Allianz Asia Pacific grows business volume 14% with strong L&H sales

Property & Casualty maintained profitability with growth in Malaysia and China.

Allianz Asia Pacific reported a 14% year-on-year increase in operating profit to $518.3m (€443m) for the first half of 2025, driven by strong performances in its Life & Health business and key markets including Thailand, Malaysia and China.

Total business volume rose 14% to $5.733b (€4.9b), with Life & Health contributing $4.446b (€3.8b), up 16%, and Property & Casualty generating $1.287b (€1.1b), up 9%.

New Business Value (NBV) for Life & Health climbed 18% to $445.77m (€381m), supported by Thailand (+46%), Malaysia (+31%) and China (+31%). Annualised new premiums increased 9% to $752.31m (€643m).

Property & Casualty maintained profitability with growth in Malaysia (+28%) and China (+206%).

The customer base grew 10% from end-2024 to 10.3 million, whilst total policies increased 6% to 13.3 million.

Allianz said its technology investments, including AI-powered sales tools and digital platforms, are enhancing efficiency and customer experience.

($1.00 = €0.86)