Allianz Ayudhya Q2/67 Life insurance premiums total up 11%, non-life insurance up 6%
Mr. Thomas Wilson, President and Chief Executive Officer
Allianz Ayudhya Q2 2567 Life insurance business creates new business value, grows by 14%, total premiums grow by 11%, insurance business, total premiums grow by 6%, ready to join forces to move forward to build a strong brand, aiming to create balanced income from all channels
Mr. Thomas Wilson, President and Chief Executive Officer Allianz Ayudhya Life Assurance Public Company Limited Revealing the second quarter performance of Allianz Ayudhya Life Insurance, there were total premiums written at 2 million baht, growing 19,249% compared to the same period last year.
While the first-year premiums grew by 28% to 4,580 million baht, of which 1,542 million baht came from the agent channel, 2,272 million baht from the bank sales channel, 641 million baht from the direct sales channel, and 125 million baht from other channels.
Mr. Lars Haibutski, President and Chief Executive Officer
side Mr. Lars Heibutski, President and Chief Executive Officer, Allianz Ayudhya Insurance Public Company Limited. It said that in the second quarter of 2, Allianz had a total premium value of 2567 million baht, with health insurance products growing by 6,073% to 6 million baht, motor insurance growing by 2,284%, premium value of 10 million baht, and property and casualty insurance growing by 1,705%, premium value of 4 billion baht.
“From the growth figures in all businesses, it reflects the efficient business strategy, along with the introduction of products that meet the needs of Thai people in both life and non-life insurance, which will drive the business to reach the goal of achieving the total premiums of the life insurance business at 4.1 billion baht and the total premiums of the insurance business at 1.2 billion baht, along with pushing the Allianz Ayudhya brand to maintain its position as the leader in the health insurance business for Thai people.”
Meanwhile, Allianz Group, the major shareholder of Allianz Ayudhya Life Assurance PCL, reported its Q2 results, with strong performance in the first 6 months of this year. Total revenue increased by 6.4% compared to the same period last year to 9.1 billion euros (or approximately 3.6 trillion baht), with operating profit at 7.9 billion euros (or approximately 3.14 billion baht), an increase of 5.3%, driven by all business groups. The life/health insurance group grew in many regions.
In the asset management group, revenue growth from assets under management was the main driver of growth, while the property and casualty insurance business benefited from strong growth and underlying asset performance. The Solvency II capital ratio stood at 206 percent at end-Q2 2567, compared to 203 percent at end-Q2567 XNUMX.
Exchange rate as of 28 June 2567: 1 euro = 39.75 baht
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