KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) delivered a strong financial performance for the first quarter of the year, which ended on March 31, recording a profit before zakat and tax (PBZT) of RM158.2mil – the highest first-quarter PBZT in the group’s history.
The achievement represents a 5% increase compared to RM151.1mil recorded in the corresponding period last year.
Profit after zakat and tax rose 6% to RM100mil from RM94.6mil previously, underscoring the group’s disciplined execution, diversified earnings base, prudent risk management and sustained operational resilience amid an increasingly competitive and evolving
market environment.
Takaful Malaysia group chief executive officer Nor Azman Zainal said, “Our record first-quarter performance reflects the strength of the company’s fundamentals, the resilience of our diversified business model and the trust that customers continue to place in our
brand.”
He added, “The continued growth in profitability demonstrates the effectiveness of our long-term strategy, supported by prudent underwriting practices, sound investment management, customer-centric solutions and ongoing digital transformation initiatives.
“We remain committed to strengthening our market position while creating sustainable value for all stakeholders.”
Resilient performance
The family takaful segment recorded takaful revenue of RM568.2mil during the first quarter of this year. This was supported by a more affordable and competitive coverage fee structure aimed at enhancing market accessibility and customer reach.
Meanwhile, the general takaful segment maintained strong momentum, with takaful revenue increasing by 14.2% to RM392.2mil compared to RM343.5mil recorded in the same period last year.
The growth was primarily driven by stronger contributions from the motor and fire takaful segments, reflecting a sustained demand for the company’s products and its strong position in the market.
The group also delivered an improved investment performance during the quarter. Net investment income for the general takaful segment rose to RM18.8mil from RM17.3mil in the corresponding quarter last year. The increase was driven by higher profits from
sukuk investments and realised gains from the disposal of investment assets.
Additionally, investment income within the family takaful segment increased by RM67.8mil year-on-year, mainly attributable to lower fair value losses on equity securities. This reflects improved market conditions and prudent portfolio management.
Sustainable long-term growth
“Our diversified business pillars across bancatakaful, employee benefits, treasury and general takaful continue to provide resilience, stability and sustainable growth opportunities for the group.
“At the same time, we remain focused on strengthening our digital infrastructure, operational capabilities and customer experience to support future growth, innovation and operational efficiency,” said Nor Azman.
He added that through Kaotim, the company’s digital platform, Takaful Malaysia continues to expand access to affordable and accessible protection solutions while enhancing customer engagement through technology-driven initiatives and digitalisation.
Looking ahead, the group remains committed to delivering long-term sustainable growth while advancing its environmental, social and governance agenda. It aims to continue strengthening its governance framework, digital capabilities and customer-centric strategies to create sustainable value for its customers, shareholders and stakeholders alike.
