Anadolu Anonim Turk Sigorta Sirketi A.s. · BIST:ANSGR
Anadolu Anonim Turk Sigorta Sirketi A.s — Q2 2017 Earnings Presentation
14 slides from Anadolu Anonim Turk Sigorta Sirketi A.s's earnings presentation, Jul 28, 2017
Slide 1: Financial Results 2Q17 Conference Call
Financial Results 2Q17 Conference Call July 28, 2017
Slide 2: Contents
Contents Highlights of 2Q17 Premium production Growth performance Profitability Core indicators IBNR reserve development Financial statements Investment portfolio Q&A session
Slide 3: Highlights of 2Q17 - Sector
Highlights of 2Q17 - Sector • Changing trends & Market shares 06.2017 06.2016 GPW Share GPW Share Allianz 2.604 13,1% Allianz 2.822 15,3% Anadolu 2.333 11,8% Anadolu 2.440 13,2% • Investment yield Axa 1.421 7,2% Axa 2.000 10,9% Mapfre 1.406 7,1% Mapfre 1.432 7,8% Ak 1.118 5,6% Ak 970 5,3% Top 10 13.
Slide 4: Highlights of 2Q17 – Aspects of Pooling System
Highlights of 2Q17 – Aspects of Pooling System Includes high-risk policies; MTPL Pool Regulation Commercial vehicles (taxi,minibus, bus and trucks) + non-commercial vehicles at 1st, 2nd & 3rd segments Agency commission decreased to 8% Premium & Claims distrubition; from 10% 50% of them to be distrib
Slide 5: Highlights of 2Q17 - Anadolu
Highlights of 2Q17 - Anadolu • Strong financials; 1Q17 2Q17 1H17 Gross Profit 85,2 25,4 110,6 Net Profit 61,7 24,3 86 ROE 4,90% 1,56% 6,46% • Technical profit of MTPL branch Combined Ratio 1H16 : 124% 35 mn TRY tech. loss 1H17 : 107% 37 mn TRY tech. profit
Slide 6: Premium Production (mn TRY)
Premium Production (mn TRY) Anadolu Sigorta MOD 23% OTHER 31% MTPL Excluded 06.2016 06.2017 YoY(%) MTPL MOD 485 461 -5% 27% FIRE 360 417 16% FIRE 19% OTHER 649 835 29% TOTAL 1.494 1.713 15% 1H16 3Q16 4Q16 1Q17 2Q17 1H17 YoY(%) MOD 485 175 240 189 272 461 -5% MTPL 945 287 349 292 328 620 -34% FIRE 36
Slide 7: Growth Performance
Growth Performance Tech. Reserves (mn TRY) Total Assets (mn TRY) 10% 4.293 9% 6.527 3.914 5.974 2.934 4.888 2.282 3.773 1.851 3.253 2013 2014 2015 2016 2Q17 2013 2014 2015 2016 2Q17 Cash and Marketable Sec. (mn TRY) Shareholders' Equity (mn TRY) 9% 1.332 4.210** 3.832* 10 % 1.202 1.223 1.020 913 2.7
Slide 8: Profitability
Profitability Technical Balance (mn TRY) 1H17 1H16 MOD 35,6 49,2 MTPL 36,8 -34,9 Fire 8,4 31,6 Health -9,1 3,2 P.Accident 37,5 25 Total 106,9 91,9 Combined Ratio 1H17 1H16 MOD 100,7% 95,3% MTPL 106,9% 124,2% Fire 109,7% 84,9% Health 117% 105% P.Accident 59,3% 60,3% Total 106,2% 105,5% 8
Slide 9: Core Indicators
Core Indicators (TRY) Change Change 1H17 FY16 (1H17-FY16) FY15 (FY16-FY15) ANSGR Market Value 2,82 1,88 50% 1,55 21% Mcap 1.410mn 940mn 50% 775mn 21% Equity (Book Value) 1.332mn 1.223mn 9% 1.202mn 2% Net Profit 86mn 87,9mn -- 63,8mn 38% ROE 12,91%* 7,18% 80% 5,31% 35% P / BV 1,06 0,77 38% 0,64 20% *
Slide 10: IBNR Reserve Development
IBNR Reserve Development (mn.TRY) 111 mn TRY 50 mn TRY 719 805 659 259 633 694 222 566 644 69 120 564 460 446 437 310 2014 2015 1Q16 2Q16 3Q16 2016 1Q17 2Q17 10
Slide 11: Financial Statements (mn.TRY)
Financial Statements (mn.TRY) P&L 1Q17 2Q17 1H17 1Q16 2Q16 1H16 Change (%) (1H16-1H17) Tech. Income 864 850 1.714 708 775 1.483 16% Tech. Expenses -887 -932 -1.819 -772 -792 -1.564 16% Net Financial Inc. + Other Exp. 108 108 216 70 71 141 53% Gross Profit 85 26 111 5 55 60 83% Tax -23 -2 -25 -3 -11
Slide 12: Financial Statements (mn.TRY)
Financial Statements (mn.TRY) Assets 30.06.17 31.12.16 Liabilities 30.06.17 31.12.16 Cash + Marketable Sec. 4.383* 3.966** Payables 735* 666** Receivables 1.076 1.049 Technical Provisions 4.293 3.914 Equity Participations 474 427 Shareholders' Equity 1.332 1.223 Fixed Assets 154 158 Other Liabilitie
Slide 13: Investment Portfolio
Investment Portfolio Stocks Other 4% 1% In 1H17; Bonds Dividend from ANHYT 28 mn TRY 10% Investment Income * 247 mn TRY Average Portfolio Income 14,1% Funds * ANHYT dividend excluded. 11% TOTAL: TRY 3,82 Billion Deposits 74% TRY 3,41 bn at 31.12.2016 13
Slide 14: Thank You
ANADOLU SIGORTA JANK YOU ce.
Anadolu Anonim Türk Sigorta Şirketi — Q2 2017 Earnings Presentation on 6ix