Allianz Malaysia Berhad posts 14.3% rise in insurance revenue for Q1 2025

This is equivalent to reaching $367.2m during the period.

Allianz Malaysia Berhad reported a 14.3% year-on-year (YoY) increase in insurance revenue for the first quarter of 2025 (Q1 2025), reaching $367.2m (RM1.53b). 

Gross written premiums also rose to $482.4m (RM2.01b) from $456.0m (RM1.90b) in the same period last year.  

Total assets stood at $6.86b (RM28.59b) as of March 31, slightly up from $6.84b (RM28.49b) at the end of 2024.

The group's general insurance arm, Allianz General Insurance Company, maintained its market-leading position with a 14.9% share, driven by growth in its Motor and Commercial segments. 

Gross written premiums for the segment reached $234.7m (RM978.0m), up 10.6% YoY, whilst insurance revenue grew 14.3% YoY to $207.0m (RM862.5m). 

Profit before tax for Q1 2025 rose 20.7% YoY to $38.3m (RM159.7m). The combined ratio improved to 85.8% from 87.0% in the same quarter last year.

Allianz Life Insurance Malaysia Berhad posted $247.2m (RM1.03b) in gross written premiums, up slightly from $244.8m (RM1.02b) last year. 

Annualised new premiums in Q1 2025 fell to $51.2m (RM213.5m) from $56.4m (RM234.8m), whilst profit before tax rose 3.8% YoY to $30.5m (RM126.9m). 

The life insurer retained its number four industry ranking with an 11.8% market share.

($1.00 = RM4.21)