Anadolu Anonim Türk Sigorta Sirketi (ANSGR) Investor presentation summary

Market and sector overview

• Non-life insurance dominates the market, accounting for 88% of premium production in Q3 2024, with life insurance at 12%.

• Turkey's non-life premium per person is $144, significantly lower than OECD and major developed markets.

• Top 10 non-life insurers hold 68.3% of the market, with Anadolu ranking among the leaders.

• Earthquake insurance penetration is 56.2%, health insurance at 6%, and traffic insurance at 79%.

Company performance and growth

• Fire and natural disaster premiums grew 72.5% YoY, with a combined ratio improvement to 91.5% from 134.8%.

• MTPL premium growth reached 52% in 2024M9, with claims ratio dropping to 98.6% from 137%.

• Total premium production rose 63.4% YoY, outpacing the sector's 73.6% growth.

• Assets under management increased to ₺49.8bn, with a 63% compound yield on time deposits.

Distribution and market position

• Operates through 2,962 professional agencies, 10 regional branches, and 1,050 Isbank branches.

• Holds leading market shares: 13% in MOD, 27% in watercraft, and 14% in fire insurance.

• Bancassurance premium exceeds sector average.