Syarikat Takaful Malaysia Keluarga Bhd, the first takaful operator in Malaysia, posted a record-breaking operating revenue of RM3,764.5mil for the financial year ending Dec 31, 2022 – higher by 18% compared to RM3,179mil in the same period of the preceding year.
The group’s operating revenue increase was mainly attributable to higher sales from the family takaful and general takaful businesses.
Takaful Malaysia Keluarga’s gross contributions rose by 19% to RM3,333.5mil from RM2,797.7mil recorded in 2021, while profit before zakat and tax (PBZT) for the year under review increased by 14% to RM500mil compared to RM438.7mil in the previous financial year. The increase in the Group’s PBZT was mainly due to higher net wakalah fee income.
The group’s family takaful business generated gross earned contributions of RM2,176.9mil for the financial year ending Dec 31, 2022 – higher by 15% compared to RM1,887.4mil in 2021, attributable to higher sales from credit-related products.
The group’s general takaful business recorded gross earned contributions of RM1,025.5mil for the year under review – higher by 17% compared to RM878.7mil in the same period of the preceding year, mainly attributable to the fire and motor class of business.
