KUALA LUMPUR: Manulife Holdings Bhd
has outperformed the market despite industry declines, recording a growth of 1.3% in 2022 against the previous year.
In a statement, Manulife said its bancassurance recorded 17% annualised premium equivalent (APE) growth despite the market shrinking by 7%, while Manulife Labuan recorded 21% year-on-year (YoY) APE growth. Its agency force grew 11% YoY.
“At Manulife, we are committed to helping the people of Malaysia secure a better financial future,” group chief executive officer Vibha Coburn said.
“Our customers have always been at the core of what we do, and through our solutions and services, we have the opportunity to make the lives of everyday Malaysians better,” she added.
...