KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd delivered a resilient performance for the first half of the financial year ended June 30 (1H25), with takaful revenue rising 9% year-on-year to RM1.85bil, up RM159.2mil from RM1.69bil in the same period last year.
This growth was driven by steady momentum in the family takaful segment, supported by the continued expansion of credit protection business.
For 1H25, the group recorded a profit before zakat and tax of RM287mil, marginally higher than the RM286.9mil reported in the corresponding period of the previous year.
“Our consistent performance, achieved in a challenging and competitive market environment, reflects the strength of our strategic initiatives,” said Takaful Malaysia group chief executive officer Nor Azman Zainal.
“We remain focused on sustainable growth, enhancing customer value and reinforcing our leadership position in the takaful industry.”
The family takaful business generated RM1.09bil in takaful revenue for the first half of 2025, an 18% increase from RM929.2mil a year earlier, primarily due to a higher amount charged for takaful coverage of RM92mil and a higher contribution release of RM49.2mil.
The general takaful business reported takaful revenue of RM694.6mil, slightly lower than RM716.7mil in 2024, reflecting lower contributions in the fire takaful segment.
“Our performance was driven by core portfolios in bancatakaful, treasury, employee benefits and general takaful.
Steady demand, greater awareness of financial protection and increasing digital adoption have helped offset market headwinds,” Nor Azman shared.
“Kaotim, our digital platform and brand, continues to deliver positive results and expand its reach with affordable online protection plans.
“We are intensifying efforts in the retail segment to offer broader access to cost-effective, comprehensive Shariah-compliant protection solutions.”
Takaful Malaysia is advancing its sustainability agenda with a focus on environmental, social and governance (ESG) priorities.
Initiatives include strengthening climate risk resilience, embedding eco-conscious practices in operations, promoting ethical and responsible investments and empowering communities through inclusive development programmes.
“With our strengthened core businesses, we are well-positioned to navigate the remainder of the year with agility,” Nor Azman added.
“Customer-centric innovation, digital enablement and ESG integration will continue to anchor our strategy, delivering long-term value to stakeholders while contributing to Malaysia’s socio-economic progress and environmental stewardship.”
