Allianz Malaysia Bhd. · MYX:ALLIANZ

Allianz Malaysia Bhd — Q2 2026 Earnings Presentation

31 slides from Allianz Malaysia Bhd's earnings presentation, Aug 24, 2026

  1. Slide 1: Allianz Malaysia Berhad Q2 2026 Financial Results Analyst Briefing

    ALLIANZ MALAYSIA BERHAD (197201000819) Q2 2026 FINANCIAL RESULTS Analyst Briefing 24 August 2026 © 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 2026

    FINANCIAL HIGHLIGHTS 6M 2026 Group General Insurance Life Insurance Investment Holding Investment Holding Gross Written Premium (RM’mil) 4,365.3 (+11.5%) 2,001.8 (+6.7%) 2,363.5 (+16.0%) Insurance Revenue (RM’mil) 3,261.0 (+7.0%) 1,844.1 (+5.5%) 1,416.9 (+9.0%) Profit Before Tax (RM’mil) 595.4 (+4.8

  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 RM3.26 billion, an increase of 7.0% • Group profit before tax of RM595.4 million, increased by 4.8% (6M from RM3.05 billion in 2025 due to strong insurance revenue from 2025: RM568.0 m

  5. Slide 5: Financial Highlights 6M 2026: Gross Written Premium

    FINANCIAL HIGHLIGHTS 6M 2026 Group General Insurance Gross Written Premium (“GWP”) (RM’mil) +6.7% +11.5% 2,001.8 1,875.8 4,365.3 6,546.5 3,913.9 2,285.0 2,080.3 2,008.8 1,905.1 1,064.2 6M 25 6M 26 937.6 978.0 897.8 Life Insurance +16.0% 2,363.5 2,038.1 1,220.8 1,142.7 1,030.8 1,007.3 1Q 25 2Q 25 1Q

  6. Slide 6: Financial Highlights 6M 2026: Insurance Revenue

    FINANCIAL HIGHLIGHTS 6M 2026 Group General Insurance Insurance Revenue (RM’mil) +5.5% +7.0% 1,748.5 1,844.1 3,261.0 3,048.9 1,631.4 1,629.6 1,528.7 1,520.2 6M 25 6M 26 918.3 925.8 862.5 886.0 Life Insurance +9.0% 1,416.9 1,300.4 666.2 634.2 713.1 703.8 1Q 25 2Q 25 1Q 26 2Q 26 Life Insurance General

  7. Slide 7: Financial Highlights 6M 2026: PBT and PAT Drivers

    FINANCIAL HIGHLIGHTS 6M 2026 Profit Before Tax drivers (RM’mil) Profit After Tax drivers (RM’mil) +4.8% +4.4% 36.9 6.3 595.4 23.3 6.3 446.0 568.0 427.1 (15.8) (10.7) 6M 25 General General… Life Investment Investment… 6M 26 6M 25 General General… Life Investment Investment… 6M 26 PBT 6M 25 Insurance

  8. Slide 8: Financial Overview

    FINANCIAL OVERVIEW 2 Year CAGR RM’mil 2023 2024 2025 6M 2025 6M 2026 (2023 – 2025) Gross Written Premiums 6,546.5 7,244.8 7,689.5 8.4% 3,913.9 4,365.3 CSM Release 433.1 487.1 510.1 8.5% 245.2 260.8 Expense Ratio (Non Life)1 26.3% 25.4% 25.6% (0.7 pts) 24.2% 25.3% Expense Ratio (Life)2 12.1% 11.2% 10

  9. Slide 9: Summary of Unaudited Financial Results

    SUMMARY OF UNAUDITED FINANCIAL RESULTS RM’mil 6M 2025 6M 2026 26/25 % Insurance revenue 3,048.9 3,261.0 7.0% Claims and benefits (1,641.3) (1,876.6) 14.3% Acquisition and administrative expenses (net) (710.2) (779.7) 9.8% (Losses)/Reversal of losses on onerous contracts (4.7) 0.7 >100% Insurance se

  10. Slide 10: General Business

    02 GENERAL BUSINESS © Copyright Allianz Malaysia Berhad 10

  11. Slide 11: General Business: Strategic Execution, Tangible Results

    GENERAL BUSINESS: STRATEGIC EXECUTION, TANGIBLE RESULTS 1 Market Share 15.6% +6.5% Outperformance GI Market Share (Rolling 12M) GWP Growth Strong growth amid industry (+0.4%pts vs LY) (GI Industry: +1.4%) headwinds 2 8 24.2% No.1 Market Leader in E DRIVER Process Optimisation GI Market Share Motor A

  12. Slide 12: General Business: Comments

    GENERAL BUSINESS Comments Gross written premiums Combined ratio • Continued growth momentum in the second quarter with • Combined ratio stood at 87.6% (6M 2025: 86.9%). Claims ratio gross written premium increased by 6.7% as compared to improved by 0.4 pts to 62.3% (6M 2025: 62.7%), offset by prior

  13. Slide 13: General Business: Good Sales Momentum Driven by Motor

    GENERAL BUSINESS: GOOD SALES MOMENTUM DRIVEN BY MOTOR WITH HIGHER GWP GROWTH Gross Written Premium (RM’mil) Distribution Channel & Portfolio Mix +6.7% Telemarketing 1.9% 2,001.8 Agent 58.2% 1,875.8 Broker 10.1% Banca 1.7% Franchise 28.1% 1,064.2 Fire 978.0 937.6 12.2% 897.8 Marine 1.6% PA & Health 5

  14. Slide 14: General Business: Higher Net Insurance Finance Expenses

    GENERAL BUSINESS: HIGHER NET INSURANCE FINANCE EXPENSES DUE TO HIGHER DISCOUNTING IMPACT Net investment income/ Net (re-)insurance finance expenses Portfolio Mix and Investment Yield (Annualised) (RM’mil) -11.9% Portfolio Mix Investment Yield * 93.4 82.3 51.2 Deposit 42.2 40.9 41.4 10.0% Unquoted 10

  15. Slide 15: General Business: Lower PBT

    GENERAL BUSINESS: LOWER PBT DUE TO LOWER NET INSURANCE AND INVESTMENT RESULTS Profit Before Tax (RM’mil) PBT Drivers (RM’mil) -5.0% 314.0 298.2 (3.3) (5.0) (7.5) 314.0 298.2 160.9 153.1 154.2 144.0 6M 25 Insurance… Insurance Net Others Others 6M 26 6M 25 service investment Net… 6M 26 results income

  16. Slide 16: General Business: Higher Combined Ratio

    GENERAL BUSINESS: HIGHER COMBINED RATIO DUE TO HIGHER EXPENSE RATIO OFFSET BY BETTER CLAIMS RATIO Combined Ratio +0.7 pts Discounting impact -2.9% Discounting impact -2.6% 85.8% 88.0% 86.9% 87.2% 88.1% 87.6% 22.8% 25.5% 24.2% 25.0% 25.6% 25.3% * 63.0% 62.5% 62.7%* 62.2% 62.5% 62.3%* 1Q 25 2Q 25 6M 2

  17. Slide 17: General Business: Financial Results at a Glance

    GENERAL BUSINESS: FINANCIAL RESULTS AT A GLANCE RM’mil 6M 2025 6M 2026 26/25 % Insurance revenue 1,748.5 1,844.1 5.5% Claims (967.5) (1,116.0) 15.3% Acquisition and administrative expenses (net) (392.2) (435.5) 11.0% Losses on onerous contracts (1.5) (0.9) (40.0%) Net expenses from reinsurance cont

  18. Slide 18: General Business: Performance Compared to Industry

    GENERAL BUSINESS: PERFORMANCE COMPARED TO INDUSTRY (JAN-JUN 2026) AGIC 1 Industry 1 Takaful 1 KPIs 6M 2026 6M 2026 6M 2026 GWP growth 6.5% 1.4% 6.7% Market Share (Rolling 12M) 2 15.6% Market Ranking (3M 2026) 3 No. 1 Notes: 1) Source: ISM Market PerformanceReport Jan-Jun 2026 (General Insurance & Ge

  19. Slide 19: Life Business

    03 LIFE BUSINESS © Copyright Allianz Malaysia Berhad 19

  20. Slide 20: Life Business: Strategic Execution, Tangible Results

    LIFE BUSINESS: STRATEGIC EXECUTION, TANGIBLE RESULTS 1 11.2% 8.7% Market Share Company Market Share ANP Growth Outperformance (+0.2% vs 12M 2025) (+8.1pts above LY growth) Maintained growth momentum 2 8 Process Optimisation 248.4mn ▪ Agency – Promote new medical Fast Start Distribution ALU E DRIVER

  21. Slide 21: Life Business: Comments

    LIFE BUSINESS Comments Gross written premiums Product mix • Gross written premiums grew by 16.0% with growth from • Remain focused on sales of investment-linked products with Bancassurance (+77.5%) and Employee Benefit (+22.2%). protection rider which provides higher margins but to also cater for de

  22. Slide 22: Life Business: Growth Driven by Single and Recurring Premium

    LIFE BUSINESS: GROWTH DRIVEN BY SINGLE PREMIUM AND RECURRING PREMIUM Gross Written Premiums (“GWP”) (RM’mil) GWP Mix & Growth (%) (6M 2026) +16.0% Mix Single 2,363.5 Premium 27.2% 1,220.8 2,038.1 1,142.7 Total 2,363.5 1,030.8 1,007.3 Recurring Premium 72.8% 856.9 863.7 Growth 806.4 863.5 363.9 224.4

  23. Slide 23: Life Business: Higher PBT

    LIFE BUSINESS: HIGHER PBT DUE TO HIGHER NET INSURANCE AND INVESTMENT RESULTS Profit Before Tax (RM’mil) PBT Drivers (RM’mil) +14.4% 10.8 294.0 26.1 257.1 294.0 257.1 166.0 6M 25 Insurance Insurance … Net investment 6M26 6M 26 126.9 130.2 128.0 service expenses… 6M 25 Net investment results and other

  24. Slide 24: Life Business: Growth in ANP from Bancassurance and Employee Benefits

    LIFE BUSINESS: GROWTH IN ANP CONTRIBUTED BY BANCASSURANCE AND EMPLOYEE BENEFITS Annualised New Premiums (“ANP”) (RM’mil) ANP Channel Mix (%) (6M 2026) +8.7% 487.6 448.4 263.1 234.9 27.0 Bancassurance/Direct 224.5 Marketing 213.5 13.1 37.2% 15.1 20.9 66.4 83.1 Growth +18.0% 98.2 Total 87.2 487.6 Agen

  25. Slide 25: 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 2026) Q1 +45.2% +1.3% Q2 -28.4% By ANP By Policy Count Traditional 260.8 524.8 264.2 10.6% Traditional IL: Q

  26. Slide 26: 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) +4.0% +20.5% 1,580.3 335.6 349.0 1,311.0 181.3 183.0 814.9 166.0 765.4 154.3 672.5 638.5 1Q 25 2Q 25 1Q 26 2Q 26 1Q 25 2Q 25 1Q 26 2Q 26 © Copyright Allianz Ma

  27. Slide 27: Life Business: CSM Growth Solid at 2.1%

    LIFE BUSINESS: CSM GROWTH SOLID AT 2.1% Contractual Service Margin (RM’mil) +2.1% 94.5 303.5 1 CSM (net) 2,518.4 (58.4) 3,804.1 Reinsurance 156.7 3,725.3 (260.8) Non-attributable cost 333.7 Tax 795.3 CSM (gross) 3,804.1 VNB (6M 26) 248.42 + Non-attr. Cost 61.9 - Scope / other (6.8) = New business @

  28. Slide 28: Life Business: Higher Investment Income from Fair Value Gains

    LIFE BUSINESS: HIGHER INVESTMENT INCOME DRIVEN BY FAIR VALUE GAINS FROM FAVOURABLE MARKET CONDITION Investment Income by funds Portfolio Mix and Investment Yield (LF) (%) (RM’mil) Investment Yield Portfolio Mix (Annualised) >100% Cash Others 6.9% 0.4% Equities 480.4 7.0% Govt Bonds 58.9% 89.8 Total

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

    LIFE BUSINESS: FINANCIAL RESULTS AT A GLANCE RM’mil 6M 2025 6M 2026 26/25 % Insurance revenue 1,300.4 1,416.9 9.0% - Release contractual service margin 245.2 260.8 6.4% - Release of expected cash flows, risk adjustments and others 1,055.2 1,156.1 9.6% Claims and benefits (673.5) (760.2) 12.9% Acqui

  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

Allianz Malaysia Berhad — Q2 2026 Earnings Presentation on 6ix