Above expectations. Allianz recorded 4QFY12/09 net profit of RM60.2m(+160.2% qoq, 193.7% yoy), bringing FY12/09 earnings to 147.6% and150.2% of our and consensus’ estimates respectively. The main variancewas due to higher-than-expected: 1) life and general insurance grosspremium growth; and 2) higher profit transfer from general and lifeinsurance.
Allianz Malaysia Berhad : Stronger Growth - 01/03/2010
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