Takaful Malaysia sustains strong growth momentum in 1H

Kenanga Research said higher retakaful costs may continue to weigh on the company.

PETALING JAYA: The country’s oldest takaful operator Syarikat Takaful Malaysia Keluarga Bhd is expected to face some cost pressures in the form of higher retakaful costs in the second half of the year (2H23).

While maintaining its “outperform” call on the takaful operator, Kenanga Research said higher retakaful costs may continue to be a bane for the company.