Allianz Malaysia Berhad (ALLIANZ) Q2 2025 earnings summary

Executive summary

• Insurance revenue for the six months ended 30 June 2025 rose 12.6% year-over-year to RM3.05 billion, driven by growth in both general and life insurance segments.

• Profit before tax increased 19.4% year-over-year to RM568.0 million, with net profit attributable to owners up 19.7% to RM427.1 million.

• General insurance outperformed industry growth, while life insurance new business rebounded in Q2 2025.

Financial highlights

• General insurance revenue grew 13.9% year-over-year to RM1.75 billion; life insurance revenue up 10.8% to RM1.30 billion.

• Combined ratio for general insurance improved to 86.9% (down 1.5 pts year-over-year); life insurance expense ratio at 11.4%.

• Net investment income for the period was RM315.4 million.

• Total assets increased 3.4% to RM29.47 billion; total equity rose 4.8% to RM6.11 billion as at 30 June 2025.

• Basic EPS for six months was 167.74 sen; diluted EPS 123.70 sen.

Outlook and guidance

• Malaysian economy expanded 4.4% in Q2 2025, supporting robust insurance demand.

• General insurance premium growth of 11.7% outpaced industry growth of 4.0%.

• Life insurance new business growth rebounded in Q2, outperforming a market contraction.

• Focus remains on expanding distribution, digital innovation, and optimizing operations for sustainable growth.