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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q2 2022 Earnings Presentation

28 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Aug 4, 2022

  1. Slide 1: Financial Results 22Q2 Earnings Call

    Financial Results 22Q2 Earnings Call 04.08.2022 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 _____________ 13 Financial Highlights _____________ 21 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 Performance • Premium production at ₺77,6 bn (97% ytd) • Growth above CPI • Discount rate change – from 17% to 22% Motor Branches (MOD&MTPL) • MTPL policies being sold at cap prices • Surging MOD policy prices • MTPL price cap one-off increase – 25% Financial Measures • Ne

  5. Slide 5: Top 10 Non-Life Companies in the Sector

    Top 10 Non-Life Companies in the Sector Premium Premium Production Share by Companies (₺ Mn) Production Production Change 21H1 22H1 (%) Türkiye 14% Türkiye 5.414 11.246 107,7 Other Anadolu 4.802 9.051 88,5 30% Allianz 4.507 8.183 81,6 Anadolu Aksigorta 3.000 5.509 83,6 12% HDI 2.052 4.855 136,6 Top

  6. Slide 6: Highlights – Anadolu

    Highlights – Anadolu Premium growth in main branches • Ranked in top three at 15 non-life branches • MOD growth 222% vs. sector growth 204% in 22Q2 • MTPL growth 82% vs. sector growth 127% in 22Q2 Portfolio Allocation Updates • CPI linked Treasury Bonds • Increase in FX Long Position Investment port

  7. Slide 7: Highlights – Anadolu

    Highlights – Anadolu MOD - Average Premium Increase MOD - Average Vehicle Price Increase 12.000 600.000 10.000 500.000 8.000 400.000 300.000 6.000 200.000 4.000 100.000 2.000 0 0 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Dec-21 Jan-22 Feb-22 Ma

  8. Slide 8: Highlights – GPW

    Highlights – GPW Health Motor Other Anadolu 110% 79% TRY 9,1 bn 20% 55% 20% 32% +88% 21M6 22M6 21M6 22M6 21M6 22M6 Health Motor Other Sector 88% 115% 83% TRY 77,6 bn 26% 19% +97% 14% 21M6 22M6 21M6 22M6 21M6 22M6 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Re

  9. Slide 9: Premium Production

    Premium Production Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 21H1 22H1 ΔYoY (%) 21H1 22H1 ΔYoY (%) Branch GPW GPW Growth GPW GPW Growth MTPL 1.188 2.013 69,5 10.106 19.780 95,7 MOD 798 2.151 169,6 5.964 14.732 147 Fire and Nat. D. 981 1.816 85,2 6.170 10.965 77,7 Health 617 958 55,1 6.424 12.056

  10. Slide 10: Market Share & Rank (TRY mn)

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 21H1 22H1 Growth (%) 22H1 22H1 MOD 798 2.151 1 14,6% 169,6 Fire 981 1.816 1 16,6% 85,2 Watercraft 152 333 1 30,7% 119,2 Aircraft 74 106 1 40,6% 43,6 Aircraft Liability 51 79 1 44,2% 53,9 MTPL 1.188 2.013 2 10,2% 69,5 General Liability 213 302 2

  11. Slide 11: Net Profit Drivers

    Net Profit Drivers 376 197 Unconsolidated (TRY mn) (*) 363 147 Consolidated (TRY mn) (*) Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department (*) Transferred financial income is excluded 11

  12. Slide 12: Distribution Channels

    Distribution Channels Premium Production – ANSGR Premium Production – Sector 10.000 90.000 Millions 9.000 80.000 13% 8.000 13% 70.000 13% 7.000 15% 60.000 6.000 13% 50.000 14% 5.000 13% 40.000 -3 +2 16% 4.000 11% 13% 30.000 15% 3.000 14% 61% 58% 20.000 2.000 63% -2 10.000 54% 1.000 +4 TRY mn 0 TRY m

  13. Slide 13: Technical Results

    Technical Results Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 13

  14. Slide 14: Accident – GPW and Technical Earnings

    Accident – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +59,4% +48,1% +0,8 12,3 77 70,9% 71,7% 8,3 49 21Q2 22Q2 21Q2 22Q2 21Q2 22Q2 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 14

  15. Slide 15: Health – GPW and Technical Earnings

    Health – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +50,5% +78,8% +18,2 123,8% 338 417 105,6% 277 189 21Q2 22Q2 21Q2 22Q2 21Q2 22Q2 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 15

  16. Slide 16: MOD – GPW and Technical Earnings

    MOD – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +222,5% +146,1% +44,5 1248 625 138,3% 93,8% 254 387 21Q2 22Q2 21Q2 22Q2 21Q2 22Q2 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 16

  17. Slide 17: General Losses – GPW and Technical Earnings

    General Losses – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +78,8% +82,1% +16,3 338 153 111,1% 94,8% 189 84 21Q2 22Q2 21Q2 22Q2 21Q2 22Q2 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 17

  18. Slide 18: Fire & Nat. D. – GPW and Technical Earnings

    Fire & Nat. D. – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +100,5% +106,1% +13,5 1115 118,4% 235 104,8% 556 114 21Q2 22Q2 21Q2 22Q2 21Q2 22Q2 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 18

  19. Slide 19: MTPL – GPW and Technical Earnings

    MTPL – GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +82,1% +73,5% +46,3 1087 197,8% 680 151,6% 597 392 21Q2 22Q2 21Q2 22Q2 21Q2 22Q2 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 19

  20. Slide 20: Profitability – Combined Ratio

    Profitability – Combined Ratio Combined Ratio 21H1 22H1 MOD 97,9% 143,7% MTPL 126,9% 146,1% Fire 116,8% 122,6% Health 109,8% 128,6% Accident 64,4% 68,4% General Liability 416,9% -0,5% General Losses 100,3% 119,6% Total 115,9% 128,2% 128% 128% 113% 10% 12% 111% 106% 10% 10% 15% 16% 9% 13% 14% 14% 103

  21. Slide 21: Financial Highlights

    Financial Highlights Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 21

  22. Slide 22: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 13.352 20.874 10.779 16.776 12.076 7.774 23,9% 9.767 24,4% 6.212 7.904 5.184 2018 2019 2020 2021 2022H2 2018 2019 2020 2021 2022H2 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 11.272 4.002 9.297 3.204 7.324 21

  23. Slide 23: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 21Q2 22Q2 Change (%) P&L 21Q2 22Q2 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.394 2.184 57 1.394 2.184 57 Tech. Expenses -1.628 -2.890 78 -1.628 -2.890 78 Net Financial Inc. + Other Exp. (*) 409 899 120 434 935 116 Gross Profit 176 193 10 200 229 15 Tax & Defer

  24. Slide 24: Net Income (₺ mn)

    Net Income (₺ mn) +21% Technical Earnings -1.138 376 Investment income 1692 311 Dividend income 88 Amortization & Depreciation -70 Provisions -118 Rediscount -20 Other income 2 Tax -60 21Q2 22Q2 Net income 376 Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relat

  25. Slide 25: Solo & Consolidated Figures (₺ mn)

    Solo & Consolidated Figures (₺ mn) 700 30,0% 27,4% 28,6% 24,2% 590 600 23,9% 21,2% 25,0% 510 522 23,7% 500 461 18,7% 449 18,6% 20,0% 17,4% 17,4% 403 400 376 363 308 324 15,0% 300 10,0% 200 100 5,0% 0 0,0% 2018 2019 2020 2021 2022H1 Net Profit Net Profit-Consolidated ROAE ROAE-Consolidated Copyright

  26. Slide 26: Investment Portfolio

    Investment Portfolio Repo 5% Deposits 18% In 22H1; TRY 11,3 bn Stock Dividend from ANHYT 88 mn TRY 9% Investment Income 1.400 mn TRY Bonds Funds 66% Portfolio Return ~* 30,5% 2% * ANHYT dividend excluded. ‣TRY 10,5 bn at 31.03.2022 ‣TRY 9,3 bn at 31.12.2021 *Accrued yield in p&l table Copyright © 20

  27. Slide 27: 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

  28. Slide 28: Thanks

    THANKS Copyright © 2022, Anadolu Sigorta. All rights reserved. Fund Management and Investor Relations Department 28

Anadolu Anonim Türk Sigorta Şirketi — Q2 2022 Earnings Presentation on 6ix