Takaful Malaysia FY23 net profit rises to RM346.91mil

KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd’s (Takaful Malaysia) net profit for the financial year ended Dec 31, 2023 (FY2023) jumped to RM346.91 million from RM282.85 million in FY2022.

Revenue soared to RM3.45 billion from RM3.00 billion previously, driven by higher revenue recorded by both the family takaful and general takaful businesses, the insurance provider said in a filing with Bursa Malaysia.