PETALING JAYA: Syarikat Takaful Malaysia Keluarga Bhd
(STMB) remains well-positioned to fund its growth initiatives and sustain dividend payouts throughout Bank Negara Malaysia’s regulatory risk-based capital framework 2 transitions, according to Hong Leong Investment Bank (HLIB) Research.
This will be supported by a robust capital adequacy ratio exceeding 200%, predictable 15% blended annual contractual service margin (CSM) releases and strict cost discipline.
In a note to clients, HLIB Research said that STMB is focused on diversifying away from its historically credit-heavy Family Takaful franchise, with regular contribution business emerging as the next growth pillar.
The annualised premium equivalent (APE) market share stood at 14.1% in 2025, driven by stronger bancatakaful penetration, while regular contribution APE reached RM142mil last year.
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