Allianz Malaysia's 1Q net profit falls 20.4% to RM63.26m, dr

Allianz Malaysia's 1Q net profit falls 20.4% to RM63.26m, dragged by life insurance segment

KUALA LUMPUR (May 19): Allianz Malaysia Bhd’s net profit for the first quarter ended March 31, 2021 (1QFY21) fell 20.43% to RM63.26 million, from RM79.5 million a year ago, due mainly to lower profit contribution from the life insurance segment. Quarter revenue, however, grew 8.21% to RM1.61 billion from RM1.48 billion a year ago, due mainly to higher gross earned premiums and investment income, its filing to Bursa Malaysia showed. The insurer...

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