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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q2 2023 Earnings Presentation

25 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Aug 3, 2023

  1. Slide 1: Financial Results 23Q2 Earnings Call

    Financial Results 23Q2 Earnings Call Aug 3, 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 ₺186 bn (139% ytd) • Regulator increases discount rate to 28% • Minimum wage increased by 34% Motor Branches (MOD&MTPL) • MTPL gradual cap increase discounted to 2% in 2023Q2 per month • New claim layers added (0 and 8) Financial Conditions • Centra

  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 (%) 22Q2 23Q2 Türkiye 13% Türkiye 11.246 24.402 117 Allianz 8.183 20.622 152 Other 31% Anadolu 9.051 18.243 101,6 Allianz 11% Axa 4.699 12.869 173,9 HDI 4.855 12.448 156,4 Top 5

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Core Business • MOD claims ratio maintains 54% level • Competitive pricing from small cap companies • Solid reinsurance coverage (earthquake net loss ≈ 285 mn TRY ) MTPL • MTPL growth 79% vs. sector growth 158% in 23Q2 • MTPL policies being sold at cap prices • Discount rate 22%

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

    Highlights – Branch Breakdown & Growth Rate OTHER 20% Health Motor Other 88% 110% 79% 149% ANSGR MOTOR 47% TRY 18,2 bn HEALTH 104% 13% 55% FIRE 22H1 23H1 22H1 23H1 22H1 23H1 20% Health Motor Other OTHER 22% 160% 151% 118% MOTOR SECTOR 47% 88% 115% 83% TRY 185,7 bn HEALTH 17% FIRE 22H1 23H1 22H1 23H1

  8. Slide 8: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 22H1 23H1 ΔYoY (%) 22H1 23H1 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 2.013 3.611 79,4 19.827 51.096 157,7 MOD 2.151 4.878 126,8 14.714 35.555 141,6 Fire and Nat. D. 1.816 3.672 102,2 10.965 25.779 135,1 Health 958 2.385 149,

  9. Slide 9: Market Share & Rank

    Market Share & Rank Rank Market Share Market Share Market Share BRANCHES 23H1 22H1 23H1 Change Aircraft 1 40,6% 54,3% 13,6 Aircraft Liability 1 44,2% 53,7% 9,5 MOD 2 14,6% 13,7% -0,9 Fire 2 16,6% 14,2% -2,3 Marine Transportation 2 14,5% 14,1% -0,4 Watercraft 2 30,7% 23,4% -7,4 MTPL 3 10,2% 7,1% -3,1

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

    Net Profit Drivers (₺ Mn) 2.910 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 20.000 200.000 Millions 18.000 180.000 -2 11% -2 11% 16.000 160.000 12% 16% 14.000 140.000 +1 -1 14% 120.000 13% 12.000 10.000 +1 100.000 +1 8.000 13% 80.000 13% 13% 6.000 13% 60.000 15% 63% 59% 13% +2 4.000 40.000 61% 20.0

  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 +65,9% 49,3% -2,6 128 18,4 71,7% 69,1% Accident 77 12,3 22Q2 23Q2 22Q2 23Q2 22Q2 23Q2 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +122,1% -23,4 +77,2% 926 123,8% Health 417 338 599 100,4% 22Q2 23Q2 22Q2 23Q2 22Q2 23Q2 Cop

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

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +106,1% +80,2% -60,3 1.126 138,3% 2.572 MOD 1.248 625 78,0% 22Q2 23Q2 22Q2 23Q2 22Q2 23Q2 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +56,9% +178,1% -30,6 1.706 1.891 MTPL 1.087 197,8% 680 167,2% 22Q2 23Q2 22Q2 23Q2 22Q2

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

    GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +91,9% +277% +42,5 2.140 886 160,9% Fire & Nat. D. 1.115 118,4% 235 22Q2 23Q2 22Q2 23Q2 22Q2 23Q2 GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +74,3% +53,6% -6,2 111,1% 589 235 General Losses 338 153 104,9% 22Q2 23Q2 22Q2

  16. Slide 16: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio (%) 22H1 23H1 Claims Ratio (%) 22H1 23H1 MOD 144 78 MOD 111 54 MPTL 146 193 MPTL 117 167 Fire 123 131 Fire 76 110 Health 129 107 Health 100 80 Accident 68 70 Accident 13 16 General Losses 120 98 General Losses 94 77 Total 128 121 Total 96 96 128% 129% 12

  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) 45.649 26.947 20.438 30.706 48,7% 31,8% 16.776 10.779 12.076 6.212 7.774 9.767 2019 2020 2021 2022 23H1 2019 2020 2021 2022 23H1 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 8.589 24.200 6.048 17.536 38% 42% 9

  19. Slide 19: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 22Q2 23Q2 Change (%) P&L 22Q2 23Q2 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 2.184 5.721 162 2.184 5.721 162 Tech. Expenses -2.890 -6.653 130 -2.890 -6.653 130 Net Financial Inc. + Other Exp. (*) 843 4.746 463 880 4.932 460 Gross Profit 137 3.815 2.680 174 4.000

  20. Slide 20: Net Income (₺ mn)

    Net Income (₺ mn) 674% Technical Earnings -2.074 Investment income 5.675 2.910 Dividend income 100 Amortization & Depreciation -146 Provisions & Other -175 376 Tax -470 Net income 2.910 22H1 23H1 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Departmen

  21. Slide 21: Solo & Consolidated ROAE

    Solo & Consolidated ROAE 100% 90% 80% 75,5%* 70% 60% 59,0%* 40,8% 50% 40% 28,6% 23,9% 30% 24,2% 32,3% 20% 21,2% 17,4% 10% 18,6% 0% 2019 2020 2021 2022 23H1 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 Other 1% Bonds 29% In 23H1; Deposits TRY 24,2 bn Dividend from ANHYT 100 mn TRY 56% Investment Income 5,404 bn TRY Funds 4% Portfolio Return ~* 61% * ANHYT dividend excluded. Stock 10% ‣TRY 18,6 bn at 31.03.2023 ‣TRY 17,5 bn at 31.12.2022 *Accrued annualized yield in p&l table C

  23. Slide 23: Investment Portfolio Breakdown

    Investment Portfolio Breakdown Bonds Bank Deposits CPI Linked 3-6 1-3 Bonds (TL) Month Month 19% 7% 3% Demand Deposits Corporate 3% Bonds (TL) 1% Sovereign TRY 7,9 bn Bonds (TL) TRY 15 bn 5% Up to 1 Sovereign Month Eurobonds 87% 75% Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Manage

  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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