Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 29, 2015 4:38 AM ET

Insurance

Company Overview of AXA Affin General Insurance Berhad

Company Overview

AXA Affin General Insurance Berhad provides protection solutions to individuals and businesses worldwide. It offers services ranging from financial protection to wealth management to property and liability protection aspects. The company provides car/motor, health, personal, business, home/household, commercial, accidental and travel, life, safety, savings, medical and retirement, and general insurance products, as well as marine and trade credit insurance, and claim options. It serves customers through a network of agents. The company was incorporated in 1975 and is based in Kuala Lumpur, Malaysia with additional offices in Malaysia.

Ground Floor

Wisma Boustead

71 Jalan Raja Chulan

Kuala Lumpur,  50200

Malaysia

Founded in 1975

Phone:

60 3 2170 8282

Fax:

60 3 2031 7282

Key Executives for AXA Affin General Insurance Berhad

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Axa Asia
Chief Executive Officer of AXA AFFIN Life Insurance Berhad
Compensation as of Fiscal Year 2015.

AXA Affin General Insurance Berhad Key Developments

AXA Affin General Insurance Berhad Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

AXA Affin General Insurance Berhad reported a higher pre-tax profit of MYR 50.7 million for the current financial quarter as compared to MYR 35.0 million for the preceding year's corresponding quarter. For the half-year ended 30 June 2015, AAGI also reported a higher pre-tax profit of MYR 71.5 million as compared to MYR 49.7 million achieved in the previous year. The improved performance was mainly due to higher earned premium of MYR 92.1 million attributable to health and motor businesses as well as higher investment income of MYR 7.0 million for the financial period under review. These were however partially offset by the increase in net claims, overhead expenses and net commission incurred of MYR 51.3 million, MYR 16.8 million and MYR 6.8 million respectively. Included in the share of results in AAGI of MYR 18.0 million for the period under review was an adjustment of MYR 0.5 million on under-recognition of Group's share of profit for the previous financial year.

AXA Affin General Insurance Berhad Announces Unaudited Earnings Results for the Second Quarter and Half Year Ended June 30, 2014

AXA Affin General Insurance Berhad announced unaudited earnings results for the second quarter and half year ended June 30, 2014. For the quarter, the company reported a higher pre-tax profit of MYR 35 million compared to MYR 21.4 million for the preceding year's corresponding quarter. For the half year, the company reported pre-tax profit of MYR 49.7 million compared to MYR 23.9 million achieved in the previous year. The improved performance was mainly due to higher earned premium of MYR 87.6 million attributable to health and motor businesses as well as higher investment income of MYR 6.5 million for the period under review. These were partially offset by the increase in net claims, overhead expenses and net commission incurred of MYR 45.2 million, MYR 14.4 million and MYR 10.7 million respectively.

AXA Affin Mulls Acquisitions

AXA Affin General Insurance Berhad is seeking acquisition opportunities. Emmanuel Nivet, AXA Affin Chief Executive Officer, said that their business partners are the heart of their business and AXA Affin relies heavily on them in acquiring new business opportunities.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AXA Affin General Insurance Berhad, please visit www.axa.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.