Allianz Malaysia’s 1Q net profit falls 20.4% to RM63.26m, dragged by life insurance segment

Allianz Malaysia Bhd’s net profit for the first quarter ended March 31, 2021 (1QFY21) fell 20.43% to RM63.26 million, from RM79.5 million a year ago, due mainly to lower profit contribution from the life insurance segment.