Allianz Asia Pacific has reported a strong performance for the first half of 2026, with operating profit, excluding India, increasing by 11.4% to EUR 455m. This growth was driven by significant gains in both the Life & Health and Property & Casualty segments, which rose by 6.4% and 35.0% respectively.
The company’s New Business Value (NBV) also saw a 3.9% increase to EUR 396m, with notable contributions from China, Indonesia, and Malaysia. The Property & Casualty business volume grew by 13.6% to EUR 1.3b, bolstered by impressive growth in Singapore and Malaysia.
Key strategic moves included Allianz’s agreement to acquire HSBC Life in Singapore, a step that underscores its commitment to the region’s insurance and financial sectors. Partnership distribution saw a 12% rise in NBV, particularly strong in China, Malaysia, and Indonesia.
Regional CEO Anusha Thavarajah highlighted the disciplined execution of Allianz’s strategy, stating, “Our strong first-half results reflect the progress we are making across Asia and the disciplined execution of our strategy.”
The company also emphasised its social impact initiatives, being recognised as a Company of Good by Singapore’s National Volunteer & Philanthropy Centre. Allianz’s commitment to inclusion is further demonstrated through its MoveNow Mentoring Programme and support for Paralympic Day 2026.
Looking ahead, Allianz’s acquisition of HSBC Life is expected to close in the first half of 2027, pending regulatory approvals, marking a significant investment in Singapore’s financial landscape.
