Takaful Malaysia Net Profit Rises To RM100.97 Mln In 1Q FY2026
KUALA LUMPUR, May 28 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd's net profit rose to RM100.97 million in the first quarter ended March 31, 2026 (1Q FY2026) from RM94.53 million in the same quarter last year, attributable to higher Takaful service results.
The company's revenue for the period fell 0.4 per cent to RM976.96 million from RM980.61 million last year, the takaful operator said in a Bursa Malaysia filing.
“The group recorded revenue of RM977.0 million for 1Q, from RM980.61 million in the same period last year," it said, adding that revenue comprises short-term release of RM533.1 million, release amounts charged for takaful coverage of RM368.4 million and contractual service margin (CSM) release of RM72.0 million.
Its General Takaful segment recorded a 14.2 per cent increase in takaful revenue to RM392.2 million for the quarter, compared with RM343.5 million in the same period last year, supported by higher contributions from the Motor and Fire Takaful segments.
Meanwhile, the Family Takaful segment generated takaful revenue of RM568.2 million in 1Q, down 6.6 per cent from the corresponding period last year, due to a lower amount charged for takaful coverage.
On prospects, Takaful Malaysia said that as takaful and insurance protection gaps in Malaysia remain substantial, industry growth prospects remained favourable.
Protection features are important for customer service in the industry, but price and value are increasingly central to purchasing decisions, said Takaful Malaysia.
"The group remained confident in the industry’s prospects and retained focus on delivering our strategic objectives, which will ensure that we remain market leaders in both the Family and General Takaful segments.
"With the widespread attention on inflation, we strongly believe that our products’ pricing and protection features prioritise value to our customers," it said.
The group also remains committed to growing its business responsibly while advancing its sustainability and environmental priorities, guided by its key pillars of strong governance, environmental stewardship, responsible investment practices and meaningful social contributions.
-- BERNAMA