Allianz Malaysia Berhad (ALLIANZ) Q1 2026 earnings summary

Executive summary

• Insurance revenue rose 6.7% year-over-year to RM1.63 billion for Q1 2026, driven by both general and life insurance segments.

• Profit before tax was RM284.2 million, nearly flat year-over-year, with a 0.2% decrease mainly due to lower general insurance profit.

• Net profit attributable to owners increased 6.7% year-over-year to RM227.3 million.

• Total assets stood at RM30.50 billion, with equity up 3.1% to RM6.49 billion as of 31 March 2026.

Financial highlights

• General insurance revenue grew 6.5% year-over-year to RM918.3 million; life insurance revenue up 7.0% to RM713.1 million.

• General insurance gross written premium increased 8.8% year-over-year; life insurance gross written premium up 18.4%.

• Annualised new premium (ANP) for life insurance surged 23.2% year-over-year.

• Combined ratio for general insurance rose to 87.2% (from 85.8%); life insurance expense ratio improved to 10.2% (from 11.3%).

• Basic EPS was 123.39 sen, up from 118.54 sen; diluted EPS was 65.67 sen, up from 61.65 sen.

Outlook and guidance

• The group aims to sustain growth by strengthening distribution, enhancing product mix, and investing in digitalisation.

• Focus remains on operational efficiency and adapting to a challenging market with rising costs and competition.