Allianz Malaysia chief executive officer Sean Wang.
KUALA LUMPUR: Allianz Malaysia Bhd
has declared a second interim single tier dividends for the financial year ending on Dec 31, 2023 (FY23), amounting to 69.0 sen per ordinary share and 82.8 sen per irredeemable convertible preference share (ICPS).
In a statement, the insurer said the dividend announcement comes after its robust financial performance in the third quarter (3Q) of the 2023 financial year, reaffirming its position as a leading insurance and financial services provider in Malaysia.
Allianz announced a first interim single tier dividend of 31.5 sen for Ordinary Share and 37.8 sen for ICPS in May 2023.
“The ordinary share dividend of 100.5 sen represents Allianz Malaysia’s highest ever for a full financial year, surpassing 85.0 sen from FY22. ICPS also rose 120.6 sen to reach its highest ever total dividend following 102.0 sen for the FY22,” it said.
Chief executive officer Sean Wang said the focus for last year had been on profitable growth, and that has very much become the theme of 2023.
“As of Q3, the top-line had shown tremendous results, but the bottom-line had accompanied this trend and even surpassed it in some instances.
"Our strong emphasis on technical excellence has allowed us to build on the profit margin, and we are extremely pleased to be able to announce our dividends to shareholders who have continued to place their commitment and trust in us,” he said.
