Allianz posts quarterly net profit of RM214mil

PETALING JAYA: Insurance revenue from both the general and life insurance helped revenue rise 10% on-year to RM1.52bil for the second quarter ended June 30, 2025 (2Q25), according to Allianz Malaysia Bhd.

Net profit totalled RM214mil or 49.66 sen earnings per share.

Year-to-date, the group’s insurance revenue stood at RM3.05bil, 12.6% higher on-year with gross written premiums totalling RM3.91bil versus RM3.61bil over the same period last year.

The general insurance subsidiary of the group, Allianz General Insurance Co (M) Bhd recorded an insurance revenue of RM886mil in the quarter, up 13.6% from RM779.9mil recorded for the same period a year ago.

The business maintained its pole position in the industry with an increased market share of 15.1% mainly driven by strong motor and fire growth, Allianz stated in a statement.

The group’s life insurance subsidiary, Allianz Life Insurance Malaysia Bhd saw its insurance revenue increase by 7.3% to RM634.2mil in the quarter.

Its market share now stands at 12.1%.

“We are proud of our strong performance this quarter, which reflects the dedication and strategic focus of both our life and general insurance subsidiaries,” said chief executive officer Sean Wang.

“Moving into the second half of 2025, we remain committed to working diligently to sustain this growth and continue delivering value to our customers and stakeholders.

“Our ongoing efforts to innovate and adapt in a dynamic market environment will be key to our success,” Wang pointed out.