This study investigates the association between women's land ownership within households and household income diversification in rural communities in Malawi in 1995, a period when households faced several welfare shocks due to weather and policy changes. Evidence suggests that diversification is positively associated with greater resilience of poor rural households, particularly when the diversification is in activities outside of agriculture. While studies have explored the relationship between household asset ownership and income diversification, little is known about the gender dimensions underlying these patterns, including the relationship between men and women's asset ownership and household diversification. Using a unique data set with detailed information on household income sources and individual-level information on land ownership, our study finds that in households where women own at least a small amount of land benefit by having a greater household total income diversification. Additionally, while the number of income sources is similar for couple households and female-headed households after controlling for diverse factors, the types of activities differ between the two. The findings suggest that promoting female land ownership in Malawi could indirectly contribute to households' greater security in the face of unfavourable conditions via household diversification of income sources.