Malayan Banking Berhad Financial Analysis
Income Statement for Insurance and Takaful Business
RM million
FY2022
FY2021
YOY
4QFY2022
Net interest income
Net earned premiums
Other operating income
1,501.5
1,375.9
9.1%
8,977.6
8,846.8
1.5%
409.8
2,094.1
359.9
3QFY2022 2QFY2022 1QFY2022
383.1
QoQ
348.7
7.0%
2,259.0
2,268.5
2,356.1
(7.3)%
(1,326.2)
(562.4)
> 100%
502.6
(396.3)
(1,026.3)
(406.1)
(>100)%
Total operating income
9,152.9
9,660.4
(5.3)%
3,006.5
2,245.7
1,602.0
2,298.7
33.9%
Net insurance benefits & claims incurred, net fee &
commission expenses, change in expense liabilities and life &
(7,524.9)
(7,752.2)
(2.9)%
(2,531.5)
(1,926.8)
(1,161.9)
(1,904.7)
31.4%
takaful fund tax
Net operating income
1,627.9
1,908.2
Overhead expenses
(1,041.8)
(999.1)
(14.7)%
4.3%
474.9
318.9
440.1
394.0
48.9%
(275.0)
(248.1)
(233.7)
(285.0)
10.8%
PPOP
Net impairment losses
Operating profit
586.1
(114.0)
472.2
909.0
30.9
939.9
(35.5)%
200.0
70.8
206.4
109.0
(>100)%
(1.5)
5.4
(22.0)
(95.9)
> 100%
(>100)%
(49.8)%
198.5
76.2
184.4
13.1
> 100%
Reconciliation of net insurance benefits & claims incurred, net fee & commission expenses, change in expense liabilities and life & takaful fund tax
RM million
FY2022
FY2021
YOY
4QFY2022 3QFY2022 2QFY2022
1QFY2022
QoQ
Net insurance benefits & claims incurred, net fee &
commission expenses, change in expense liabilities and life &
takaful fund tax
(7,524.9)
(7,752.2)
(2.9)%
(2,531.5) (1,926.8) (1,161.9)
(1,904.7)
31.4%
Less: intercompany elimination
289.0
276.5
4.5%
67.3
72.3
75.6
73.7
(6.8)%
Total net insurance benefits & claims incurred, net fee &
commission expenses, change in expense liabilities and life
& takaful fund tax
(7,236.0)
(7,475.7)
(3.2)%
(2,464.2)
(1,854.5) (1,086.3) (1,830.9) 32.9%
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