Maybank Earnings Summary Q3 & 9M FY2020
Unaudited Income Statement for Insurance and Takaful Business
RM million
Net interest income
Net earned premiums
Other operating income
Total operating income
Net insurance benefits & claims incurred, net fee
& commission expenses, change in expense
liabilities and life & takaful fund tax
Net operating income
Overhead expenses
PPOP
Net impairment losses
Operating profit
9M
FY2020
942.1
961.8 (2.0)%
6,676.1 4,999.5 33.5%
732.1 1,593.2 (54.0)%
8,350.3 7,554.4 10.5%
9M
FY2019
YOY
3Q
2Q
FY2020 FY2020
QoQ
310.7
315.9 (1.6)%
2,990.3 1,740.9 71.8% 1,749.1 71.0%
509.9 1,016.9 (49.9)% 496.7 2.7%
3,810.9 3,073.7 24.0% 2,573.2
3Q
FY2019
327.4 (5.1)%
YOY
48.1%
(7,032.5) (6,204.4)
13.3%
(3,344.5) (2,519.9) 32.7% (2,151.8)
55.4%
630.8
(21.9)
608.9
1,317.8 1,350.0 (2.4)% 466.4
(687.0) (707.9) (2.9)% (224.8)
642.1 (1.8)% 241.6
(25.5) (14.4)% (9.0)
616.6 (1.2)% 232.6
553.8 (15.8)% 421.4
(222.2) 1.2% (248.2)
331.6
(27.1)%
(6.1) 48.4%
325.6 (28.6)% 164.5
10.7%
(9.5)%
173.2
39.5%
(8.7)
3.6%
41.4%
Reconciliation of net insurance benefits & claims incurred, net fee & commission expenses, change in expense liabilities
and life & takaful fund tax
RM million
9M
FY2020
9M
FY2019
YOY
3Q
2Q
FY2020 FY2020
QoQ
3Q
FY2019
YOY
Net insurance benefits & claims incurred, net fee!
& commission expenses, change in expense
liabilities and life & takaful fund tax
Less: intercompany elimination
(7,032.5) (6,204.4)
13.3%
(3,344.5) (2,519.9)
32.7%
(2,151.8) 55.4%
240.5
241.5
(0.4)%
107.7
50.6
>100%
97.8
10.1%
Total net insurance benefits & claims incurred,
net fee & commission expenses, change in
expense liabilities and life & takaful fund tax
25
(6,791.9) (5,962.9) 13.9% (3,236.9) (2,469.2)
31.1% (2,054.0) 57.6%
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