AL­LIANZ MALAYSIA BE­GINS 2014 WITH STRONG RE­SULTS

Insurance - - IN­DUS­TRY UP­DATES -

Source: Al­lianz press re­lease, 28 May 2014

Al­lianz Malaysia Ber­had (“AMB”) Group il­lus­trates re­sults for cus­tomers by as­sur­ing a pos­i­tive and strong start for the year through prof­itable and solid growth in the first three months of 2014. A to­tal of RM1.01 bil­lion was recorded in Gross Writ­ten Pre­mium (“GWP”) in the first three months of 2014 by the Group as com­pared to RM881.8 mil­lion last year; record­ing a jump of 14.7 per­cent. Profit be­fore tax saw a record high in­crease of 57.6 per­cent to RM124.0 mil­lion from RM78.7 mil­lion last year. The Group’s To­tal As­sets also hit the high note by grow­ing 16.6 per­cent at RM11.25 bil­lion this year as com­pared to RM9.65 bil­lion last year. AMB CEO, Jens Reisch said, “We achieved high prof­its and pos­i­tive re­sults for our first quar­ter and we are con­fi­dent that this will fur­ther con­tinue. Through an en­cour­ag­ing growth fac­tor such as this, we cre­ate sus­tain­able value for all our stake­hold­ers in­clud­ing our share­hold­ers, cus­tomers, agents, busi­ness part­ners and em­ploy­ees as a lead­ing in­sur­ance group in Malaysia.”

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