KUALA LUMPUR: Malaysia Bhd recorded an 11.5% year-on-year increase in net profit to RM211.69 million for the first quarter ended 31 March 2025 (1Q25), compared to RM189.83 million in the same period last year. The stronger performance was driven by higher contributions from both its general and life insurance segments.
Revenue rose 14.3% to RM1.53 billion from RM1.34 billion previously, on the back of increased insurance revenue across both segments, the company said in a filing with Bursa Malaysia.
The general insurance division delivered a pre-tax profit of RM159.7 million, supported by stronger net insurance and investment results. Meanwhile, the life insurance segment posted a higher pre-tax profit of RM126.9 million, mainly due to improved net insurance and investment returns. This was partially offset by lower other operating income from its investment-linked protection and employee benefits business.
Conversely, the investment holding segment registered a pre-tax loss of RM2.9 million, primarily due to lower expenses.
Looking ahead, Allianz Malaysia said it remains focused on expanding its distribution channels through agency transformation, with a strong emphasis on high-quality recruitment, agent productivity, and retention.
“We are actively steering our portfolio towards a more profitable product mix to accelerate sustainable growth and enhance return on equity,” the insurer said. “We will continue to adapt our strategy in response to market changes, strengthen claims management, and enforce disciplined expense management as the key levers of our profitability strategy.”
— BERNAMA
