Allianz Malaysia posts RM227.35mil net profit in Q1

KUALA LUMPUR: Allianz Malaysia Bhd posted a higher net profit of RM227.35 million in the first quarter of its financial year ended March 31, 2026 (Q1 2026), compared to RM213.04 million in Q1 2025.

In a Bursa Malaysia filing, it said revenue rose to RM1.63 billion from RM1.53 billion in the same period last year, mainly due to higher insurance revenue from both insurance segments.

The group reported that its general insurance segment’s revenue increased by 6.5 per cent year-on-year (YoY) to RM918.3 million in 1Q 2026, attributing it to the increase in gross earned premiums from the motor business.

“The life insurance segment recorded an insurance revenue of RM713.1 million for 1Q 2026, an increase of 7.0 per cent YoY, mainly due to higher revenue from investment-linked protection and employee benefit business,” it said.

On prospects, Allianz Malaysia said it will continue to focus on disciplined execution of its strategy, including strengthening distribution capabilities, enhancing product mix towards higher-margin and protection-oriented solutions, and driving operational efficiency through cost management.

At the same time, the group will continue its investment in digitalisation and data capabilities to support productivity gains and improved customer experience.

“The group remains focused on delivering sustainable growth amid a more challenging and evolving market environment marked by increasing competition, rising costs and changing consumer needs,” it said.

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المصدر: New Straits Times