Takaful Malaysia 3Q Net Profit Rises To RM115.42 Mln On Lower Claims

KUALA LUMPUR, Nov 25 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) posted a higher net profit of RM115.42 million for the third quarter ended Sept 30, 2025 (3Q 2025), up from RM100.65 million a year ago, mainly due to lower claims incurred.

In a filing with Bursa Malaysia, the insurance company said, however, that group revenue for 3Q 2025 eased to RM1.05 billion from RM1.12 billion a year earlier.

“The group recorded takaful revenue of RM902.8 million for 3Q 2025, a decrease of RM73.2 million compared to RM976.0 million in the same period last year. The decrease was mainly due to lower amounts charged for Takaful coverage and lower profit in the short-term business for the Family Takaful business,” it said.

For the nine-month period, the group recorded a slightly lower net profit of RM293.78 million, compared with RM296.05 million a year ago.

Revenue, however, rose to RM3.19 billion from RM3.07 billion, driven by higher contributions for Takaful coverage, particularly from growth in the credit protection business, as well as a higher contractual service margin.

“Our 3Q results are encouraging, and we believe that we are the preferred Takaful provider for customers, with our pioneer status lending strength to our brand and affirming customers’ trust in our products and services.

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“Our long-term strategies will continue to emphasise innovation and customer relevance – our products are designed to serve customer needs, providing value for money, with relevant protection merits,” Takaful Malaysia said.

On the domestic front, with initiatives introduced by the government such as Sumbangan Asas Rahmah (SARA) and the targeted fuel subsidy scheme (BUDI95), Takaful Malaysia expects demand for Takaful and insurance to remain strong, with protection gaps continuing to be a focus for industry players.

“We expect to play a market-leading role in the Takaful market, both for Family and General Takaful,” it added.

The group also remains committed to growing its business responsibly while advancing its sustainability and environmental priorities.

“Our approach to sustainability is comprehensive, guided by strong governance, environmental stewardship, responsible investment practices and meaningful social contributions. Through these initiatives, we continue to support a more sustainable future for all stakeholders,” it said.

In line with regulatory requirements, the group is developing its implementation roadmap towards full compliance with the newly announced National Sustainability Reporting Framework by 2027.

-- BERNAMA

TAGS: Takaful, result, net profit, revenue, Bursa Malaysia, corporate

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