9M FY2023 Financial Performance
Insurance and Takaful: Performance Overview
Net Adjusted Premium/Contribution
Life & Family (New Business) Market Share (Malaysia)
eTiQa
Single Premium
Regular Premium
(67.9)%
6.6%
Credit Premium
11.0%
Group Premium
99.3%
Total Life & Family
Fire
(9.0)%
Motor
8.9%
MAT
3.1%
Personal Accident
13.7%
Misc
15.6%
Total General
7.4%
Total Net Adjusted Premium
RM Million
0
1,000
2,000
3,000
4.7%
9M FY2022
9M FY2023
4,000
5.9%
5,000
6,000
*Net Adjusted Premium (NAP) = Life/Family Adjusted Premium (100% Regular Premium +10%
Single Premium/Credit/Group) + Net Written Premium (General)
RM million
(197.8)
19.1%
19.6%
19.3%
19.4%
17.9%
16.5%
16.8%
18.5%
No. 3
10.9%
11.3%
12.6%
11.6%
in Life/Family
13.1%
12.5%
11.9%
11.6%
(New Business)
2020
2021
2022
2023
ΠΑΙΑ
GE
Etiqa
■Prudential
General Insurance and Takaful Market Share (Malaysia)
14.3%
13.7%
15.5%
16.0%
10.9%
11.1%
11.1%
10.8%
No. 1
9.5%
9.9%
9.5%
9.0%
in General Insurance
10.4%
9.9%
9.3%
8.5%
and Takaful
(Gross Premium)
2020
2021
2022
2023
■ Etiqa
Allianz
Generali
Liberty
Note: Market Share is for period Jul-Jun of every year (Source: LIAM / ISM Statistics)
Profit Before Tax
>100% YoY
645.4
9M FY2022
Restated
9M FY2023
Note: Profit Before Tax is based on IFRS 17 (before zerorisation of Head Office expenses)
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