PETALING JAYA: Allianz Malaysia Bhd
has posted a higher profit of RM218.65mil for the second quarter ended June 30, 2026, versus RM214.04mil it achieved in the same quarter last year.
This was on the back of a higher revenue of RM1.63bil for the quarter under review, versus the RM1.52bil posted in the same quarter last year.
In a filing with the local bourse, the insurer said the increase was supported by higher revenue from the general and life insurance segments.
The general insurance segment grew 4.5% for the second quarter, its revenue registered at RM925.8mil, mainly due to an increase in gross earned premiums from motor business.
In addition to that, the life insurance segment registered an insurance revenue of RM703.8mil which was 11% higher preceding year quarter.
This increase was mainly attributed to higher insurance revenue from investment-linked protection and employee benefit business.
Allianz Malaysia did not declare any dividend for this quarter.
However, it delivered robust results for the quarter under review, further reinforcing its position as an insurance provider.
“During the period, the general insurance segment achieved premium growth of 6.5%, significantly outperforming industry growth of 1.4%, driven by strong contributions from agency and franchise channels.
“In the life insurance segment, annualised new business premiums increased by 8.7%, compared with industry growth of 14.0%,” Allianz Malaysia explained.
Furthermore, the life insurance segment continued to build momentum, with annualised new business premium growth improving by 8.1 percentage points from 0.6% recorded in the corresponding period last year.
This growth was supported by strong performance in the bancassurance and employee benefits channels, both of which delivered new business growth ahead of the market.
Moving on, Allianz Malaysia said it will continue to focus on executing its strategic priorities and is well positioned to deliver sustainable and profitable growth.
“We will continue to strengthen its distribution capabilities, enhance productivity across its channels, and leverage its technical excellence in underwriting and claims management to support disciplined portfolio growth and customer value creation,” it said.
It added that digital initiatives remain a priority to enhance operational efficiency, strengthen resilience, and deliver a superior customer experience.
