Aksigorta : 2023 Second Quarter Earnings Call Presentation
August 08, 2023 at 06:03 pm EDT
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Aksigorta
Q2 Earnings Call
Presentation
8 August 2023
Contact No 00902162809761
Email Address investor.relations@aksigorta.com.tr
Aksigorta Financials (in TFRS)
What are the Risks & Opportunities?
Income Mix
Appendix
23'Q2 Scorecard
23'Q2 - Financial Indicators (m TL) (YoY %)
5.945
96%
454
337%
2.556
387%
Gross Written
Net Income
Total Equity
Premiums
23'Q2 - Operational Ratios (YoY pp)
102%
-31pp
126%
-30pp
6,4%
-1.2pp
Net Loss
Net Combined
Market Share
Ratio
Ratio
23'Q2 - Financial Income (m TL)
9.411
108%
60%
+32pp
1.148
238%
AuM
Avr. Annualized
Financial Income*
Yield*
(*): Includes interest income + FX gain/(loss)
2
23'H1 Scorecard
23'H1 - Financial Indicators (m TL) (YoY %)
11.117
102%
585
231%
2.556
387%
Gross Written
Net Income
Total Equity
Premiums
23'H1 - Operational Ratios (YoY pp)
94%
-42pp
120%
-40pp
6,4%
-1.2pp
Net Loss
Net Combined
Market Share
Ratio
Ratio
23'H1 - Financial Income (m TL)
9.411
108%
41%
+9pp
1.609
158%
AuM
Avr. Annualized
Financial Income*
Yield*
(*): Includes interest income + FX gain/(loss)
2
Market GWP Development
Market GWP Distribution (%) (m TL)
22Q3
+163%
45.019
12%
38%
Share
Portfolio
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%
22Q4
+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%
23Q1
+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%
23Q2
+133%
86.599
12%
36%
37.223
12%
24%
38%
25%
28%
25%
2Q2022
2Q2023
YoY
MTPL
MOD
Non-motor
Health
+154%
+122%
+122%
+142%
Agency
Bank
Corporate
Market
+129%
+147%
+139%
+133%
Portfolio Share
Agency
Bank
Corporate
Market
61%
14%
25%
100%
Note: Retro premiums from pools are excluded.
Health
Non-motor
MOD
MTPL
3
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Disclaimer
Aksigorta AS published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 22:02:28 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.