Syarikat Takaful’s innovative strategies

Syarikat Takaful attributed the higher earnings to lower expense reserves, in line with lower production of the group’s medical products.

PETALING JAYA: Syarikat Takaful Malaysia Keluarga Bhd could face lower earnings growth this year due to the coronavirus (Covid-19)-induced slowdown in housing and car loans, say analysts.

This is despite the insurance group posting a 5.3% jump in net profit to RM101.6mil for the first quarter ended March 31 from RM96.44mil a year ago.