Record profit for Etiqa Group

Etiqa Group Insurance & Takaful posted record profit before tax of MYR1.1 billion for the financial year ended Dec 31, 2017 as it retained its top position in the general insurance and general takaful segment.

Etiqa, has said this was an 18.5 percent increase from the MYR855 million in FY16.

“The group affirmed its strength and leadership in the industry with total assets of MYR34.47 billion, total combined gross premium and contribution of MYR6.2 billion, and investment income of MYR1.23 billion,” it said.

Etiqa retained its top position in the general insurance and general Takaful segment with 11.8 percent market share and fourth position in the life/family (new business) segment with 8.9 percent market share for the Malaysian market.

The CEO of Etiqa Group Insurance & Takaful, Kamaludin Ahmad said 2017 proved to be another successful years.