  Branch Technical Results  Q&A session  Profitability 2

  3. Slide 3: Sector premium growth and market share ranking

    FY18 FY17 GPW Share GPW Share • Pool effect in premium growth (mn TRY) (mn TRY) Allianz 5.810 12,2% Allianz 5.134 12,9% Anadolu 5.701 11,9% Anadolu 4.671 11,8% Aksigorta 3.417 7,2% Axa 2.908 7,3% • MTPL strategies Axa 3.375 7,1% Mapfre 2.680 6,8% Mapfre 2.645 5,5% Aksigorta 2.636 6,6% Top 10 30.985

  4. Slide 4: Sector premiums by branch

    BRANCHES FY18 FY17 Change (YoY) (%) MTPL 15.854 13.042 21,6% MOD 7.843 6.916 13,4% Health 6.244 5.026 24,2% General Losses 5.247 4.355 20,5% Fire 6.973 5.746 21,3% Accident 1.812 1.682 7,7% General Liability 1.390 1.024 35,8% Marine Transportation 830 652 27,3% Financial Losses 346 326 6,1% Watercra

  5. Slide 5: Strong growth and improving financials

    • Strong Growth • MTPL Excluded Growth - Stronger (mn TRY) FY17 FY18 YoY(%) (mn TRY) FY17 FY18 YoY(%) Anadolu 4.671 5.701 22,1 Anadolu 3.329 4.151 24,7 Sector 39.711 47.733 20,2 Sector 26.669 31.879 19,5 • Improving financials • Premium Increase In Health Branch (mn TRY) FY17 FY18 YoY(%) (mn TRY) FY

  6. Slide 6: GPW branch breakdown

    17Q4 18Q1 18Q2 18Q3 18Q4 YoY(%) MOD 273 234 268 244 344 26,0 MTPL 393 376 377 382 416 5,9 FIRE 243 209 310 211 306 25,9 HEALTH 136 218 208 106 179 31,6 OTHER 296 341 319 275 379 28,0 TOTAL 1.341 1.378 1.482 1.218 1.624 21,1 4Q18 Breakdown GPW Branch Breakdown 450 OTHER MOD 400 21,2% 23,3% 350 300 25

  7. Slide 7: Market share and rank by branch

    Rank Market Share BRANCHES FY17 FY18 Growth 2018 2018 MOD 953 1.090 1 14% 14% Fire 814 1.035 1 15% 27% General Liability 181 272 1 20% 50% Marine Transportation 86 119 1 14% 37% Watercraft 89 118 1 39% 33% Bond Insurance -- 14 1 19% -- MTPL 1.342 1.551 2 10% 15% General Losses 414 513 2 10% 24% Airc

  8. Slide 8: Premium Production by channel – Sector vs ANSGR

    Premium Production – Sector Premium Production – ANSGR Direct Direct 7% 3% Other Other 4% 12% Broker 12% Broker 10% Bank Agency Agency Bank 14% 61% 63% 14% 8

  9. Slide 9: Accident and Health

    18Q3 18Q4 Change • Strong Premium production GPW 33,3 40,8 22,4% in the last quarter Accident Earned Premiums Claims (Net) 30,8 8,6 31,8 3,4% 6,9 -19,2% • Improvement in the claims ratio brings combined ratio to %69 at the Claims Ratio 27,9% 21,7% -22,3% end of the year 18Q3 18Q4 Change • Robust gro

  10. Slide 10: Land Vehicles and General Losses

    18Q3 18Q4 Change • Strong Premium production in the last quarter brings the GPW 244,1 344,1 41,0% Land Earned Premiums 253,6 263,7 4,0% cumulative growth to 14% from 10% . Vehicles Claims (Net) Claims Ratio 236,8 93,4% 239,2 90,7% 1,0% -2,9% • Significant progress in terms of claims ratio 18Q3 18Q4

  11. Slide 11: MTPL and Fire

    18Q3 18Q4 Change • Monthly 1,5% increase at the GPW 381,6 415,6 ceiling 8,9% Earned Premiums 247,2 241,6 -2,3% • Flat claims ratio despite the MTPL Claims (Net) 291,5 283,7 -2,7% increasing reserves due to Claims Ratio 117,9% 117,4% -0,4% minimum wage increase 18Q3 18Q4 Change • Significant improvem

  12. Slide 12: Combined Ratio

    Combined Ratio 17Q4 18Q3 18Q4 FY17 FY18 MOD 107,5% 119,2% 115,9% 105,0% 110,7% MTPL 110,9% 131,4% 140,0% 110,1% 127,9% Fire 107,3% 137,7% 92,6% 112,4% 105,9% Health 113,6% 100,5% 120,8% 109,8% 113,3% P.Accident 52,9% 66,8% 65,5% 59,0% 69,2% General Liability 165,4% 152,8% 28,8% 177,2% 114,8% General

  13. Slide 13: Total assets, technical reserves, cash and equity

    Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 16% 7.853 5.184 6.929 4.456 5.840 3.914 4.677 2.934 3.773 2.282 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Cash and Marketable Sec. (mn TRY) (*) Shareholders' Equity (mn TRY) 1.639 1.646 5.050 4.505 1.202 1.223 3.832 1.020 2.776 2.250 2014 201

  14. Slide 14: Market capitalization and P/BV

    (TRY) Change 2018 2017 (2018-2017) Mcap 2.055mn 1.550mn 33% Equity (Book Value) 1.646mn 1.639mn 0,4% P / BV 1,25 0,95 2500 1,4% 1,3% 1,2% 2000 1,0% 2.055 1,0% 0,8% 1500 1.639 1.646 0,8% 0,7% 0,7% 1.550 1000 1.202 1.223 0,6% 1.020 965 0,4% 710 795 500 0,2% 0 0,0% 2014 2015 2016 2017 2018 Mcap Equity

  15. Slide 15: Net Profit 4Q18

    Change (%) Change (%) P&L 18Q4 17Q4 18Q3 (YoY) (QoQ) Tech. Income (*) 976 857 988 14% -1% Tech. Expenses -1.084 -903 -1.178 20% -8% Net Financial Inc. + Other Exp. (*) 208 155 267 34% -22% Deferred Tax -62 -11 49 464% -227% Gross Profit 38 98 126 -61% -70% Tax 38 -12 -66 -417% -158% Net Profit 76 86

  16. Slide 16: Net Profit FY18

    Change (%) P&L FY18 FY17 (YoY) Tech. Income (*) 3.658 3.371 9% Tech. Expenses -4.122 -3.620 14% Net Financial Inc. + Other Exp. (*) 857 481 78% Deferred Tax -6 5 -220% Gross Profit 387 237 63% Tax -79 -53 49% Net Profit 308 184 67% Income from subsidiary -34 -28 21% Net Profit - dividend income excl

  17. Slide 17: Assets and liabilities

    Assets 31.12.18 31.12.17 Liabilities 31.12.18 31.12.17 Cash + Marketable Sec. 5.101 4.608 Technical Provisions 5.185 4.456 Equity Participations 517 690 Shareholders' Equity 1.646 1.639 Other Assets 2.286 1.734 Other Liabilities 1.073 937 Assets 7.904 7.032 Liabilities 7.904 7.032 17

  18. Slide 18: Assets, shareholders' equity, ROAE

    9.000 30,0% 27,4% 8.000 25,0% 7.000 7.904 7.032 6.000 17,7% 18,7% 20,0% 5.974 5.000 4.888 13,2% 15,0% 4.673 4.000 10,5% 4.117 3.773 9,9% 3.000 8,7% 10,0% 3.410 7,6% 7,4% 5,9% 2.408 2.000 1.927 5,0% 1.639 1.646 1.000 1.202 1.223 1.051 308 72 64 88 184 0 0,0% 2014 2015 2016 2017 2018 Assets Shareholde

  19. Slide 19: Investment Portfolio

    Stocks Other In FY18; 2,7% 0,8% Funds Dividend from ANHYT 34 mn TRY 6,5% Investment Income * 930 mn TRY Bonds Average Portfolio Income ~ 21,6% 12,4% * ANHYT dividend excluded. TRY 4,67 bn Deposits 77,5% Deposits Bonds Funds Stocks Other TRY 4,12 bn at 31.12.2017 19

  20. Slide 20: Forward-looking statements

    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 meaning. These statements

  21. Slide 21: Thank you

    THANK YOU... meee 7 24c eee nadolusig

Anadolu Anonim Türk Sigorta Şirketi — Q4 2018 Earnings Presentation on 6ix