This document provides an overview of Aksigorta, a Turkish insurance company. It discusses Aksigorta's strong financial performance in recent years, with increasing profitability as evidenced by declining combined and loss ratios between 2009-2013. The document also outlines Aksigorta's strategies to further improve profitability through initiatives focused on product mix, distribution channels, operational excellence, and customer service. Aksigorta aims to transform its business mix and distribution channels to achieve more sustainable profitability going forward.
Investor Day 2012 - Ageas's Non-Life BusinessAgeas
AG Insurance is the second largest provider of non-life insurance in Belgium with a diverse product portfolio. It has a multi-channel distribution strategy working with brokers and banks. While its motor business has seen improved profitability, its fire and workmen's compensation businesses remain challenged. The presentation provided an overview of AG Insurance's non-life business segments, strategies to improve underperforming areas, and the overall characteristics and challenges of the Belgian non-life insurance market.
Loans and discount function (Book: Money, Credit and Banking by Cristobal M P...theMAUIreturns
Banks provide various types of loans to customers. Short-term loans are usually provided against a customer's general credit standing or with collateral and are often for working capital needs. Medium and long-term loans typically require collateral. The Federal Reserve aims to stimulate the economy through lowering interest rates, buying mortgage and other assets, and committing to maintain low rates for a prolonged period. Quantitative easing can still impact the economy when rates are near zero through portfolio substitutions, altered policy expectations, and expansionary fiscal policy.
David Ulrich is a true HR Management Guru. His HR Model and his HR Roles and Responsibilities changed Human Resources as we know it.
The key HR Roles in the organization are:
HR Business Partner
Change Agent
Administration Expert
Employee Advocate
This HR Roles define the strategic framework for Human Resources Functions all around the Globe. The modern HR Management is defined using these simply defined roles to identify key tasks, goals and objectives for Human Resources in the organization.
David Ulrich defined the basic scope for Human Resources to become a strategic partner for the top executives in the company. The roles are strongly interconnected, but they deliver the real value added to the company, which is seen and valued by both management and employees.
The modern HR Department cannot exist without a well defined HR Model. The HR Model describes how responsibilities are split between HR units and employees in Human Resources. It defines how key HR tasks will be delivered and who will be accountable for the delivery.
This document provides key financial figures and performance highlights for AT&S, a leading manufacturer of printed circuit boards, for the years 2012/13 through 2015/16. Some key points:
- Revenue increased 14.4% in 2015/16 to €762.9 million, with growth primarily from the Mobile Devices & Substrates segment.
- EBITDA remained flat at €167.5 million while EBIT declined 14.6% due to higher depreciation from a new production line in China.
- ROCE declined from 12.0% to 8.2% due to investments in a new plant in Chongqing, China.
- Headcount increased 12.3% to 9
1) Ageas aims to improve the operating margin of guaranteed life products in major markets towards 85-90 basis points to increase profitability.
2) In Belgium, a focus on increasing investment income yield through shifting to more corporate bonds and loans can help offset lower yields in a low interest rate environment.
3) Gradually lowering interest rate guarantees on savings products in Belgium to match market rates allows the spread between guarantees and bond yields to widen, further boosting investment margins.
Aksigorta cc presentation_2016_december_2016Aksigorta
This document provides an earnings call presentation summarizing Aksigorta's 2016 fourth quarter and full year financial results. Some key points:
- Aksigorta achieved a profitable growth in 2016, with 17% premium increase and 9% growth excluding MTPL. Net profit was 95 million TL excluding one-off items.
- Combined ratio improved to 98% in 2016 from 101% in 2015, excluding one-offs. UW profit was 138 million TL in 2016 excluding IBNR deferral.
- For 2017, Aksigorta expects 12-14% premium growth, a 1 percentage point improvement in combined ratio to 98%, and 8-10% growth in net profit to 95 million TL.
The document provides an overview of The Capita Group Plc, a business process outsourcing and professional services company. It summarizes Capita's key financials from 2010-2012, including increasing revenue and stable margins. It also describes Capita's business segments, acquisition strategy, and revenue breakdown by geography and market. Capita aims to grow organically and through small-to-medium acquisitions that expand its capabilities and access to new clients and markets.
Investor Day 2012 - Ageas's Non-Life BusinessAgeas
AG Insurance is the second largest provider of non-life insurance in Belgium with a diverse product portfolio. It has a multi-channel distribution strategy working with brokers and banks. While its motor business has seen improved profitability, its fire and workmen's compensation businesses remain challenged. The presentation provided an overview of AG Insurance's non-life business segments, strategies to improve underperforming areas, and the overall characteristics and challenges of the Belgian non-life insurance market.
Loans and discount function (Book: Money, Credit and Banking by Cristobal M P...theMAUIreturns
Banks provide various types of loans to customers. Short-term loans are usually provided against a customer's general credit standing or with collateral and are often for working capital needs. Medium and long-term loans typically require collateral. The Federal Reserve aims to stimulate the economy through lowering interest rates, buying mortgage and other assets, and committing to maintain low rates for a prolonged period. Quantitative easing can still impact the economy when rates are near zero through portfolio substitutions, altered policy expectations, and expansionary fiscal policy.
David Ulrich is a true HR Management Guru. His HR Model and his HR Roles and Responsibilities changed Human Resources as we know it.
The key HR Roles in the organization are:
HR Business Partner
Change Agent
Administration Expert
Employee Advocate
This HR Roles define the strategic framework for Human Resources Functions all around the Globe. The modern HR Management is defined using these simply defined roles to identify key tasks, goals and objectives for Human Resources in the organization.
David Ulrich defined the basic scope for Human Resources to become a strategic partner for the top executives in the company. The roles are strongly interconnected, but they deliver the real value added to the company, which is seen and valued by both management and employees.
The modern HR Department cannot exist without a well defined HR Model. The HR Model describes how responsibilities are split between HR units and employees in Human Resources. It defines how key HR tasks will be delivered and who will be accountable for the delivery.
This document provides key financial figures and performance highlights for AT&S, a leading manufacturer of printed circuit boards, for the years 2012/13 through 2015/16. Some key points:
- Revenue increased 14.4% in 2015/16 to €762.9 million, with growth primarily from the Mobile Devices & Substrates segment.
- EBITDA remained flat at €167.5 million while EBIT declined 14.6% due to higher depreciation from a new production line in China.
- ROCE declined from 12.0% to 8.2% due to investments in a new plant in Chongqing, China.
- Headcount increased 12.3% to 9
1) Ageas aims to improve the operating margin of guaranteed life products in major markets towards 85-90 basis points to increase profitability.
2) In Belgium, a focus on increasing investment income yield through shifting to more corporate bonds and loans can help offset lower yields in a low interest rate environment.
3) Gradually lowering interest rate guarantees on savings products in Belgium to match market rates allows the spread between guarantees and bond yields to widen, further boosting investment margins.
Aksigorta cc presentation_2016_december_2016Aksigorta
This document provides an earnings call presentation summarizing Aksigorta's 2016 fourth quarter and full year financial results. Some key points:
- Aksigorta achieved a profitable growth in 2016, with 17% premium increase and 9% growth excluding MTPL. Net profit was 95 million TL excluding one-off items.
- Combined ratio improved to 98% in 2016 from 101% in 2015, excluding one-offs. UW profit was 138 million TL in 2016 excluding IBNR deferral.
- For 2017, Aksigorta expects 12-14% premium growth, a 1 percentage point improvement in combined ratio to 98%, and 8-10% growth in net profit to 95 million TL.
The document provides an overview of The Capita Group Plc, a business process outsourcing and professional services company. It summarizes Capita's key financials from 2010-2012, including increasing revenue and stable margins. It also describes Capita's business segments, acquisition strategy, and revenue breakdown by geography and market. Capita aims to grow organically and through small-to-medium acquisitions that expand its capabilities and access to new clients and markets.
The document summarizes Ageas's investments and operations in Asia over the past decade. It notes that Ageas has invested a total of EUR 1.1 billion in Asia with an average duration of 5.5 years, including major investments in companies in China, Malaysia, Thailand, Hong Kong and India. It outlines the growth of Ageas's life and non-life insurance businesses across the region in terms of inflows, profits, funds under management and embedded value. The document concludes that Ageas has established a strong growth pillar in Asia with successful partnerships and remains well positioned for future opportunities through its focus on quality business and prudent risk management.
Australian Car Insurance Market - ANALYSIS Ullash Tiwari
For my MBA and also my current consulting role I had to assess the Australian Motor Insurance market in terms of its economics, drivers, trends and competitive structure to inform my client of the market’s attractiveness to grow sales revenues and also give consideration to lessons from overseas General Insurance markets
Also I had to determine what strategic design principles would need to be applied to any new initiatives based on bank strategy, so my client's strategy, the client's Group’s brands, and awareness of customer needs
This powerpoint slides also assess what issues may exist in my Client's current Motor Insurance operating model and customer value proposition that may need to be addressed for new initiatives to succeed
Asia Pacific E-Bike Market PPT: Demand, Trends and Business Opportunities 202...IMARC Group
Looking forward, the asia pacific e-bike market value is projected to reach a strong growth during the forecast period (2022-2027).
More info:- https://www.imarcgroup.com/asia-pacific-e-bike-market
This document provides an agenda and background information for Ooredoo Group's Capital Markets Day presentation on Algeria. The agenda includes welcome remarks, strategy and finance updates, and presentations on Ooredoo Algeria and Qatar. Background slides provide an overview of Algeria's population trends, history of the Algerian mobile market since 1999, Ooredoo Algeria's financial and operational performance, including gains in data market share following its 3G launch, and Ooredoo Algeria's strategic focus on customer experience, growth, and strengthening foundations.
The document is Adaro Energy's 2013 annual report which provides an overview of the company's business and financial performance for the year. Adaro Energy is an Indonesian coal mining company focused on mining sub-bituminous coal through its subsidiaries. It operates coal mines in South Kalimantan and is developing new mines in other regions of Indonesia. The company is vertically integrated along the coal supply chain from mining to marketing. In 2013, Adaro produced 52.3 million tonnes of coal and generated $822 million in EBITDA, while continuing to invest in future growth projects.
Daimler AG is a leading German automotive manufacturer with a focus on premium vehicles. It has a diverse portfolio of brands including Mercedes-Benz cars, Daimler trucks, and Mercedes-Benz vans. The company has a global presence with manufacturing and sales worldwide. Daimler has experienced strong financial growth in recent years as revenues and profits have increased substantially. It is assessing an acquisition of Audi AG to gain access to new automotive technologies and accelerate its strategic objectives.
Metka is a leading contractor of power plants in the MENA region. It has a strong backlog of €1.1 billion providing visibility until 2015. Over 90% of the backlog is located in growing markets like Algeria, Iraq, and Jordan with energy demand increasing over 50% in the past decade. The analyst maintains an Overweight rating and €13.30 price target, expecting 39% upside, citing the company's consolidation phase with stable earnings and dividends over 2013-2015. Risks are to the upside from further contract wins to fuel growth in the region.
ASSA ABLOY's Corporate Presentation 2014 is designed to give an overview of the Group's business in the year 2013. Part 1 presents Facts and Figures. The complete presentation comprises two more parts: Customer Cases and Sustainability, These will be added to SlideShare when finalized.
This document provides an overview of Sampo Group's structure and strategy. It discusses the business areas and financial performance of Sampo Group's main subsidiaries and associated companies, including If P&C, Topdanmark, Mandatum Life, and Nordea. Key figures on profits, solvency ratios, investment returns and dividends are presented for the group and its individual entities. An history of Sampo Group's acquisitions and strategic developments over time is also included.
Introduction to NoviCor Technology Partners and Turkish R&D grantsDoruk Mutlu
This presentation outlines the services provided by NoviCor and gives a brief overview of grants available to companies performing R&D in Turkey.
The grants covered in the presentation are mainly TUBITAK/TEYDEB grants.
This document provides an overview of Capgemini, a global consulting, technology, and outsourcing firm. It discusses Capgemini's mission, vision, financial results, global presence, integrated services across consulting, technology, and outsourcing. It also describes Capgemini's delivery model, global delivery centers, strategic partnerships, areas of recognition, and commitment to corporate responsibility.
The document provides an overview of the Turkish insurance market as of 2016. It notes that there are 62 insurance companies operating in Turkey, with foreign players owning 72% of the market. The insurance sector employs over 19,000 people directly and over 75,000 indirectly. Total assets of the sector have grown steadily from 2010 to 2016. Overall premium production has increased 80% since 2011. The outlook for the sector remains positive due to Turkey's growing economy and demographic trends, though mandatory traffic insurance (MTPL) has been unprofitable in recent years due to high loss ratios.
The document provides financial results for Aksigorta's first quarter of 2016 compared to the same period in 2015. Some key points:
- Excluding the mandatory traffic insurance (MTPL) product, gross written premiums grew 10% and net profit was stable at 23 million TL.
- The combined ratio excluding MTPL improved slightly to 95% from 97% due to a 2 percentage point decrease.
- Regulatory changes are expected to decrease MTPL prices while standardized pricing may be introduced. The Competition Board is investigating insurers for alleged anti-competitive practices regarding MTPL.
- For 2016, Aksigorta forecasts around 15% gross premium growth and a 1-2 percentage point combined ratio improvement excluding MTPL
fundamental analysis and valuation of public sector power companiesNitin Jaggi
This document provides an overview and valuation of two major Indian public sector power companies: NTPC and NHPC. It first discusses Trustline Securities Ltd, the company conducting the analysis. It then provides background on India's power sector and an overview of NTPC, including its financials and valuation using DCF. For NHPC, it discusses the company overview and indicators but does not provide a valuation. The document aims to analyze and value these two major power companies in India.
Khimpharm JSC is a pharmaceutical company located in Kazakhstan that has been operating since 1993. It has a large production base and portfolio of over 200 generic and branded medicines. Khimpharm aims to use advanced technologies and qualified specialists to produce high-quality, effective drugs at affordable prices in order to improve public health. It has historically been one of the largest drug producers in Kazakhstan and exports products to countries in Central Asia and Eastern Europe.
- AT&S finished the 2011/12 financial year with record sales of around EUR 514m, about 5% higher than the previous year. EBITDA increased to over EUR 103m, however EBIT and net income declined slightly.
- External factors such as the earthquake in Japan and European financial crisis impacted demand in the first half of the year but the business stabilized in the second half.
- Innovation and technological leadership remain strategic focuses as AT&S anticipates future market needs. Several new partnerships and technologies were developed over the year.
- The outlook for the printed circuit board industry is positive and AT&S sees opportunities to expand in mobile devices, automotive, and recovering industrial segments. Maint
Global fleet-conference presentation-v2İLKAY ERSOY
The document provides an overview of operational leasing in Turkey. It notes that the operational leasing market in Turkey is highly competitive with stable growth. It then discusses that Turkey has a large and promising economy, being the 16th largest in the world by GDP. The automotive industry in Turkey is also outlined, with car sales increasing annually and Turkey being a top producer of passenger vehicles. Finally, the document summarizes the operational leasing industry in Turkey, which has over 200,000 vehicles and is expected to grow substantially in coming years, demonstrating Turkey is an important market for operational leasing.
This document provides an overview and financial highlights of Phol Dhanya Public Company Limited for the first half of 2013. In 3 sentences: The company saw a 5.06% increase in gross profit for 1H2013 compared to the same period last year, while revenue declined slightly by 0.74%. Revenue from occupational safety, health, and environment products made up 80% of total sales. The company also invested in a subsidiary in Cambodia called Pholdhanya Cambodia Company Limited to sell water treatment equipment and systems.
This document provides an earnings presentation for Aksigorta's 2018 first quarter results. Some key points:
- Premiums grew 17% in the overall market and 51% for Aksigorta, driven by growth in motor insurance.
- Aksigorta achieved a 94% combined ratio, 51 million TL in net profit (104% growth), and 61 million TL in underwriting profit (86% growth).
- The investment portfolio increased 6% to 1.574 billion TL, with an average yield of 15.5%.
- Guidance for 2018 forecasts 25-30% premium growth and 45-50% net profit growth for Aksigorta.
This document contains financial results and market analysis for a Turkish insurance company. It shows that the company outperformed the overall market in the first half of 2017, with growth 8 percentage points higher than the market overall and in non-motor insurance. Key drivers were strong performance in non-motor products like fire and health insurance, and growth in bank and corporate sales channels. The company expects to meet or exceed guidance for the full year.
More Related Content
Similar to Aksigorta Investor Presentation - Delivering Value in a Competitive Environment
The document summarizes Ageas's investments and operations in Asia over the past decade. It notes that Ageas has invested a total of EUR 1.1 billion in Asia with an average duration of 5.5 years, including major investments in companies in China, Malaysia, Thailand, Hong Kong and India. It outlines the growth of Ageas's life and non-life insurance businesses across the region in terms of inflows, profits, funds under management and embedded value. The document concludes that Ageas has established a strong growth pillar in Asia with successful partnerships and remains well positioned for future opportunities through its focus on quality business and prudent risk management.
Australian Car Insurance Market - ANALYSIS Ullash Tiwari
For my MBA and also my current consulting role I had to assess the Australian Motor Insurance market in terms of its economics, drivers, trends and competitive structure to inform my client of the market’s attractiveness to grow sales revenues and also give consideration to lessons from overseas General Insurance markets
Also I had to determine what strategic design principles would need to be applied to any new initiatives based on bank strategy, so my client's strategy, the client's Group’s brands, and awareness of customer needs
This powerpoint slides also assess what issues may exist in my Client's current Motor Insurance operating model and customer value proposition that may need to be addressed for new initiatives to succeed
Asia Pacific E-Bike Market PPT: Demand, Trends and Business Opportunities 202...IMARC Group
Looking forward, the asia pacific e-bike market value is projected to reach a strong growth during the forecast period (2022-2027).
More info:- https://www.imarcgroup.com/asia-pacific-e-bike-market
This document provides an agenda and background information for Ooredoo Group's Capital Markets Day presentation on Algeria. The agenda includes welcome remarks, strategy and finance updates, and presentations on Ooredoo Algeria and Qatar. Background slides provide an overview of Algeria's population trends, history of the Algerian mobile market since 1999, Ooredoo Algeria's financial and operational performance, including gains in data market share following its 3G launch, and Ooredoo Algeria's strategic focus on customer experience, growth, and strengthening foundations.
The document is Adaro Energy's 2013 annual report which provides an overview of the company's business and financial performance for the year. Adaro Energy is an Indonesian coal mining company focused on mining sub-bituminous coal through its subsidiaries. It operates coal mines in South Kalimantan and is developing new mines in other regions of Indonesia. The company is vertically integrated along the coal supply chain from mining to marketing. In 2013, Adaro produced 52.3 million tonnes of coal and generated $822 million in EBITDA, while continuing to invest in future growth projects.
Daimler AG is a leading German automotive manufacturer with a focus on premium vehicles. It has a diverse portfolio of brands including Mercedes-Benz cars, Daimler trucks, and Mercedes-Benz vans. The company has a global presence with manufacturing and sales worldwide. Daimler has experienced strong financial growth in recent years as revenues and profits have increased substantially. It is assessing an acquisition of Audi AG to gain access to new automotive technologies and accelerate its strategic objectives.
Metka is a leading contractor of power plants in the MENA region. It has a strong backlog of €1.1 billion providing visibility until 2015. Over 90% of the backlog is located in growing markets like Algeria, Iraq, and Jordan with energy demand increasing over 50% in the past decade. The analyst maintains an Overweight rating and €13.30 price target, expecting 39% upside, citing the company's consolidation phase with stable earnings and dividends over 2013-2015. Risks are to the upside from further contract wins to fuel growth in the region.
ASSA ABLOY's Corporate Presentation 2014 is designed to give an overview of the Group's business in the year 2013. Part 1 presents Facts and Figures. The complete presentation comprises two more parts: Customer Cases and Sustainability, These will be added to SlideShare when finalized.
This document provides an overview of Sampo Group's structure and strategy. It discusses the business areas and financial performance of Sampo Group's main subsidiaries and associated companies, including If P&C, Topdanmark, Mandatum Life, and Nordea. Key figures on profits, solvency ratios, investment returns and dividends are presented for the group and its individual entities. An history of Sampo Group's acquisitions and strategic developments over time is also included.
Introduction to NoviCor Technology Partners and Turkish R&D grantsDoruk Mutlu
This presentation outlines the services provided by NoviCor and gives a brief overview of grants available to companies performing R&D in Turkey.
The grants covered in the presentation are mainly TUBITAK/TEYDEB grants.
This document provides an overview of Capgemini, a global consulting, technology, and outsourcing firm. It discusses Capgemini's mission, vision, financial results, global presence, integrated services across consulting, technology, and outsourcing. It also describes Capgemini's delivery model, global delivery centers, strategic partnerships, areas of recognition, and commitment to corporate responsibility.
The document provides an overview of the Turkish insurance market as of 2016. It notes that there are 62 insurance companies operating in Turkey, with foreign players owning 72% of the market. The insurance sector employs over 19,000 people directly and over 75,000 indirectly. Total assets of the sector have grown steadily from 2010 to 2016. Overall premium production has increased 80% since 2011. The outlook for the sector remains positive due to Turkey's growing economy and demographic trends, though mandatory traffic insurance (MTPL) has been unprofitable in recent years due to high loss ratios.
The document provides financial results for Aksigorta's first quarter of 2016 compared to the same period in 2015. Some key points:
- Excluding the mandatory traffic insurance (MTPL) product, gross written premiums grew 10% and net profit was stable at 23 million TL.
- The combined ratio excluding MTPL improved slightly to 95% from 97% due to a 2 percentage point decrease.
- Regulatory changes are expected to decrease MTPL prices while standardized pricing may be introduced. The Competition Board is investigating insurers for alleged anti-competitive practices regarding MTPL.
- For 2016, Aksigorta forecasts around 15% gross premium growth and a 1-2 percentage point combined ratio improvement excluding MTPL
fundamental analysis and valuation of public sector power companiesNitin Jaggi
This document provides an overview and valuation of two major Indian public sector power companies: NTPC and NHPC. It first discusses Trustline Securities Ltd, the company conducting the analysis. It then provides background on India's power sector and an overview of NTPC, including its financials and valuation using DCF. For NHPC, it discusses the company overview and indicators but does not provide a valuation. The document aims to analyze and value these two major power companies in India.
Khimpharm JSC is a pharmaceutical company located in Kazakhstan that has been operating since 1993. It has a large production base and portfolio of over 200 generic and branded medicines. Khimpharm aims to use advanced technologies and qualified specialists to produce high-quality, effective drugs at affordable prices in order to improve public health. It has historically been one of the largest drug producers in Kazakhstan and exports products to countries in Central Asia and Eastern Europe.
- AT&S finished the 2011/12 financial year with record sales of around EUR 514m, about 5% higher than the previous year. EBITDA increased to over EUR 103m, however EBIT and net income declined slightly.
- External factors such as the earthquake in Japan and European financial crisis impacted demand in the first half of the year but the business stabilized in the second half.
- Innovation and technological leadership remain strategic focuses as AT&S anticipates future market needs. Several new partnerships and technologies were developed over the year.
- The outlook for the printed circuit board industry is positive and AT&S sees opportunities to expand in mobile devices, automotive, and recovering industrial segments. Maint
Global fleet-conference presentation-v2İLKAY ERSOY
The document provides an overview of operational leasing in Turkey. It notes that the operational leasing market in Turkey is highly competitive with stable growth. It then discusses that Turkey has a large and promising economy, being the 16th largest in the world by GDP. The automotive industry in Turkey is also outlined, with car sales increasing annually and Turkey being a top producer of passenger vehicles. Finally, the document summarizes the operational leasing industry in Turkey, which has over 200,000 vehicles and is expected to grow substantially in coming years, demonstrating Turkey is an important market for operational leasing.
This document provides an overview and financial highlights of Phol Dhanya Public Company Limited for the first half of 2013. In 3 sentences: The company saw a 5.06% increase in gross profit for 1H2013 compared to the same period last year, while revenue declined slightly by 0.74%. Revenue from occupational safety, health, and environment products made up 80% of total sales. The company also invested in a subsidiary in Cambodia called Pholdhanya Cambodia Company Limited to sell water treatment equipment and systems.
Similar to Aksigorta Investor Presentation - Delivering Value in a Competitive Environment (20)
This document provides an earnings presentation for Aksigorta's 2018 first quarter results. Some key points:
- Premiums grew 17% in the overall market and 51% for Aksigorta, driven by growth in motor insurance.
- Aksigorta achieved a 94% combined ratio, 51 million TL in net profit (104% growth), and 61 million TL in underwriting profit (86% growth).
- The investment portfolio increased 6% to 1.574 billion TL, with an average yield of 15.5%.
- Guidance for 2018 forecasts 25-30% premium growth and 45-50% net profit growth for Aksigorta.
This document contains financial results and market analysis for a Turkish insurance company. It shows that the company outperformed the overall market in the first half of 2017, with growth 8 percentage points higher than the market overall and in non-motor insurance. Key drivers were strong performance in non-motor products like fire and health insurance, and growth in bank and corporate sales channels. The company expects to meet or exceed guidance for the full year.
- Aksigorta's financial results for the third quarter of 2016 are in line with its strategic plan excluding motor third party liability (MTPL) and agriculture products. Premium production grew 11% excluding these lines, compared to 9% market growth.
- The combined ratio was 97% excluding MTPL claims and terrorism claims, consistent with 2015. Net profit increased 7% excluding these lines.
- Guidance for 2016 forecasts 10-11% premium growth excluding MTPL, a 1-2 point improvement in combined ratio, and similar net profit to 2015, all excluding MTPL.
- The document presents financial results for Aksigorta for Q3 2016 and year-to-date 2016, excluding results from mandatory traffic insurance (MTPL) and agriculture products.
- Key metrics like premium production, combined ratio, and net profit improved compared to the same period in 2015 when excluding MTPL and agriculture. The portfolio mix has also been rebalanced with a reduced focus on motor insurance.
- Guidance for full-year 2016 forecasts premium growth of 10-11% and a 1-2 percentage point improvement in combined ratio compared to 2015, excluding MTPL. Net profit is expected to be similar to 2015 levels.
This document summarizes the financial results of Aksigorta for the second quarter of 2016. Excluding the MTPL product line, Aksigorta saw 13% growth in gross premiums written, a 3 percentage point improvement in combined ratio to 94%, and a 13% increase in net profit compared to the same period last year. Key metrics such as combined ratio, underwriting margin and net profit excluding MTPL continued to improve according to the strategic plan. The presentation provides details on financial results, balance sheet information, investment portfolio allocation and full year 2016 guidance.
Aksigorta's financial results for Q3 2015 were in line with its strategic plan. Excluding one-time claims and its mandatory traffic insurance (MTPL) business, gross written premiums declined 1% year-over-year for Q3 and year-to-date, while the combined ratio was around 98-99% and net profit was 70 million TL. For Q4 2015, excluding MTPL, the company expects gross written premiums to grow 8-10% year-over-year and the combined ratio to be around 92-93%, resulting in a 10-20% increase in net profit.
Aksigorta - June 2015 - Conference Call PresentationAksigorta
This document provides an earnings call presentation for Aksigorta for the 2015 Q2 financial results. Some key points:
- Gross written premiums decreased 6% year-over-year excluding MTPL business and one-off claims.
- The combined ratio was 98% excluding MTPL and one-off claims, an improvement of 1 percentage point.
- Net profit was 45 million TL excluding MTPL and one-off claims, up 36% from the prior year.
- The non-motor business portfolio share increased to 55% of total premiums, up 9 percentage points.
- Guidance for the second half of 2015 forecasts a combined ratio of 94-95% and net profit of 60-65
The document summarizes Aksigorta's financial results for the first quarter of 2015. Key points include:
- Net loss of TL 140 million for Q1 2015 due to a TL 183 million adjustment to increase motor third-party liability (MTPL) claim provisions.
- Excluding MTPL, Q1 2015 net profit was TL 24 million and combined ratio was 97%.
- New regulations effective in 2015 required insurers to book incurred but not reported (IBNR) claims, significantly impacting MTPL provisions.
- Guidance for 2015 forecasts 9-12% gross written premium growth excluding MTPL, a 1-2 percentage point improvement in combined ratio also excluding MTPL, and over 50% growth
Aksigorta Kasko Poliçesi sahibi müşterilerimizin kullanabileceği Mini Onarım hizmetinin detaylarına bu linkten ulaşaiblirsiniz! Mini Onarım hizmeti ile küçük çizikler, göçükler, boya tamiri, iç döşeme, cam ve plastik hasarları hasarsızlık indirimini bozmadan onarılır.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
2. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Why Invest in Aksigorta
2
Great Potential in TR NL
Insurance Market1
Turkey increased insurance penetration to
1,3% in 2013 from 1,1% in 2012 while
peer economies have 2-3
Turkey has 17th largest economy in the
world, while TR NL insurance market is
24th in ranking
7% 8% 9%
3%
5%
2009 2011 2013 Akbank MS Benchmark MS
107% 104%
99% 97% 94%
83%
78%
72% 69% 66%
5%
6%
9%
12%
*17%
0%
5%
10%
15%
20%
60%
90%
120%
2009 2010 2011 2012 2013
Combined Ratio Loss Ratio ROE
499 667 817
5,8%
6,7%
7,4%
200
1.200
2011 2012 2013
Market Cap (M TL) Dividend Yield
Great Potential in
Akbank 2
Increasing
Profitability3 Dividend
Yield 4
* Excluding one offs
3. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
3
Background information
Investment Proposition and Story
Latest Financial Results with 2014 Guidance
4. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
4
Underpenetrated Market in Turkey
0
1
2
3
4
5
0 20.000 40.000 60.000 80.000
Non Life GWP
/ GDP (%)
(2013)
GDP / Capita ($) (2013)
S.Arabia
Turkey
Spain
ItalyPortugal
Russia
Brazil
Hungary
Romania
Switzerland
China
Greece
Indonesia
Source: Sigma No3/2014 World Insurance in 2013
Belgium
UK
Japan
South Africa
Czech Republic
USA
CanadaGermany
Austria
Korea
Slovenia
France
Australia
Croatia
India
Mexico
8,5
10,0 10,5 10,7 10,9 11,5 12,1
13,1
14,2
15,3
2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E
GDP per Capita (X1000 $)
Source: World Economic Outlook Database, April 2014 web site www.imf.org
CAGR
(09-18) 8%
25%
15% 15% 16% 15% 20% 15%
68%
72% 71% 68% 69% 62% 67%
8% 13% 14% 16% 17% 18% 19%
Turkey Russia Poland Romania Hungary Austria Greece
Younger population in Turkey
Age 0-14 Age 15-64 Age 65+
Source: Turkish Statistical Institute web site www.tuik.gov.tr
Argentina
Denmark
Finland
Ireland
Sweden
Slovakia
5. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
5
Persistent market positions started to change after 2010
6,3 8,0 9,3 9,8 10,1 11,5 14,0 16,7 20,3 21,2
12,0% 11,8%
12,2%
12,6% 12,7%
13,2%
14,2% 14,3% 15,6% 14,6%
13,0% 13,2%
12,9%
11,8%
12,4% 12,3%
13,7% 13,4% 13,5%
14,2%
10,0%
9,7% 9,3% 9,2% 9,2%
8,6%
8,1%8,1% 8,3%
8,6%
8,4% 8,5%
7,7% 8,1%
7,9% 7,5%
8,1%
4,7% 4,5% 4,5%
4,9%
5,4% 5,4% 5,1%
4,1%
3,9%
3,5%
7,4% 7,3%
6,8%
6,4%
6,0%
6,6%
6,9%
3,3% 3,3% 3,5% 3,5% 3,6%
3,6%
4,0%
5,3%
6,7%
6,7%
16,0%
15,8%
14,9%
6
8
10
12
14
16
18
20
22
1%
7%
12%
18%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014H1
Market GWP (billion TL) Axa Anadolu
Allianz Aksigorta Eureko
Yapı Kredi Mapfre Allianz & YK
AXA is a motor line and agency channel player;
they have market shares 27% in MTPL and 15% in
MOD LoBs, 19% in Agency channel
ANADOLU, there is no clear sign of a solid strategy
after the change in the management of the
company.
AKSİGORTA has sustainable profitability focus,
balanced business and channel mix
ALLIANZ + YKS has market share 43% in Health and
started to be aggressive in Motor business since
2012.
EUREKO started to loose market share after 2011
due to the some regulation breaches.
MAPFRE started to grow very aggressive after
2011, they have the highest growth rates in MTPL
and Health among top 10 in 2013.
Source: Ass. of the Insurance Companies of Turkey www.tsb.org.tr
6. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
6
Aksigorta is an outperformer in profitability
16%
14%
10%
8%
7%
6%
5%
5%
4%
3%
Axa
Anadolu
Allianz
Aksigorta
Mapfre
Yapı Kredi
Güneş
Groupama
Eureko
Ziraat
As of 13’YE GWP MarketShare
3.168
2.750
1.942
1.526
1.077
976
789
1.353
568
1.257
70%
75%
67%
66%
80%
81%
87%
82%
64%
45%
93%
101%
95%
94%
102%
106%
111%
108%
94%
69%
Loss Ratio Commission Ratio Expense Ratio
Combined
Ratio
100% level
212
67
113
160
78
88
-54
39
50
55
Net Profit (exc. dividend)
Source: Ass. of the Insurance Companies of Turkey www.tsb.org.tr
7. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
About Aksigorta
We revised our corporate outlook
7
• To make insurance EASY, LEAN and ACCESSIBLE for everyone.Our Vision
• We create a unique insurance experience for our customers to
support the continuity and ease of life while creating value for
all stakeholders.
Our Mission
• Respectful
• Solution Driven
• Success Driven
• People Focused
Our Values
8. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Strong Shareholder Structure
8
Origin: Turkey
Business Segments: Finance, energy,
cement, retail, industry
Operates in: Europe, Middle East, Asia,
North Africa, North and South America
Partnerships with: Ageas, Aviva,
Bridgestone, Carrefour, Citi, E.ON,
Heidelberg Cement, Philip Morris
2013 financial highlights;
Consolidated revenue: EUR 8.2 billion
Operating profit: EUR 1.7 billion
Net profit: EUR 589 million
Total equity: EUR 10.902 million
About Sabancı About Ageas
Origin: Belgium
Business segments: Finance
Operates in: Belgium, United Kingdom,
Continental Europe and Asia.
Partnerships in: Belgium, UK, Luxembourg,
Italy, Portugal, Turkey, China, Malaysia, India,
Thailand, France, and Hong Kong
2013 financial highlights;
Gross inflows : EUR 23 billion.
Group net profit: EUR 570 million
Insurance net profit: EUR 654 million
Total equity: EUR 9.422 million
Ageas has been in Turkish Non-Life market since 2011 July as main shareholder of Aksigorta with Hacı Ömer Sabancı Holding.
9. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Country Wide Distribution in Aksigorta
Aksigorta has country-wide distribution with its channels and regional offices
9
Agencies
16 Regional
Offices
64 Sales
Representative
2.096 Agencies
Bank
3 Regional Offices
60 Sales
Representative
993 Bank
Branches
Corporate Sales
28 Sales
Representative
100 Brokers &
Direct Customers
Aksigorta focuses on having close relationship with agencies through increasing the number of regional offices to 16 from 9.
10. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
10
Background information
Investment Proposition and Story
Latest Financial Results with 2014 Guidance
11. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
5% 6% 9% 12% *17%
2009 2010 2011 2012 2013
ROE
107%
104%
99%
97%
94%
83%
78%
72%
69%
66%
Combined Ratio
Loss Ratio
13
2
32
49
*76
20
34
75
102
153
Net Profit (excluding one-offs)
UW Result
Technical margin and bottom line profitability is increasing
11
*Gain on HQ Building Sale and Merter BV impairment loss are excluded in 2013 results.
12. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Downward trends in loss ratios
12
104%
93%
84%
74% 75%
2009 2010 2011 2012 2013
Health – Loss Ratio
87%
86%
81%
80%
70%
2009 2010 2011 2012 2013
Motor – Loss Ratio
44%
33%
37%
33%
48%
2009 2010 2011 2012 2013
Non-Motor – Loss Ratio
13. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Strategies defined to create the “Future Aksigorta”
13
Product
Service
Excellence
Aksigorta
Transformation
Program
“Sustainable
Profitability”
Operational
Excellence
Channel
14. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Transform the business mix into a “profitable mix”
14
Right size
“Motor”
Underwriting and Segmentation
Project
Develop pricing mechanism based on
predictive modeling, improved risk
based pricing by segmentation
Grow in
Non-motor:
“Fire & Health”
Health Insurance Business Development Project
Program aims to support business development in
Health at Aksigorta by three pillars; creating health
focus in organization, growing to more efficient
scale and focusing on sources of profitability directly
50%
36%
14%
2009
Motor
Non-motor
Health
47%
41%
12%
2013
~40%
~45%
~15%
2017
Product
Service
Excellence
Aksigorta
Transformation
Program
“Sustainable
Profitability”
Operational
Excellence
Channel
15. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Revised channel-mix for profitable growth
15
Right size “Agencies”
Agency Channel Profit and Effectiveness
Optimization Project
Studies on agency format (auto dealer),
optimization of geographic footprint,
product mix, agency incentivization and
agency network management
Increase weight of
“Bancassurance”
Bancassurance Target Operating Model
Transformation Program
Projects on multi-channel sales and servicing,
product management, operations effectiveness,
customer relationship management, governance
structure
65%
13%
22%
2009
Agencies
Bank
Other
63%
17%
20%
2013
~60%
~25%
~15%
2017
Product
Service
Excellence
Aksigorta
Transformation
Program
“Sustainable
Profitability”
Operational
Excellence
Channel
16. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Operational Excellence Strategy
16
Increased claims effectiveness &
efficiency
• Fraud and leakage management
• Network management
• Leaner claims processing
HR improvements IT transformation
Claims Transformation Program
5 strategic initiatives
improved front office capabilities,
claims handling operations effectiveness,
network and partnership management,
fraud management and
post claims services
IT InfrastructureData Analytics and CRM
Enterprise Performance
Management
Better reporting functions to drive
intelligence from data and decision
from intelligence
Product
Service
Excellence
Aksigorta
Transformation
Program
“Sustainable
Profitability”
Operational
Excellence
Channel
17. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Service Excellence Strategy
17
•Customer Experience
Management
Customer based service model,
loyalty programs, targeted
sales etc.
•Digital Aksigorta
Developing digital sales and
communication platforms for
all stakeholders including
websites, social media etc.
•Establishment of “innovation”
culture in Aksigorta
•Brand Management
From commodity to brand
Customer focus
Innovation
culture
Differentiation
with high service
level
Customer
retention
(renewal)
Product
Service
Excellence
Aksigorta
Transformation
Program
“Sustainable
Profitability”
Operational
Excellence
Channel
18. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
18
Background information
Investment Proposition and Story
Latest Financial Results with 2014 Guidance
19. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Technical margin and bottom line profitability is increasing
19
1.311
1.526
12'YE 13'YE
Excluding MTPL business
Aksigorta growth is %17 ≈ market
growth
26% GWP growth in bank channel
16%Premium
Production
(M TL)
Combined Ratio 3 pp
97
94
12'YE 13'YE
Combined Ratio
84 MTL is net PL impact of
- Gain on Sale of Building
- Merter BV Impairment
76 MTL is net profit, excluding
one-offs
49
76
160
12'YE 13'YE
Net Income/Loss
(M TL)
56%
20. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Portfolio share increases in Non-Motor and Bank
20
06% 06%
11% 11%
14% 14%
69% 69%
MARKET
Agency
Bank
Brokers
Direct Sales
Market almost stable
11% 11%
11% 10%
16% 17%
62% 62%
2012 December 2013 December
AKSİGORTA
Agencies
Banks
Brokers
Direct Sales
Aksigorta Bank 1pp
12% 11%
37% 38%
51% 51%
MARKET
Motor
Non-Motor
Health
Market in non-motor 1pp
13% 12%
38% 41%
49% 47%
2012 December 2013 December
AKSİGORTA
Motor
Non-Motor
Health
Aksigorta in non-motor 3pp
CHANNEL SHARES (%) LOB SHARES (%)
21. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
75
102
153
UW Result
9% 12% *17%
11'YE 12'YE 13'YE
ROE
99%
97%
94%
72%
69%
66%
Combined Ratio
Loss Ratio
Technical margin continues to improve
21
*Gain on HQ Building Sale and Merter BV impairment loss are excluded in 2013 results.
22. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Increase in technical profit by the decrease in loss ratio
22
Income Statement (TRL Million) 10’YE 11’YE 12’YE 13’YE
Gross Written Premiums 886 1.137 1.311 1.526
Net Written Premiums 619 838 930 1.082
Net Earned Premiums 590 750 891 1.007
Claims (net) -462 -544 -623 -663
Commissions (net) -95 -131 -166 -191
G&A Expenses -66 -73 -97 -115
Technical Profit -33 3 16 38
Net Financial Income 36 37 55 *60
Profit (Loss) Before Tax 4 40 60 181
Tax -2 -8 -12 -21
Net Profit 2 32 49 160
Combined Ratio 104% 99% 97% 94%
Loss Ratio 78% 72% 69% 66%
Commission Ratio 16% 18% 19% 19%
Expense Ratio 10% 9% 9% 9%
*Gain on HQ Building Sale and Merter BV impairment loss impairment are adjusted in Net Financial Income
23. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Improving ROE thanks to strong profit generation
23
* Excluding Gain on HQ Building Sale and Merter BV impairment loss.
(TL Million) 10’YE 11’YE 12’YE 13’YE
Cash and Marketable Securities 501 591 627 901
Receivables 413 452 475 462
Other Assets 71 93 116 147
Participations 30 30 30 8
Fixed Assets 44 43 44 31
Total Assets 1.059 1.206 1.292 1.549
Payables 88 95 110 116
Technical Reserves 527 627 671 796
Taxes Payable 7 6 15 26
Other Liabilities 65 75 72 78
Total Shareholders' Equity 372 403 424 533
Total Liabilities and Sh.s’ Equity 1.059 1.206 1.292 1.549
ROE 0% 9% 12% *17%
Solvency Ratio 155% 146% 167% 172%
24. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Top line grows far ahead of the market
24
765
951
13'H1 14'H1
Aksigorta growth is 15pp over than
the Market growth (9%)
Non-Motor business growth is 29%
while the Market growth is 17%
24%
Premium
Production
(M TL)
Combined ratio realized at 98%
95
*98
13'H1 14'H1
Combined Ratio
Better profitability in line with
improved margins in MOD and
higher EP effect is expected in H226 22
13'H1 14'H1
120
Net Income/Loss
(M TL)
* 17 mTL one off loss impact of severe climate conditions and big loss is adjusted in Combined Ratio of 14’H1.
25. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Slow-down in banking industry impacted our portfolio shares unfavourably
however portfolio share of non-motor continues to increase
25
6% 6%
11% 12%
14% 14%
69% 68%
MARKET
Agencies
Banks
Brokers
Direct Sales
Agency in Market 1pp
11% 12%
10% 12%
18% 15%
61% 61%
2013 June 2014 June
AKSİGORTA
Agencies
Banks
Brokers
Direct Sales
Broker in Aksigorta 2pp
11% 11%
38% 40%
51% 49%
MARKET
Motor
Non-Motor
Health
Non-motor in Market 2pp
13% 12%
41% 43%
46% 45%
2013 June 2014 June
AKSİGORTA
Motor
Non-Motor
Health
Non-motor in Aksigorta 2pp
L12Ms CHANNEL SHARES (%) L12Ms LOB SHARES (%)
26. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
12% **16% 16%
12'H1 13'H1 14'H1
ROE
*98%
95%
***98%
73%
66%
***70%
Combined Ratio
Loss Ratio
*48
69
***63
UW Result
ROE is flat even UW Result decreases
26
*10,4 MTL one off SSI impact is adjusted in UW result, LR and CoR in 2012 results.
**Excluding one-offs in 2013 results.
***17 mTL one off loss impact of severe climate conditions and big loss is adjusted in Combined Ratio of 14’H1.
27. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Technical Profit drives the bottom line
27
*10,4 MTL one off SSI impact is adjusted in Technical profit, CoR and LR in 2012 results.
**Excluding one-offs
***17 mTL one off loss impact of severe climate conditions and big loss is adjusted in Combined Ratio of 14’H1.
Income Statement (TRL Million) 11’YE 12’YE 13’YE 12’H1 13’H1 14’H1
Gross Written Premiums 1.137 1.311 1.526 706 765 951
Net Written Premiums 838 930 1.082 494 526 634
Net Earned Premiums 750 891 1.007 433 483 562
Claims (net) -544 -623 -663 -316 -321 -410
Commissions (net) -131 -166 -191 -79 -93 -107
G&A Expenses -73 -97 -115 -48 -56 -59
Technical Profit 3 *16 38 *-1 14 ***3
Net Financial Income 37 55 **60 27 **20 46
Profit (Loss) Before Tax 40 60 181 16 130 28
Tax -8 -12 -21 -3 -10 -6
Net Profit 32 49 160 13 120 22
Combined Ratio 99% *97% 94% *98% 95% ***98%
Loss Ratio 72% *69% 66% *71% 67% ***70%
Commission Ratio 18% 19% 19% 18% 19% 19%
Expense Ratio 9% 9% 9% 9% 9% 9%
28. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Improving ROE thanks to strong profit generation
Solvency ratio had a break after high dividend pay-out which is assumed to increase in the
remaining quarters
28
*Excluding one-offs
(TL Million) 11’YE 12’YE 13’YE 2012 H1 2013 H1 14’H1
Cash and Marketable Securities 591 627 901 604 741 856
Receivables 452 475 475 490 537 646
Other Assets 93 116 135 114 141 160
Participations 30 30 8 30 20 8
Fixed Assets 43 44 31 43 27 37
Total Assets 1.206 1.292 1.549 1.281 1.465 1.707
Payables 95 110 116 103 120 189
Technical Reserves 627 671 796 710 749 942
Taxes Payable 6 15 26 4 12 7
Other Liabilities 75 72 78 76 89 75
Total Shareholders' Equity 403 424 533 388 495 495
Total Liabilities and Sh.s’ Equity 1.206 1.292 1.549 1.281 1.465 1.707
ROE 9% 12% *17% 12% *16% 16%
Solvency Ratio 146% 167% 172% 139% 171% 138%
29. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Investment Portfolio
29
81%
15%
4%
December 2013
Time Deposit
Corporate Bond
Government Bond
Eurobond
73%
17%
6%
5%
June 2014
•Total Portfolio: TL 900,0m
•Average Yield: 8,4%
•Duration: 10 months
2013YE
•Total Portfolio: TL 854,3m
•Average Yield (annualized): 10,2%
•Duration: 12 months
2014H1
30. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Aksigorta share continues to perform over the index
30
10% positive performance relative to index in 2014
Current MCap – TL 894M
+51% positive performance relative to index in 2013
13YE MCap – TL 817M
12YE MCap – TL 667M
Broker Date Target
Burgan Sec. 31/07 4,14
Ak Investment 31/07 3,84
Deniz Invest 31/07 3,93
TEB Investment 31/07 3,50
Integras 02/07 4,00
31. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
2014 Guidance follows the strategic plan
31
1.526
13'A 14'E
Benefitting from the profitable
UWP base~15-18%Premium
Production
(M TL)
Sustainable UWP level is achieved
94
13'A 14'E
Combined Ratio
Technical Profit growing in line with
Top Line growth combined with
higher Financial Income stemming
from higher cash and interest rate.
*76
13'A 14'E
Net Income/Loss
(M TL)
~20-30%
~1pp
Imp.
*Excluding one-offs
32. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Keep flight altitude and enjoy technical margins in 2014
32
21% 19%
17% 20%
62% 61%
2013'A 2014'E
AKSİGORTA
Banks
Brokers
Direct Sales
&Brokers
11% 10%
38% 38%
51% 52%
MARKET
Motor
Non-Motor
Health
12% 12%
41% 41%
47% 47%
2013'A 2014'E
AKSİGORTA
Motor
Non-Motor
Health
CHANNEL SHARES (%) LOB SHARES (%)
17% 17%
14% 14%
69% 69%
MARKET
Agencies
Bank
Direct Sales
&Brokers
33. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
News from Aksigorta
33
“Keep living Turkey”
“Keep Living Turkey” is a 5-year long social
responsibility project developed by Aksigorta
and AKUT (Search and Rescue Association) –
Turkey’s most trusted organizations in their
own fields.
We aim to raise the awareness of “risk”
among Turkish society, educate people against
natural disasters and encourage the public to
ensure their safety and future
As Aksigorta and AKUT teams, we move
around the country by the Turkey’s first 3D
Earthquake Simulator truck and education
convoy.
Overall 5 years results are 52 provinces, 174
districts visited and 5,4M people touched.
“Aksigorta receives
Grand Prize at
Sabancı Golden Collar Awards”
Aksigorta won three awards including the
grand prize at the Sabancı Golden Collar
Awards, which are organized with a view to
rewarding the achievements of Sabancı Group
companies and employees and encouraging a
mutual exchange of best practices.
“Aksigorta won Bronze Awards
in 2013 Vision Awards
Annual Report Competition”
Aksigorta is presented with the Bronze
Awards for excellence within its industry on
the development of the organization’s
annual report for the past fiscal year.
34. Investor Presentation
Sabancı Holding
Golden Collar Awards 2013
Grand Prize
Contact Information & Disclaimer
34
For further information please contact with;
(Mr.) Osman Akkoca, Financial Control Manager and (Mr.) Necip Çakmakoğlu, Financial Control Unit Manager
(T) +90 216 280 88 88
investor.relations@aksigorta.com.tr
www.aksigorta.com.tr/en/yatirimci_iliskileri.php
Poligon Cad. Buyaka 2 Sitesi No:8, Kule:1, Kat:6 34771 Ümraniye İstanbul Türkiye
Disclaimer
The information and opinions contained in this document have been compiled by Aksigorta A.Ş. (“Company”) from sources believed to be reliable and in good faith,
but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No undue reliance may be placed for any
purposes whatsoever on the information contained in this document is published for the assistance of recipients , but is not to be relied upon as authoritative or
taken in substitution for the exercise of judgment by any recipient. The Company does not accept any liability whatsoever for any direct or consequential loss arising
from any use of this document or its contents. This document is strictly confidential and may not be reproduced, distributed or published for any purpose. The
information and opinions contained in this document have been compiled by Aksigorta A.Ş. (“Company”) from sources believed to be reliable and in good faith, but
no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. No undue reliance may be placed for any purposes
whatsoever on the information contained in this presentation or on its completeness, accuracy or fairness. This document contains forward-looking statements by
using such words as "may", "will", "expect", "believe", "plan" and other similar terminology that reflect the Company management’s current views, expectations,
assumptions and forecasts with respect to certain future events. As the actual performance of the companies may be affected by risks and uncertainties, all opinions,
information and estimates contained in this document constitute the Company’s current judgment and are subject to change, update, amend, supplement or
otherwise alter without notice. Although it is believed that the information and analysis are correct and expectations reflected in this document are reasonable, they
may be affected by a variety of variables and changes in underlying assumptions that could cause actual results to differ materially. Company does not undertake any
obligation, and disclaims any duty to update or revise any forward looking statements, whether as a result of new information or future events. Neither this
document nor the information contained within can construe any investment advice, invitation or an offer to buy or sell Company’s shares. Company cannot
guarantee that the securities described in this document constitute a suitable investment for all investors and nothing shall be taken as an inducement to any person
to invest in or otherwise deal with any shares of Company and its group companies. The information contained in this document is published for the assistance of
recipients, but is not to be relied upon as authoritative or taken in substitution for the exercise of judgment by any recipient. You must not distribute the information
in this document to, or cause it to be used by, any person or entity in a place where its distribution or use would be unlawful. Neither Company, its board of directors,
directors, managers, nor any of Its employees shall have any liability whatsoever for any direct or consequential loss arising from any use of this document or its
contents.