Corporate Profile

MAA Group Berhad (“MAAG”) is a Malaysian investment holding company listed on the Main Board of Bursa Malaysia.

MAAG has a long history, commencing operations as Malaysian American Assurance Company Berhad (“MAAB”) in 1968, which was principally engaged in General and Life insurance businesses. In 1985, MAAB changed its name to Malaysian Assurance Alliance Berhad (“MAA Assurance”).

MAAG (formerly known as MAA Holdings Berhad) was incorporated on November 4, 1998 under the Companies Act, 1965. It became the holding company of MAA Assurance and other non-insurance subsidiaries through a corporate restructuring exercise when the listing status of MAA Assurance was transferred to MAAG in 1999. In 2011, MAA Holdings Berhad became MAAG consequent to the sale of MAA Assurance to Zurich Insurance Company Limited ("Zurich Insurance").

For over 4 decades, through its subsidiaries and associate companies, MAAG was principally engaged in Conventional Life and General Insurance, Unit Trust, Family Takaful and General Takaful businesses, Asset Management, Trust Fund, Property Management and Services, Information Technology and Security Services. 

In June 2016, the Group disposed of its 75% stake in MAA Takaful Berhad (now known as Zurich Takaful Malaysia Berhad), a subsidiary engaged in Takaful business to Zurich Insurance. With this sale, the Group exited the local financial services sector regulated by Bank Negara Malaysia.

The Group has since remained an investment holding company. Presently, the Group’s significant business segments are General Insurance; via its subsidiary, MAA General Assurance Philippines, Inc. (“MAAGAP”) in the Philippines, and Education Services. The Group’s other segments are hire purchase, leasing, SME debt factoring and other credit facilities, advisory and consultancy services of hotel management, operators of hotel accommodation, food and beverage, operators of short-term property accommodation, logistics and dispatch, and the provision of property management, design and renovation services.

Notwithstanding the aforementioned business portfolio, the Group is currently engaged in an extensive search for new additional core business(es) to further diversify its income streams.