Allianz Malaysia’s results resilient

“It was a rollercoaster year in 2021, as we experienced highs with the reopening of the economy and implementation of the National Recovery Plan and lows as we were impacted by further lockdowns and then the lowest of lows when the country was hit with devastating floods in December,” said Allianz Malaysia chief executive officer Sean Wang.

PETALING JAYA: Allianz Malaysia Bhd (Allianz Malaysia) reported a 7.2% growth in gross written premiums to RM5.69bil for its financial year ended Dec 31, 2021 compared with RM5.31bil from the year before.

Pre-tax profit dipped 14.3% to RM625.6mil in 2021 compared with RM729.6mil in 2020.

Total assets increased 8% to RM23.64bil in 2021 compared with RM21.90bil in 2020.

“It was a rollercoaster year in 2021, as we experienced highs with the reopening of the economy and implementation of the National Recovery Plan and lows as we were impacted by further lockdowns and then the lowest of lows when the country was hit with devastating floods in December,” said Allianz Malaysia chief executive officer Sean Wang.