Page 75 - LIAM Annual Report 2021
P. 75
AnnuAl RepoRt 2021 73
PERFoRmancE oF thE liFE insuRancE industRy
liFE insuRancE BusinEss (2017-2021)
incomE
Premium income Net investment income Profit on sale of assets and miscellaneous income
2020 Rm million 2021 Rm million
9.0%
18.4%
65.0%
72.2%
16.5% Total 18.9% Total
Rm 59,661.8 Rm 56,099.9
million million
Premium income: 38,791.8 Premium income: 40,484.5
Net investment income: 9,870.4 Net investment income: 10,576.1
Profit on sale of assets and miscellaneous income: 10,999.6 Profit on sale of assets and miscellaneous income: 5,039.3
outgo (ExPEndituRE)
Net policy benefits Agency remuneration Management expenses Loss on disposal of assets and other outgo
2020 Rm million 2021 Rm million
17.7%
62.5%
26.2% 54.1%
8.8% Total Total
Rm 41,271.9 Rm 46,359.5
million million
8.3%
11.0%
11.4%
Net policy benefits: 25,774.4 Net policy benefits: 25,093.9
Agency remuneration: 4,549.3 Agency remuneration: 5,285.3
Management expenses: 3,632.6 Management expenses: 3,836.5
Loss on disposal of assets and other outgo: 7,315.6 Loss on disposal of assets and other outgo: 12,143.8
* Source: Bank Negara Malaysia - Monthly Highlights and Statistics January 2022
