AM Best expects Malaysian Life Re performance to remain adequate in 2025

In 2024, Malaysian Life Re reported a negative insurance service result.

AM Best expects Malaysian Life Reinsurance Group Berhad’s (Malaysian Life Re) operating performance metrics to remain adequate, supported by an improved insurance service result.

AM Best said Malaysian Life Re’s balance sheet remains very strong, underpinned by risk-adjusted capitalisation at the strongest level as of 31 December 2024, based on Best’s Capital Adequacy Ratio. 

The company continues to follow a conservative capital management and investment approach, with most assets in cash, deposits and highly rated fixed-income securities.

In 2024, Malaysian Life Re reported a negative insurance service result from its life and health reinsurance portfolio. 

However, investment income from bonds and interest earnings offset losses, helping the company record a positive operating result and a return on equity of 2.7%.