Allianz Malaysia’s chief executive officer Zakri Khir said notwithstanding the business challenges and tepid economic environment following the reinstatement of the movement control order (MCO) restriction between January to February of this year due to a resurgence of Covid-19 cases, the group still managed to deliver resilient results.
PETALING JAYA: Allianz Malaysia Bhd
(AMB) saw its profit before tax decline by 26.7% to RM67.4mil in the first quarter ended March 31,2021 (Q1 of FY21) as compared to RM91.9mil in the same period a year ago, mainly from changes in fair value in the life business segment.
Total gross written premiums (GWP) for the period stood at RM1.48bil, up 8.8% from a year ago.
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