Maybank Ageas Holdings Bhd, the parent company of Etiqa Insurance Bhd and Etiqa Takaful Bhd, has registered a 7% growth year-on-year in pre-tax profit to RM733.2 million last year.The result was attributed to the favourable returns from equity investments and improved general business underwriting performance, said Maybank Ageas chief executive officer, Kamaludin Ahmad.
The combined gross premium of its life insurance, general insurance, family Takaful and general Takaful businesses was RM4.8 billion last year.
“Overall, gross premium of Takaful business was RM2.3 billion, contributing 49% to total gross premium of Etiqa,” he told reporters at a financial results briefing today.
Etiqa continued to be the market leader in Takaful business in Malaysia, with a market share of 49.8% for general Takaful and 35.9% for family Takaful, he added.
Etiqa’s total assets rose 3% last year to RM28.3 billion from RM27.5 billion previously.
No comments:
Post a Comment