9M FY2023 Financial Performance

Overall Group Insurance & Takaful Net Operating Income and Profit Before Tax Improved Group Insurance & Takaful Net Operating Income (RM billion) 3Q FY2022 (0.12) 0.14 0.03 9M FY2022 (0.33)0.45 0.12 2Q FY2023 0.21 0.12 0.33 9M FY2023 0.30 0.45 0.75 3Q FY2023 (0.03) 0.18 0.15 Profit Before Tax (RM billion) 3Q FY2022 (0.14) 0.11 (0.03) 9M FY2022 (0.51) 0.31 (0.20) 2Q FY2023 0.18 0.07 0.25 9M FY2023 0.37 0.27 0.65 3Q FY2023 0.04 0.11 0.16 ■Life and Family Takaful General Takaful & General Business % change Net Operating Income Profit Before Tax 3Q FY2023 (QoQ) (53.4)% (37.1)% 3Q FY2023 (YoY) > 100% (>100)% 9M FY2023 (YoY) ▲ >100% > (100)% Key Drivers 9M FY2023 insurance & takaful net operating income (NOI) rose to RM0.75 billion from RM0.12 billion as: o Life and Family Takaful NOI was RM0.30 billion on higher profit/interest income, unrealised gains from equities and fixed incomes portfolio vs a loss of RM0.33 billion the year before due to unrealised loss and lower losses from fixed income disposal, mitigated by lower Takaful Service Results due to claims incurred 。 Meanwhile, General and General Takaful NOI remained the same due to higher profit/interest incomes and fair value gain from equities portfolio compared to losses in the previous period, mitigated by lower Takaful Service Results from higher net claims 9M FY2023 profit before tax grew to RM0.65 billion (9M FY2022: -RM0.20 billion) as profit before tax for Life and Family Takaful improved due to positive impact from yield curve movement compared to negative impact from yield curve movement last year QoQ, 3Q FY2023 insurance & takaful NOI reduced by half to RM0.15 billion: 。 As Life and Family Takaful NOI reduced to a loss of RM0.03 billion on higher net fair value loss on financial assets measured at FVTPL and FVOCI coupled with lower Insurance Service Results due to losses on onerous contract 。 Meanwhile, General and General Takaful NOI grew to RM0.18 billion from RM0.12 billion on higher Insurance/Takaful Results due to lower claims coupled with higher net fair value gain on financial assets measured at FVPTL *Restated 3Q FY2022 and 9M FY2022 comparative information as MFRS 17 has replaced MFRS 4 Insurance Contracts for annual periods on or after 1 January 2023 13

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