Aksigorta : 2023 First Quarter Earnings Call Presentation
May 04, 2023 at 11:23 am EDT
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Aksigorta
Q1 Earnings Call
Presentation
4 May 2023
IR Officer
Zeynep Eroktem
Contact No 00902162809761
Email Address zeynep.eroktem@aksigorta.com.tr
Aksigorta Financials (in TFRS)
What are the Risks & Opportunities?
Income Mix
Appendix
23'Q1 Scorecard
23'Q1 - Financial Indicators (m TL) (YoY %)
5.171
108%
131
152%
2.078
161%
Gross Written
Net Income
Total Equity
Premiums
23'Q1 - Operational Ratios (YoY pp)
86%
-54pp
112%
-52pp
6,1%
-1.1pp
Net Loss
Net Combined
Market Share
Ratio
Ratio
23'Q1 - Financial Income (m TL)
8.660
102%
24%
-3pp
462
62%
AuM
Avr. Annualized
Financial Income*
Yield*
(*): Includes interest income + FX gain/(loss)
2
Market GWP Development
Market GWP Distribution (%) (m TL)
22Q222Q3
22Q4
23Q1
+129%
37.223
12%
Share
38%
16.257
Portfolio
13%
25%
44%
19%
25%
24%
2Q2021
2Q2022
YoY
MTPL
MOD
Non-motor
Health
+138%
+200%
+99%
+109%
Agency
Bank
Corporate
Market
+138%
+106%
+104%
+129%
Portfolio Share
Agency
Bank
Corporate
Market
63%
13%
24%
100%
+163%
45.019
12%
38%
17.097
25%
13%
44%
19%
25%
24%
3Q2021
3Q2022
YoY
MTPL
MOD
Non-motor
Health
+176%
+248%
+114%
+143%
Agency
Bank
Corporate
Market
+177%
+132%
+128%
+163%
Portfolio Share
Agency
Bank
Corporate
Market
66%
11%
23%
100%
+166%
72.008
13%
35%
27.111
26%
13%
46%
20%
26%
21%
4Q2021
4Q2022
YoY
MTPL
MOD
Non-motor
Health
+224%
+252%
+101%
+170%
Agency
Bank
Corporate
Market
+192%
+132%
+126%
+166%
Portfolio Share
Agency
Bank
Corporate
Market
63%
14%
23%
100%
+147%
81.610
16%
40%
33.067
14%
22%
46%
20%
22%
20%
1Q2022
1Q2023
YoY
MTPL
MOD
Non-motor
Health
+174%
+177%
+115%
+171%
Agency
Bank
Corporate
Market
+166%
+145%
+108%
+147%
Portfolio Share
Agency
Bank
Corporate
Market
60%
14%
26%
100%
Note: Retro premiums from pools are excluded.
Health
Non-motor
MOD
MTPL
3
Aksigorta GWP Development
Aksigorta GWP Distribution (%) (m TL)
22Q2
22Q3
22Q4
23Q1
+114%
+108%
+97%
+110%
Portfolio Share
2.915
8%
40%
1.360
8%
27%
45%
20%
25%
27%
2Q2021
2Q2022
YoY
MTPL
MOD
Non-motor
Health
+101%
+187%
+89%
+118%
Agency
Bank
Corporate
Company
+128%
+82%
+95%
+114%
Portfolio Share
Agency
Bank
Corporate
Company
62%
9%
29%
100%
2.928
8%
40%
1.407
8%
27%
45%
20%
27%
25%
3Q2021
3Q2022
YoY
MTPL
MOD
Non-motor
Health
+30%
+225%
+96%
+138%
Agency
Bank
Corporate
Company
+104%
+50%
+142%
+108%
Portfolio Share
Agency
Bank
Corporate
Company
61%
8%
31%
100%
4.791
9%
51%
2.439
8%
45%
29%
20%
27%
11%
4Q2021
4Q2022
YoY
MTPL
MOD
Non-motor
Health
-17%
+205%
+108%
+126%
Agency
Bank
Corporate
Company
+72%
+149%
+132%
+97%
Portfolio Share
Agency
Bank
Corporate
Company
51%
13%
36%
100%
4.988
14%
43%
2.374
9%
46%
26%
22%
23%
18%
1Q2022
1Q2023
YoY
MTPL
MOD
Non-motor
Health
+65%
+147%
+93%
+223%
Agency
Bank
Corporate
Company
+103%
+150%
+108%
+110%
Portfolio Share
Agency
Bank
Corporate
Company
58%
9%
33%
100%
Note: Retro premiums from pools are excluded.
Health
Non-motor
MOD
MTPL
4
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Disclaimer
Aksigorta AS published this content on 04 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2023 15:22:05 UTC.
Aksigorta A.S. is a Turkey-based general insurance company. The Company's products include fire and property insurance, which offers home and commercial risks insurance packages; accident insurance products, such as insurance packages for motors, commercial vehicles, theft, personal accident, glass breakdown and third party liability; marine cargo insurance for local and international cargo, securities and hull; engineering insurance, covering electronic equipment and machinery breakdown; agriculture insurance for hail risks and greenhouse damage; health insurance, and life insurance products. It also offers its services online through its Aksigorta Service Centre. The Company is a subsidiary of Haci Omer Sabanci Holding A.S.
AKSIGORTA 
