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

Anadolu Anonim Turk Sigorta Sirketi A.s — Q1 2021 Earnings Presentation

26 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Apr 29, 2021

  1. Slide 1: Financial Results 21Q1 Earnings Call

    Financial Results 21Q1 Earnings Call Apr 29, 2021

  2. Slide 2: Company & Market Overview

    Company & Market Overview Technical Results Financial Highlights 2

  3. Slide 3: Highlights 21Q1 Sector

    Highlights 21Q1 Sector Sector Performance & Pandemic Impacts  Premium production at ₺21 bn (21% ytd)  Price competition Motor Branches (MOD&MTPL)  Supreme Court decisions  Impacts on volatile FX on claim expenses Policy Rate & CPI Levels  Treasury yields floating around 18%  Central Bank’s fur

  4. Slide 4: Top 10 Non-Life Companies in the Sector – 21Q1

    Top 10 Non-Life Companies in the Sector – 21Q1 Production Share by Companies Premium Premium Change (₺ Mn) Production Production (%) Türkiye 20Q1 21Q1 15% Other Türkiye 2.345 3.259 39,0% 29% Allianz 2.092 2.476 18,3% Allianz Anadolu 1.950 2.353 20,7% 12% Aksigorta 1.234 1.578 27,9% Axa 1.156 1.285 1

  5. Slide 5: Highlights 21Q1 Anadolu

    Highlights 21Q1 Anadolu Balanced business profile in competitive pricing environment  Ranked in top three at 10 non-life branches  Premium production at ₺2bn (21% ytd)  Strong Fire and General Losses growth in Q1 (43% and 36%) Robust growth in AUM  Proactive cash flow management  AUM reached to

  6. Slide 6: Highlights 21Q1 GPW

    Highlights 21Q1 GPW Other Health Motor 28% Anadolu 17% 25% 21% 13% TRY 2,4 bn 15% +21% 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 Health Motor Other Sector 24% 17% 31% 19% 21,4 bn 12% TRY 16% 3.916 +21% 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 6

  7. Slide 7: Premium Production 21Q1

    Premium Production 21Q1 Anadolu Sigorta (₺ Mn) Non-Life Sector (₺ Mn) 20Q1 21Q1 ΔYoY 20Q1 21Q1 ΔYoY Branch GPW GPW Growth GPW GPW Growth MTPL 520 591 13,7% 4.887 5.059 3,5% MOD 351 411 17,0% 2.376 3.088 30,0% Fire and Nat. D. 296 424 43,3% 2.489 3.187 28,1% Health 292 340 16,6% 3.301 3.916 18,6% Oth

  8. Slide 8: Market Share & Rank (TRY mn)

    Market Share & Rank (TRY mn) Rank Market Share BRANCHES 20Q1 21Q1 Growth 21Q1 21Q1 MTPL 520 591 1 11,7% 13,7% MOD 351 411 1 13,3% 17,0% Watercraft 47 55 1 26,3% 17,2% Aircraft Liability 15 22 1 49,1% 44,7% Fire 296 424 2 13,3% 43,3% Marine Transportation 39 43 2 10,2% 10,6% Aircraft 18 13 2 30,7% -2

  9. Slide 9: Highlights of 21Q1 Net Profit Drivers

    Highlights of 21Q1 Net Profit Drivers +4 +156 166 150 461 Unconsolidated (TRY mn) (*) -145 +156 119 -11 120 Consolidated (TRY mn) (*) -145 ➢ (*) Transferred financial income is excluded 9 9

  10. Slide 10: Distribution Channels 21Q1

    Distribution Channels 21Q1 Premium Production – Sector Premium Production – ANSGR +22% 2.500 +21% 20.000 Milyonlar 15% 18.000 16% -1 +3 2.000 16.000 14% 12% 17% 15% 14.000 14% 16% +1 12.000 1.500 14% 14% 16% 10.000 13% +1 8.000 1.000 -3 6.000 -1 54% 57% 55% 4.000 56% 500 2.000 - TRY mn 0 20Q1 21Q1 T

  11. Slide 11: Technical Results

    Company & Market Overview Technical Results Financial Highlights 11

  12. Slide 12: Accident | GPW and Technical Earnings

    Accident | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +26,4% -15,2% +4,7 59 6,1 57,9% 53,2% 5,2 46 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 12

  13. Slide 13: Health | GPW and Technical Earnings

    Health | GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +16,6% +12,8% +3 340 114,3% 194 111,3% 292 172 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 13

  14. Slide 14: MOD | GPW and Technical Earnings

    MOD | GPW and Technical Earnings Claims Net (mn TRY) Combined Ratio GPW (mn TRY) +36% +17% +6,9 293 102,2% 411 95,3% 351 216 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 14

  15. Slide 15: General Losses | GPW and Technical Earnings

    General Losses| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +35,6% +46,3% +11,8 273 62 109,0% 97,2% 201 43 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 15

  16. Slide 16: Fire | GPW and Technical Earnings

    Fire| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +43,3% +35,8% +25,4 424 116 129,9% 104,6% 296 86 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 16

  17. Slide 17: MTPL | GPW and Technical Earnings

    MTPL| GPW and Technical Earnings GPW (mn TRY) Claims Net (mn TRY) Combined Ratio +13,7% +31,4% +1,8 591 321 103,5% 105,3% 520 244 20Q1 21Q1 20Q1 21Q1 20Q1 21Q1 17

  18. Slide 18: Profitability Combined Ratio

    Profitability Combined Ratio Combined Ratio 20Q1 21Q1 MOD 95,3% 102,2% MTPL 103,5% 105,3% Fire 104,6% 129,9% Health 111,3% 114,3% Accident 53,2% 57,9% General Losses 97,2% 109,0% Total 104,2% 114,9% 113% 111% 106% 115% 10% 13% 10% 13% 10% 15% 14% 14% 90% 84% 82% 90% 2018 2019 2020 21Q1 Claims Ratio

  19. Slide 19: Financial Highlights

    Company & Market Overview Technical Results Financial Highlights 19

  20. Slide 20: Growth Performance

    Growth Performance Total Assets (mn TRY) (*) Tech. Reserves (mn TRY) 13.271 8.323 7.774 12.076 9,9% 6.212 9.767 7,1% 5.184 7.853 4.456 6.929 2017 2018 2019 2020 2021Q1 2017 2018 2019 2020 2021Q1 Assets Under Management (mn TRY) (*) Shareholders' Equity (mn TRY) 2.810 2.788 7.778 7.324 6,2% 2.155 0,8

  21. Slide 21: Income Statement (₺ mn)

    Income Statement (₺ mn) Change (%) 20Q1 21Q1 Change (%) P&L 20Q1 21Q1 (YoY) (Cons.) (Cons.) (YoY) Tech. Income (*) 1.156 1.342 16% 1.156 1.342 16% Tech. Expenses -1.205 -1.536 27% -1.205 -1.536 27% Net Financial Inc. + Other Exp. (*) 229 392 71% 198 347 75% Gross Profit 181 198 10% 149 153 2% Tax &

  22. Slide 22: Net Income (mn TRY)

    Net Income (mn TRY) +10% Technical Earnings -194 Investment income 166 373 150 Dividend income 72 Amortization & Depreciation -26 Provisions -32 Rediscount 5 Other income 1 Tax -33 20Q1 21Q1 Net income 166 22

  23. Slide 23: Solo & Consolidated Figures (mn TRY)

    Solo & Consolidated Figures (mn TRY) 600 30,0% 27,4% 28,6% 510 24,1% 511 500 475 25,0% 21,2% 460 449 24,2% 403 400 18,7% 20,0% 17,7% 18,6% 18,9% 324 308 300 15,0% 13,2% 201 200 184 10,0% 100 5,0% 0 0,0% 2017 2018 2019 2020 20Q1 - 21Q1 Net Profit Net Profit-Consolidated ROAE ROAE-Consolidated 23

  24. Slide 24: Investment Portfolio

    Investment Portfolio Repo 1% Deposits In 21Q1; 41% Bonds 44% Dividend from ANHYT 72 mn TRY TRY 7,78 bn Investment Income * 316 mn TRY Portfolio Return ~ 17% * ANHYT dividend excluded. Funds 10% Stock 4% ‣TRY 7,32 bn at 31.12.2020 ‣TRY 6,04 bn at 31.03.2020 24

  25. Slide 25: 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

  26. Slide 26: Q&A

    - ‘wha a a s ‘2 ANADOLU SIGORTA Never lose. Q&A

Anadolu Anonim Türk Sigorta Şirketi — Q1 2021 Earnings Presentation on 6ix