KUALA LUMPUR: Allianz Malaysia Bhd
remains focused on delivering sustainable growth amid a more challenging operating environment marked by rising competition, higher costs and evolving consumer needs.
“The group will continue to focus on disciplined execution of its strategy, including strengthening distribution capabilities, enhancing its product mix towards higher-margin and protection-oriented solutions, and improving operational efficiency through cost management.
“At the same time, the group will continue investing in digitalisation and data capabilities to drive productivity gains and enhance customer experience,” the insurer said in notes accompanying its financial results.
In the first quarter ended March 31 (1Q26), Allianz’s net profit rose 6.72% to RM227.3mil compared with RM213.04mil in the year-ago quarter.
Quarterly revenue stood at RM1.63bil, up 6.7% from RM1.53bil while earnings per share rose to 123.39 sen versus 118.54 sen previously.
Allianz has declared single-tier interim dividends of 35.5 sen per ordinary share and 42.6 sen per irredeemable convertible preference share (ICPS) for the financial year ending Dec 31, 2026.
The dividends will be paid on June 10 to shareholders and ICPS holders on record as at May 26.
Allianz said the general insurance segment achieved premium growth of 8.9%, outperforming the industry, which has contracted by 1.1%.
In the life insurance segment, annualised new business (ANP) grew by 23.2%, significantly exceeding industry growth of 5.5%.
General insurance segment performance was driven by strong contributions from agency and franchise channels, while life insurance segment growth was supported by bancassurance and employee benefits channels.
