Financial Results Presentation
Unaudited Income Statement for Insurance and Takaful Business
RM million
Net interest income
1H
1H
FY2019 FY2018
YOY
2Q
1Q
FY2019 FY2019
QoQ
2Q
FY2018
YOY
Net earned premiums
Other operating income
Total operating income
634.3
559.0 13.5% 322.0
312.3
3,250.4 3,001.4 8.3% 1,623.8 1,626.5
1,096.5 (449.6) (>100)% 595.2
501.4
4,981.2 3,110.9 60.1% 2,541.0 2,440.2
3.1%
280.8
14.7%
(0.2)%
1,490.0
9.0%
18.7%
4.1%
(387.5) (>100)%
1,383.4 83.7%
Net insurance benefits & claims incurred, net fee
& commission expenses, change in expense
liabilities and life & takaful fund tax
(4,052.6) (2,486.4)
63.0%
(2,086.9) (1,965.7) 6.2% (1,058.2) 97.2%
Net operating income
Overhead expenses
PPOP
Net impairment losses
Operating profit
928.6
624.5
(459.7)
(395.7)
468.9
228.8
48.7%
16.2%
> 100%
(16.9)
452.1
8.0
236.8
(>100)%
90.9%
454.1
(239.9)
214.2
(7.4)
474.5 (4.3)%
(219.7) 9.2%
254.8 (15.9)% 124.8
(9.5) (21.9)% 3.4 (>100)%
206.8 245.3 (15.7)% 128.2 61.3%
325.2
39.6%
(200.4)
19.7%
71.6%
Reconciliation of net insurance benefits & claims incurred, net fee & commission expenses, change in expense liabilities
and life & takaful fund tax
RM million
Net insurance benefits & claims incurred, net fee!
& commission expenses, change in expense
liabilities and life & takaful fund tax
Less: intercompany elimination
Total net insurance benefits & claims incurred,
net fee & commission expenses, change in
expense liabilities and life & takaful fund tax
22
1H
1H
FY2019 FY2018
YOY
2Q
1Q
FY2019 FY2019
QoQ
2Q
FY2018
YOY
(4,052.6) (2,486.4)
63.0%
(2,086.9) (1,965.7)
6.2% (1,058.2) 97.2%
143.7
122.3
17.5%
72.5
71.2
1.9%
58.4
24.1%
(3,908.9) (2,364.2)
65.3%
(2,014.4) (1,894.5) 6.3%
(999.7) >100%
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