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The Sun
25-05-2025
- Automotive
- The Sun
Allianz Malaysia starts FY25 on strong note as insurance revenue, gross written premiums and assets grow
PETALING JAYA: Allianz Malaysia Bhd recorded insurance revenue of RM1.53 billion for the first quarter ended March 31, 2025, an increase of 14.3% over the RM1.34 billion recorded in the same quarter a year ago. Gross written premiums (GWP) for the first three months of the year rose to RM2.01 billion from RM1.90 billion the year before. The group's total assets as at March 31, 2025 stood at RM28.59 billion compared to RM28.49 billion as at Dec 31, 2024. 'We started the year strong, sustaining the momentum from the previous year with both our life and general subsidiaries growing strongly. Going into the second quarter and beyond, we remain focused on driving key initiatives to fulfil the needs of our customers and agents, while staying agile and adaptable in growing the business. We are also constantly striving to be the trusted partner for protecting and growing our customers' most valuable assets,' said Allianz Malaysia CEO Sean Wang. The general insurance subsidiary of the group, Allianz General Insurance Company (Malaysia) Bhd, recorded RM978 million in GWP for the quarter in focus, reflecting a 10.6% increase from RM884.6 million a year earlier. The general insurance segment posted insurance revenue of RM862.5 million in the first three months of 2025, an increase of 14.3% from RM754.8 million the year before. Profit before tax (PBT) stood at RM159.7 million, up 20.7% from RM132.3 million recorded the year prior. Allianz General maintained its pole position in the industry with a market share of 14.9%, mainly driven by strong motor and commercial growth. Combined ratio for the first quarter of 2025 improved to 85.8%, compared to 87% in the same quarter last year. 'We saw robust growth in our motor and commercial business over the January to March 2025 period, which strengthened our market leadership and deepened our commitment towards providing the best services to our customers,' said Wang, who is also CEO of Allianz General. The group's life insurance subsidiary, Allianz Life Insurance Malaysia Bhd, saw GWP grow to RM1.03 billion in the first quarter of 2025, from RM1.02 billion a year ago. Annualised new premiums came in at RM213.5 million for the quarter in review, following the RM234.8 million posted in the previous year. PBT rose to RM126.9 million, up 3.8% from RM122.3 million recorded in the corresponding quarter of 2024. Allianz Life's market share as at March 31, 2025 stood at 11.8%, with the company retaining its number four rank in the industry. 'We put our best foot forward and came out strong in the first three months of the year amid industry challenges. We delivered resilient results as a result of our continuous efforts to provide the best-in-class products and services to our customers,' stated Allianz Life CEO Charles Ong.
Yahoo
27-03-2025
- Business
- Yahoo
When Should You Buy Unisem (M) Berhad (KLSE:UNISEM)?
Unisem (M) Berhad (KLSE:UNISEM), is not the largest company out there, but it saw significant share price movement during recent months on the KLSE, rising to highs of RM3.04 and falling to the lows of RM1.90. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Unisem (M) Berhad's current trading price of RM1.98 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Unisem (M) Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Unisem (M) Berhad is currently expensive based on our price multiple model, where we look at the company's price-to-earnings ratio in comparison to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 52.65x is currently well-above the industry average of 31.87x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that Unisem (M) Berhad's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for Unisem (M) Berhad Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. Unisem (M) Berhad's earnings over the next few years are expected to double, indicating a very optimistic future ahead. This should lead to stronger cash flows, feeding into a higher share value. Are you a shareholder? It seems like the market has well and truly priced in UNISEM's positive outlook, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe UNISEM should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed. Are you a potential investor? If you've been keeping tabs on UNISEM for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for UNISEM, which means it's worth diving deeper into other factors in order to take advantage of the next price drop. If you want to dive deeper into Unisem (M) Berhad, you'd also look into what risks it is currently facing. Be aware that Unisem (M) Berhad is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant... If you are no longer interested in Unisem (M) Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
