Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Q2 2025 Earnings Presentation

31 slides from Allianz Malaysia Bhd's earnings presentation, Aug 26, 2025

  1. Slide 1: Allianz Malaysia Berhad Q2 2025 Financial Results Analyst Briefing

    ALLIANZ MALAYSIA BERHAD (197201000819) Q2 2025 FINANCIAL RESULTS Analyst Briefing 26 August 2025 © Copyright Allianz Malaysia Berhad

  2. Slide 2: AMB Group Financial Results

    01 AMB GROUP FINANCIAL RESULTS © Copyright Allianz Malaysia Berhad 2

  3. Slide 3: Financial Highlights 6M 2025

    FINANCIAL HIGHLIGHTS 6M 2025 Group General Insurance Life Insurance Investment Holding Investment Holding Gross Written Premium (RM’mil) 3,913.9 (+8.5%) 1,875.8 (+11.3%) 2,038.1 (+6.1%) Insurance Revenue (RM’mil) 3,048.9 (+12.6%) 1,748.5 (+13.9%) 1,300.4 (+10.8%) Profit Before Tax (RM’mil) 568.0 (+1

  4. Slide 4: Robust Top Line Growth and Resilient Earnings

    ROBUST TOP LINE GROWTH AND RESILIENT EARNINGS Comments Insurance revenue Profitability • Group insurance revenue of RM3.05 billion, an increase of 12.6% • Group profit before tax of RM568.0 million, increased by 19.4% from RM2.71 billion in 2024 due to strong insurance revenue from (6M 2024: RM475.8

  5. Slide 5: Financial Highlights 6M 2025: Gross Written Premium

    FINANCIAL HIGHLIGHTS 6M 2025 Group General Insurance Gross Written Premium (“GWP”) (RM’mil) +11.3% +8.5% 1,875.8 1,685.0 3,913.9 6,546.5 3,605.8 2,008.8 1,904.3 1,905.1 1,701.5 6M 24 6M 25 884.6 978.0 897.8 Life Insurance 800.4 +6.1% 1,920.8 2,038.1 1,019.7 1,030.8 1,007.3 901.1 1Q 24 2Q 24 1Q 25 2Q

  6. Slide 6: Financial Highlights 6M 2025: Insurance Revenue

    FINANCIAL HIGHLIGHTS 6M 2025 Group General Insurance Insurance Revenue (RM’mil) +13.9% +12.6% 1,748.5 1,534.7 3,048.9 4,941.6 4,418.8 2,708.0 1,528.7 1,520.2 1,336.9 1,371.1 6M 24 6M 25 862.5 886.0 779.9 Life Insurance 754.8 +10.8% 1,300.4 1,173.3 582.1 591.2 666.2 634.2 1Q 24 2Q 24 1Q 25 2Q 25 Life

  7. Slide 7: Financial Highlights 6M 2025: Profit Drivers

    FINANCIAL HIGHLIGHTS 6M 2025 Profit Before Tax drivers (RM’mil) Profit After Tax drivers (RM’mil) +19.4% +19.7% 27.7 568.0 18.4 427.1 65.5 53.6 (1.0) (1.7) 475.8 356.8 6M 24 General General… Life Investment Investment… 6M 25 6M 24 General General… Life Investment Investment… 6M 25 PBT 6M 24 Insuranc

  8. Slide 8: Life Business: CSM Growth Good at 3.0%

    LIFE BUSINESS: CSM GROWTH GOOD AT 3.0% Contractual Service Margin (RM’mil) +3.0% 94.7 290.6 CSM (net) 2,376.4 (32.8)1 Reinsurance 154.0 3,646.1 Non-attributable cost 365.3 3,538.8 (245.2) Tax 750.4 CSM (gross) 3,646.1 VNB (6M 25) 228.62 + Non-attr. Cost 64.4 - Scope / other (2.4) = New business @ in

  9. Slide 9: Financial Overview

    FINANCIAL OVERVIEW 2 Year CAGR RM’mil 2022 2023 2024 6M 2024 6M 2025 (2022 – 2024) Gross Written Premiums 6,023.0 6,546.5 7,244.8 9.7% 3,605.8 3,913.9 CSM Release 368.6 433.1 487.1 15.0% 236.6 245.2 Expense Ratio (Non Life)1 26.6% 26.3% 25.4% (1.2 pts) 24.3% 24.2% Expense Ratio (Life)2 9.8% 12.1% 11

  10. Slide 10: Summary of Unaudited Financial Results

    SUMMARY OF UNAUDITED FINANCIAL RESULTS RM’mil 6M 2024 6M 2025 25/24 % Insurance revenue 2,708.0 3,048.9 12.6% Claims and benefits (1,583.0) (1,641.3) 3.7% Acquisition and administrative expenses (net) (654.4) (710.2) 8.5% Losses on onerous contracts (4.3) (4.7) 9.3% Insurance service expenses (2,24

  11. Slide 11: General Business

    02 GENERAL BUSINESS © Copyright Allianz Malaysia Berhad 11

  12. Slide 12: General Business: Strategic Execution, Tangible Results

    GENERAL BUSINESS: STRATEGIC EXECUTION, TANGIBLE RESULTS 1 15.1% +11.7% Market Share GI Market Share GWP Growth Outperformance (+1.0%pts vs LY) (GI Industry: +4.0%) Outpaced industry’s growth. 2 8 24.0% No.1 Market Leader in Motor ALU E DRIVER Process Optimisation ▪ Workspace Optimisation GI Market S

  13. Slide 13: General Business Comments

    GENERAL BUSINESS Comments Gross written premiums Combined ratio • Continued growth momentum in the second quarter with • Better combined ratio of 1.5 pts mainly contributed by lower gross written premium increased by 11.3% as compared to claims ratio due to better claims experience from fire and pri

  14. Slide 14: General Business: Good Sales Momentum with Double Digit GWP Growth

    GENERAL BUSINESS: GOOD SALES MOMENTUM WITH DOUBLE DIGIT GWP GROWTH Gross Written Premium (RM’mil) Distribution Channel & Portfolio Mix +11.3% Telemarketing 1.7% 1,875.8 Agent 57.6% 1,685.0 Broker 10.8% Banca 1.7% Franchise 28.2% Fire 978.0 13.3% 884.6 897.8 800.4 Marine 1.8% PA & Health 5.3% Total M

  15. Slide 15: General Business: Growth in Investment Income

    GENERAL BUSINESS: GROWTH IN INVESTMENT INCOME IN LINE WITH HIGHER YIELD AND GROWTH IN INVESTMENT ASSETS Net investment income/ Net (re-)insurance finance expenses Portfolio Mix and Investment Yield (Annualised) (RM’mil) +21.1% Portfolio Mix Investment Yield * 93.4 77.1 51.2 Deposit 42.2 11.7% Unquot

  16. Slide 16: General Business: Higher PBT Due to Better Claims Experience

    GENERAL BUSINESS: HIGHER PBT DUE TO BETTER CLAIMS EXPERIENCE AND HIGHER NET INSURANCE AND INVESTMENT RESULTS Profit Before Tax (RM’mil) PBT Drivers (RM’mil) +26.4% 24.5 62.8 314.0 314.0 (21.8) 248.5 248.5 160.9 153.1 132.3 6M 24 Insurance… Insurance Net Others Others 6M 25 116.2 6M 24 service invest

  17. Slide 17: General Business: Better Combined Ratio Due to Lower Claims Ratio

    GENERAL BUSINESS: BETTER COMBINED RATIO DUE TO LOWER CLAIMS RATIO Combined Ratio -1.5 pts Discounting impact -2.9% Discounting impact -2.9% 90.1% 88.4% 88.0% 87.0% 85.8% 86.9% 24.1% 24.9% 24.3% 25.5% 22.8% 24.2% * * 62.9% 65.2% 64.1% * * 63.0% 62.5% 62.7% 1Q 24 2Q 24 6M 24 1Q 25 2Q 25 6M 25 Claims R

  18. Slide 18: General Business: Financial Results at a Glance

    GENERAL BUSINESS: FINANCIAL RESULTS AT A GLANCE RM’mil 6M 2024 6M 2025 25/24 % Insurance revenue 1,534.7 1,748.5 13.9% Claims (951.4) (967.5) 1.7% Acquisition and administrative expenses (net) (355.1) (392.2) 10.4% Losses on onerous contracts (3.6) (1.5) (58.3%) Net expenses from reinsurance contra

  19. Slide 19: General Business: Performance Compared to Industry (Jan-Jun 2025)

    GENERAL BUSINESS: PERFORMANCE COMPARED TO INDUSTRY (JAN-JUN 2025) AGIC 1 Industry 1 Takaful 1 KPIs 6M 2025 6M 2025 6M 2025 GWP growth 11.7% 4.0% 9.7% Market Share (6M 2025) 2 15.1% Market Ranking (3M 2025) 3 No. 1 Notes: 1) Source: ISM Market PerformanceReport Jan-Jun 2025 (General Insurance & Gener

  20. Slide 20: Life Business

    03 LIFE BUSINESS © Copyright Allianz Malaysia Berhad 20

  21. Slide 21: Life Business: Strategic Execution, Tangible Results

    LIFE BUSINESS: STRATEGIC EXECUTION, TANGIBLE RESULTS 1 12.1% +4.5% Market Share Company Market Share Agency Growth Outperformance (+0.9% vs LY) (Industry: -7.6%) Outpaced industry in all channels. 2 8 Process Optimisation 228.6mn ▪ Agency – Promote new medical Distribution Reboot ALU E DRIVER ▪ Heal

  22. Slide 22: Life Business Comments

    LIFE BUSINESS Comments Gross written premiums Product mix • Gross written premiums grew by 6.1% with growth from • Remain focused on sales of investment-linked products with Bancassurance (+8.1%) and Employee Benefit (+12.9%). protection rider which provides higher margins but to also cater for dema

  23. Slide 23: Life Business: Growth Driven by Recurring Premium

    LIFE BUSINESS: GROWTH DRIVEN BY RECURRING PREMIUM Gross Written Premiums (“GWP”) (RM’mil) GWP Mix & Growth (%) (6M 2025) +6.1% Mix Single 2,038.1 Premium 1,920.8 18.1% 1,019.7 1,030.8 1,007.3 Total 901.1 2,038.1 Recurring Premium 81.9% 761.5 806.4 Growth 863.5 760.3 9.7% 258.2 224.4 140.8 143.8 1Q 2

  24. Slide 24: Life Business: Higher PBT Due to Higher Insurance Service Results

    LIFE BUSINESS: HIGHER PBT DUE TO HIGHER INSURANCE SERVICE RESULTS Profit Before Tax (RM’mil) PBT Drivers (RM’mil) +12.1% 50.9 257.1 257.1 229.4 (23.2) 229.4 126.9 130.2 122.3 107.1 6M 24 Insurance Insurance … Net investment 6M25 6M 25 6M 24 service income/ … Net investment results (expenses) and oth

  25. Slide 25: Life Business: Growth in ANP with Significant Improvement in Q2

    LIFE BUSINESS: GROWTH IN ANP WITH SIGNIFICANT IMPROVEMENT IN Q2 WITH ALIM OUTPACING THE INDUSTRY Annualised New Premiums (“ANP”) (RM’mil) ANP Channel Mix (%) (6M 2025) +0.6% 448.4 445.9 234.8 234.9 13.1 Bancassurance/Direct 20.6 211.1 213.5 Marketing 9.6 20.9 34.3% 66.4 Growth -7.6% 91.6 74.7 87.2 T

  26. Slide 26: Life Business (Agency): Focus on Regular Investment-Linked Products

    LIFE BUSINESS (AGENCY): CONTINUE FOCUS ON PREFERRED SEGMENT OF REGULAR INVESTMENT-LINKED PRODUCTS WITH BETTER MARGINS Agency Annualised New Premiums (RM’mil) Total: Agency Product Mix (%) (6M 2025) Q1 -14.0% +4.5% Q2 +22.6% By ANP By Policy Count Traditional 260.8 524.8 8.9% IL: Traditional 155.4 Q1

  27. Slide 27: Life Business: Investment-Linked with Protection Features Continues to Grow

    LIFE BUSINESS: INVESTMENT-LINKED WITH PROTECTION FEATURES CONTINUES TO GROW Annualised New Premiums (RM’mil) Gross Written Premiums (RM’mil) +2.1% +8.4% 335.6 1,311.0 328.6 1,209.2 174.8 181.3 672.5 153.8 154.3 638.5 615.6 593.6 1Q 24 2Q 24 1Q 25 2Q 25 1Q 24 2Q 24 1Q 25 2Q 25 © Copyright Allianz Mal

  28. Slide 28: Life Business: Lower Investment Income Due to Fair Value Losses

    LIFE BUSINESS: LOWER INVESTMENT INCOME DUE TO FAIR VALUE LOSSES AND LOWER REALISED GAINS FROM MARKET UNCERTAINTY Investment Income by funds Portfolio Mix and Investment Yield (LF) (%) (RM’mil) Investment Yield Portfolio Mix (Annualised) -80.4% Cash Others 8.0% 0.4% 822.5 Equities 6.8% Govt Bonds 82.

  29. Slide 29: Life Business: Financial Results at a Glance

    LIFE BUSINESS: FINANCIAL RESULTS AT A GLANCE RM’mil 6M 2024 6M 2025 25/24 % Insurance revenue 1,173.3 1,300.4 10.8% - Release contractual service margin 236.6 245.2 3.6% - Release of expected cash flows, risk adjustments and others 936.7 1,055.2 12.7% Claims and benefits (631.6) (673.5) 6.6% Acquis

  30. Slide 30: Thank You for Your Attention

    THANK YOU FOR YOUR ATTENTION © Copyright Allianz Malaysia Berhad

  31. Slide 31: Disclaimer

    DISCLAIMER These assessments are, as always, subject to the disclaimer provided below. Cautionary Note Regarding Forward-LookingStatements The statements contained herein may include statements of future expectations and Union, (xi) changes in the policies of central banks and/or foreign governments

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