MNRB's Net Profit Surges To Record High Of RM168.43 Mln In 1Q FY2026

KUALA LUMPUR, Aug 14 (Bernama) -- MNRB Holdings Bhd posted a record-high net profit of RM168.43 million for the first quarter ended June 30, 2025 (1Q FY2026), up 82.7 per cent from RM92.20 million in the same quarter last year.

The strong performance was driven by robust insurance/takaful revenue growth and favourable claims experience, particularly in the reinsurance and retakaful segments, the group said in a statement today.

Group's revenue rose to RM975.56 million compared to RM857.58 million previously, underpinned by solid contributions from the reinsurance and general takaful businesses.

Interim president and chief executive officer, Datuk Rudy Rodzila Che Lamin said the group’s insurance/takaful service result surged 223.5 per cent, supported by strong revenue growth.

He noted that the combined ratio was another key financial highlight, continuing its positive trajectory and improving to 73 per cent from 90.1 per cent, driven by lower net incurred claims and attributable expenses.

"The improvement reflects more favourable claims experience, particularly within the reinsurance segment, indicating enhanced underwriting discipline and risk diversification. These results affirm our transformation efforts and focus on long-term value accretion.

“We remain committed to executing key initiatives to strengthen and expand our market presence and distribution channels, enhance operational efficiency, and advance talent development," he said.

MNRB said the group recorded investment results of RM165 million in 1Q FY2026, up 23.5 per cent from RM133.6 million in the same period last year.

The strong quarterly performance lifted annualised return on equity (ROE) to 17.8 per cent, compared to 11.1 per cent in 1Q FY2025, underscoring enhanced capital productivity and shareholder value creation, it said

According to the group, its reinsurance/retakaful arm, Malaysian Reinsurance Bhd (Malaysian Re), delivered its highest-ever 1Q profit after tax (PAT) of RM112.1 million, a 30.3 per cent increase from RM86.1 million in 1Q FY2025.

Malaysian Re’s insurance/takaful revenue grew 10.1 per cent to RM539.1 million from RM489.6 million, driven by family retakaful portfolios as well as managing general agent (MGA) and specialty lines of business.

Meanwhile, the takaful segments, Takaful Ikhlas General Bhd and Takaful Ikhlas Family Bhd, collectively known as Takaful Ikhlas, posted a combined PAT of RM23.9 million, up 43.1 per cent from RM16.7 million in 1Q FY2025

Takaful Ikhlas General's revenue jumped 42.3 per cent to RM267.5 million from RM188 million a year earlier, fuelled by continued expansion in the motor portfolio and strong agency channel contribution.

Takaful Ikhlas Family's revenue grew 13.7 per cent to RM91 million from RM80 million, supported by credit-related and single-contribution businesses through its bancatakaful and corporate channels.

On prospects, MNRB said its retakaful/reinsurance business will remain focused on pursuing geographic and risk diversification in profitable markets.

"While the general takaful business continues to expand its presence in the motor takaful segment, greater emphasis will be placed on accelerating growth in the non-motor segment.

"At the same time, the family takaful business will focus on growing its agency force and enhancing agent productivity through targeted development initiatives and retention strategies," it added.

-- BERNAMA