Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR
Anadolu Anonim Turk Sigorta Sirketi A.s — Q1 2020 Earnings Presentation
22 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, May 4, 2020
Slide 1: Financial Results 20Q1 Earnings Call
Financial Results 20Q1 Earnings Call May 4, 2020
Slide 2: Content
Company & Market Overview 3 CONTENT Technical Results 10 Financial Highlights 15 2
Slide 3: Company & Market Overview
Company & Market Overview Technical Results Financial Highlights 3
Slide 4: Top Non-Life Companies in the Sector – 20Q1
Top 10 Non-Life Companies in the Sector – 20Q1 Production Share by Companies Premium Premium Change (₺ Mn) Production Production Allianz 20Q1 19Q1 (YoY) (%) 12% Allianz 2.092 1.724 21,3% Other Anadolu 34% 11% Anadolu 1.950 1.609 21,2% Aksigorta 1.234 1.058 16,6% Ziraat * 1.171 1.018 15,1% Aksigorta
Slide 5: Premium Production – Sector (mn. TRY)
Premium Production – Sector (mn. TRY) Change (%) BRANCHES 20Q1 19Q1 (YoY) MTPL 4.887 4.099 19,2% MOD 2.376 2.119 12,1% Health 3.301 2.657 24,2% General Losses 2.578 2.298 12,2% Fire 2.489 2.127 17,0% Accident 639 585 9,3% General Liability 538 436 23,4% Marine Transportation 318 261 22,0% Financial
Slide 6: Highlights of 20Q1 - Anadolu
Highlights of 20Q1 - Anadolu Recovering % 19Q1 FY19 20Q1 Technical Combined Results Ratio 112,7 110,8 104,2 Growing AUM (mn TRY) FY19 5.894 20Q1 6.040 Change(%) 2,5% Investment Credit Card 587 566 -3,7% Portfolio Total 6.481 6.605 1,9% 6
Slide 7: Premium Production – 20Q1
Premium Production – 20Q1 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 20Q1 19Q1 ΔYoY 20Q1 19Q1 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 520 405 28,2% 4.887 4.099 19,2% MOD 351 293 19,8% 2.376 2.119 12,1% Fire and Nat. D. 296 256 15,5% 2.489 2.127 17,0% Health 292 258 13,2% 3.301 2.657 24,2%
Slide 8: Market Share & Rank (mn. TRY)
Market Share & Rank (mn. TRY) Rank Market Share BRANCHES 20Q1 19Q1 Growth 20Q1 20Q1 MTPL 520 405 1 10,6% 28,2% MOD 351 293 1 14,8% 19,8% Fire 296 256 1 11,9% 15,5% General Liability 97 83 1 18,1% 17,6% Watercraft 47 32 1 33,0% 47,2% Aircraft 18 18 1 57,7% -1,3% Aircraft Liability 15 12 1 40,7% 25,5%
Slide 9: Distribution Channels – 20Q1
Distribution Channels – 20Q1 Premium Production – Sector Premium Production – ANSGR Other Other 7% 8% Broker 15% Broker 16% Bank Agency Bank Agency 17% 61% 14% 62% ➢ (*) TL 986.782.000 of Pool Premium is excluded from Other ➢ (*) TL 175.429.000 of Pool Premium is excluded from Other 339 MSU (direct
Slide 10: Technical Results
Company & Market Overview Technical Results Financial Highlights 10
Slide 11: Branch Technical Results (mn. TRY)
Branch Technical Results (mn. TRY) Change Change 20Q1 19Q4 19Q1 (YoY) (QoQ) GPW 46,4 51,4 32,5 42,9% -9,7% Accident Earned Pr. 38 33,2 29,8 27,4% 14,3% Claims (Net) 6,1 6,5 1,4 334,0% -5,3% Claims Ratio 16,1% 19,6% 4,7% 241,7% -18,0% Change Change 20Q1 19Q4 19Q1 (YoY) (QoQ) GPW 291,6 212,2 257,5 13,
Slide 12: Branch Technical Results (mn. TRY)
Branch Technical Results (mn. TRY) Change Change 20Q1 19Q4 19Q1 (YoY) (QoQ) GPW 351,2 438 293,2 19,8% -19,8% Land Earned Pr. 327,4 306,8 273,7 19,7% 6,7% Vehicles Claims (Net) 215,6 172,8 188,3 14,5% 24,7% Claims Ratio 65,9% 56,3% 68,8% -4,3% 16,9% Change Change 20Q1 19Q4 19Q1 (YoY) (QoQ) GPW 201,3
Slide 13: Branch Technical Results (mn. TRY)
Branch Technical Results (mn. TRY) Change Change 20Q1 19Q4 19Q1 (YoY) (QoQ) GPW 519,8 549,2 405,3 28,2% -5,4% MTPL Earned Pr. 289,4 277,3 245,2 18,0% 4,3% Claims (Net) 244,5 292,1 272,2 -10,2% -16,3% Claims Ratio 84,5% 105,3% 111,0% -23,9% -19,8% Change Change 20Q1 19Q4 19Q1 (YoY) (QoQ) GPW 296,1 34
Slide 14: Profitability – Combined Ratio
Profitability – Combined Ratio Combined Ratio FY19 20Q1 MOD 91,2% 95,3% MTPL 135,6% 103,5% Fire 101,1% 104,6% Health 113,4% 111,3% Accident 66,3% 53,2% General Liability 157,6% 155,5% General Losses 101,5% 97,2% Total 110,8% 104,2% 107% 107% 108% 113% 111% 103% 10% 10% 104% 9% 9% 9% 9% 13% 14% 12% 1
Slide 15: Financial Highlights
Company & Market Overview Technical Results Financial Highlights 15
Slide 16: Growth Performance
Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 6.588 6.212 9.767 10.064 5.184 6,1% 7.853 3,1% 4.456 6.929 3.914 5.840 4.677 2.934 2015 2016 2017 2018 2019 2020Q1 2015 2016 2017 2018 2019 2020Q1 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 5.894 6.040 2.155
Slide 17: Income Statement (₺ mn)
Income Statement (₺ mn) Change (%) Change (%) P&L 20Q1 19Q4 19Q1 (QoQ) (YoY) Tech. Income (*) 1.156 1.112 973 4% 19% Tech. Expenses -1.205 -1.211 -1.095 0% 10% Net Financial Inc. + Other Exp. (*) 229 219 278 5% -17% Gross Profit 181 120 156 51% 16% Tax & Deferred Tax -31 -24 -31 17% -3% Net Profit 1
Slide 18: Balance Sheet
Balance Sheet Change Change Assets 03.20 12.19 Liabilities 03.20 12.19 (%) (%) Cash + Marketable Sec. 6.704 6.516 2,9% Technical Provisions 6.588 6.212 6,0% Equity Participations 448 585 -23,4% Shareholders' Equity 1.963 2.155 -8,9% Other Assets 2.913 2.667 9,2% Other Liabilities 1.513 1.400 8,1% As
Slide 19: Growth Performance
Growth Performance 12.000 60,0% 28,0% 28,6% 27,4% 10.000 50,0% 10.064 9.767 8.000 40,0% 17,7% 7.904 7.032 6.000 30,0% 5.974 5.894 6.040 21,2% 22,4% 18,7% 10,5% 4.673 4.000 20,0% 4.11713,2% 3.410 2.000 7,4% 10,0% 2.155 1.963 1.639 1.646 1.223 308 403 88 184 150 0 0,0% 2016 2017 2018 2019 2020Q1 Asset
Slide 20: Investment Portfolio
Investment Portfolio Other 2% Bonds 24% In 20Q1; Dividend from ANHYT 56 mn TRY TRY 6,04 bn Investment Income * 187 mn TRY Deposits 57% Funds Portfolio Return ~ 17% 14% * ANHYT dividend excluded. Stock 3% ‣TRY 5,89 bn at 31.12.2019 ➢ (*) Repo + Forward 20
Slide 21: 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 meaning. These statements
Slide 22: Q&A
- ‘wha a a s ‘2 ANADOLU SIGORTA Never lose. Q&A
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