Since ALLIANZ released the latest annual report few days ago,
of course I must have a look at it.
First,
let's look at the past 5 years performance:
good.
As for Profit Before Tax:
The profit improved a lot for the past two years.
Well,
as for below,
I think is better look at the Diluted EPS instead of the basic EPS....
The dividend also grew a lot for the past two years.
According to Chairman's statement,
The growth was mainly from Life insurance segment:
Let's look at the performance of General Insurance and Life Insurance separately:
The profit improved a lot.
ALLIANZ still the market leader in General Insurance market,
the market share is 12.3%:
Next,
the Life Insurance sgement:
The profit improvement is excellent.
The market share of ALLIANZ in life insurance market is 8.5% :
Ranking as the fifth only.
Year 2019 also marked the 7th year of partnership with HSBC Malaysia,
the ANP from HSBC grew by 35.2% last year:
no wonder the result of Life Insurance was so good.
Here also talked about how fast the company proceed and issued a policy:
The brand of ALLIANZ is actually grew in value:
That's all for the important points of latest annual report and quarter report,
if you feel like something is lacking,
feel free to go to BURSA website to download and read it.
As for is it worthy to invest at ALLIANZ?
Like what I said before,
it depends on what will happen after applying the new MFRS17 accounting standard soon.
Investment is about doing own thinking, making own decision.
Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
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