Turkiye Sigorta A.s. · BIST:TURSG
Turkiye Sigorta A.s — 9M 2024 Earnings Presentation
19 slides from Turkiye Sigorta A.s's earnings presentation, Oct 25, 2024
Slide 1: Earnings Presentation 9M 2024
€OTURKIYE SiIGORTA Gucti, adinda. Earnings Presentation 9M 2024 Investor Relations, Turkiye Sigorta 9M 2024 |1
Slide 2: Table of Contents
| Table of Contents 01 Executive Summary Q2 Premium Production 03 Underwriting Performance O4. Financial Performance O05 Quarterly Gains O6 Appendix GOTURKIYE SiGORTA
Slide 3: Executive Summary
| Executive Summary Profitable Production Retention Ratio 46% Net Profit 4/73B Sustainable Profitability Technical Profit $9.6B #12.5B Executive Summary Robust Investment Results AuM Yield 41% £50B Market Share | Combined Ratio 14.5% 98% | 65% 15% a & ~ ; (aan) Individual Customers Bank Branches Age
Slide 4: 3Q24 in a Nutshell
| 3Q24 in a Nutshell Executive Summary GWP Production (¢ million) 44% 3,200 2.354 1.226 72,580 1,405 asi7 41927 12,495 -1,883 7,988 387 General Losses Accident MOD Other General Losses Accident MOD Other 6M24 F&ND MTPL Health 9M24 6M24 F&ND MTPL Health 9M24 AuM (€ million) Net Profit (¢ million) - Y
Slide 5: GWP Production in a More Sustainable Pace
| GWP Production in a More Sustainable Pace Premium Production Main branches #million 3,677 72,580 A 4,202 "We closely monitor 3,132 10,814 704 1,194 _ ay pricing dynamics wrt oro claims frequency in 38,697 MTPL segment. "We invest in Health segment for better coverage and customer experience. Gener
Slide 6: Market Leader in Non-Life Insurance Sector
| Market Leader in Non-Life Insurance Sector Premium Production 9M23 9M24 9M23 9M24 2) 2) % % TOTAL 13 14 1 1 * Higher premium Main Branches productions in main branches ensure our (yoy) General Losses 31 38 1 4 Ly market leader position. F&ND 21 23 1 1 * We follow strategically- Accident 36 28 1 4
Slide 7: Better-diversified and Unique Distribution Model
| Better-diversified and Unique Distribution Model & 9M24 9.3% 58.3% = Bank 9M24 17.3% 27.8% 11.7% Broker Strong Distribution Channels IRKiYE SiGORTA. Direct = No commission/brokerage fees under this channel ensures cost effectiveness. * Big ticket transactions are insured via sales. corporate Chann
Slide 8: Sustainable Technical Profit Generation
| Sustainable Technical Profit Generation Main branches million 1,815 388 12,495 3,914 1,444 wo -3,205 1,247 6360 (i General Losses Accident MOD Other 9M23 F&ND MTPL Health 9M24 9M24 2,036 5,985 3,746 -4,636 3,880 904 580 12,495 9M23 789 2,072 1,931 -1,431 2,436 371 192 6,360 A 158% 189% 94% 224% 59
Slide 9: Underwriting: Balancing Caution and Profitability
| Underwriting: Balancing Caution and Profitability Underwriting Performance General Losses F&ND MTPL MOD Health Accident i om23 Mi om24 146 149 94 76 77 70 56 51 a) a ee ma 39 40 12.12 13.16 14°14 Comission See [lhl eee Ratio (%) -20 -25 Expense 10 10 1213 1613 6 8B 8 10 18 6 6 7 Ratio (%) — —_— 2?
Slide 10: Asset Under Management and Investment Performance
| Asset Under Management and Investment Performance AuM and Total Investment Income (@ million) ™AuM m Investment Income 49,669 44,807 38,128 31,278 24,957 16,500 970 12,309 705 6,434 7,832 3,459 a 3,732 a = a = 6M23 9M23 2023 3M24 6M24 9M24 9M23 2023 3M24 6M24 9M24 AuMYield* 45% 43% 43% 41% 41% “ca
Slide 11: Sustainable Profitability
| Sustainable Profitability Financial Performance Net Profit émilli i million = Focus on sustainable profitability through effective claims and expense management with agile portfolio maneuvers 5,102 1,153 1,058 941 ; 2020 2021 2022 9M23 2023 3M24 6M24 9M24
Slide 12: Achievements in 3Q24
| Achievements in 3024 Quarterly Gains sae * First and only insurance firm in FTSE Large Cap, BIST Dividend 25 TURSG indices * BIST: 100, Dividend, Corporate Governance, Insurance, Financials + JCR Eurasia Rating, has evaluated the consolidated financial stance of “Tlirkiye Einancialiliiansparenc Si
Slide 13: Income Statement
| Income Statement Summary P% Technical Income Earned Premiums Written Premiums Gross Written Premiums Premiums Transferred to the Reinsurer Unearned Premiums Provision Invest. Inc. From Non-Technical Division Other Technical Expenses Incurred Losses Claims Paid Gross Claims Paid Reinsurer’s Share o
Slide 14: Balance Sheet & Key Ratios
| Balance Sheet & Key Ratios Appendix 06 Summary Balance Sheet (@ million) 2021 2022 2023 9M23 9M24 Yoy| Cash and Cash Equivalents 6,104 9,034 31,547 25,072 24,525 -2% Banks 5,315 6,904 27,744 22,130 20,219 -9% Receivables from Main Operations 3,377 4,536 11,330 9,119 18,445 102% Financial Assets an
Slide 15: Appendix: Premium Production
| Appendix Appendix 06 | Quarterly GWP Production (million*) Cumulative GWP Production (million) Premium Production 3023 4023 1024 2024 3024 9M23 2023 3M24 6M24 9M24 General Losses 2,395 5,673 8,276 7,046 | 3,660 -48% 53% 8,822 14,495 8,276 15,322 | 18,982) 24% 115% F&ND 3,836 3,601. 7,301 6,351 | 6
Slide 16: Appendix: Technical Profit
| Appendix Appendix 06 | Quarterly Technical Profit (million *) Cumulative Technical Profit (million®) Technical Profit 3023 4023 1024 2024 3024 9M23 2023 3M24 6M24 9M24 General Losses 189 154 725 925 387. -58% +=105% 789 943 725 1,649 2,086 = 23% +=—«158% F&ND 1,175 803 1,441 2,160 | 2,385 | 10% 10
Slide 17: Appendix: Loss, Expense and Combined Ratios
| Appendix Appendix 06 | Net Loss Ratio Net Expense Ratio Net Commission Ratio ! Net Combined Ratio | (Cumulative) (Cumulative) (Cumulative) ! (Cumulative) 9M23 2023. ««9M24 [MM 9M23. 2023S :9M24 [M 9M23° «2023S 924 | 9M23 2023. «924 General Losses 56.2% 57.2% | 51.2% | 12.2% 17.2% | 13.4% — -20.2%
Slide 18: Disclaimer
| Disclaimer This presentation is prepared by Tiirkiye Sigorta AS, based on general ideas and it is subject to change without notice. It is based on information obtained from sources that the Company believes to be reliable, but the Company does not guarantee the authenticity and completeness of inf
Slide 19: Sizin Eee Kiymetinizi billiyoruz omelanmia
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