KUALA LUMPUR: Allianz Malaysia Bhd
’s net profit jumped to RM101.32 million in the first quarter ended March 31, 2022 from RM63.26 million in the same period a year earlier, mainly due to profit contribution from life and general insurance segments.
Revenue for the quarter also increased to RM1.71 billion from RM1.61 billion year-on-year, mainly due to higher gross earned premiums and investment income by RM87.8 million and RM13.3 million respectively.
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