MNRB FY2026 Profit Soars To RM545.39 Mln, Sets New Earnings Benchmark
KUALA LUMPUR, May 21 (Bernama) -- MNRB Holdings Bhd’s net profit rose to RM545.39 million for the financial year ended March 31, 2026 (FY2026) from RM394.25 million in the preceding year.
Revenue also jumped 11 per cent to RM3.97 billion from RM3.58 billion in the previous financial year, driven by improved performance across its key business segments, namely General Takaful, Family Takaful and Retakaful.
In a filing with Bursa Malaysia, the reinsurer said the performance reflects the group’s continued business expansion and sustained market position, further supported by higher net investment income in line with the recovery in the Malaysian capital markets during the year.
“The General Takaful business delivered an impressive performance, with total revenue increasing by 31.8 per cent, or RM291.7 million, to RM1.20 billion from RM916.9 million in the prior year,” it said.
It noted that this strong growth was supported by sustained momentum in the motor and fire portfolios, reflecting the segment’s expanding market presence and continued demand across key product lines.
MNRB said its Family Takaful business also continued its upward trajectory, posting total revenue of RM730.3 million, an increase of RM137.8 million, or 23.3 per cent, from RM592.5 million.
This was due to stronger contributions from the group credit term and group hospitalisation portfolios, reflecting sustained demand for key group protection products.
Additionally, the group’s Retakaful business segment recorded total revenue of RM176.5 million, a substantial increase of RM51.9 million, or 41.7 per cent, from RM124.6 million in the prior year.
“The strong growth was primarily driven by higher takaful revenue, particularly from the family retakaful portfolio, in line with the segment’s ongoing business expansion,” it said.
For 4Q FY2026, MNRB posted a higher net profit of RM113.73 million, up from RM93.44 million in the corresponding quarter a year earlier, while revenue rose to RM1.10 billion from RM1.02 billion previously.
Meanwhile, in a separate statement, its interim president and group chief executive officer Datuk Rudy Rodzila Che Lamin said crossing the RM500 million profit threshold for the first time establishes a new earnings baseline for MNRB.
“The achievement reflects not a one-off outcome, but the result of deliberate efforts to strengthen underwriting discipline, deepen specialty capabilities and enhance the resilience of our core businesses across the reinsurance, retakaful and takaful segments.
“As the largest reinsurer in Southeast Asia by asset size, MNRB’s role extends beyond commercial performance,” he said.
Looking ahead, MNRB said it remains focused on strengthening the resilience and quality of its earnings through disciplined execution across its core businesses, while maintaining a deliberate focus on portfolio optimisation, capital deployment and operational enhancement, as well as sharpening its strategic focus across its reinsurance, retakaful and takaful operations.
“MNRB also intends to further strengthen its regional and international positioning within the reinsurance and retakaful space through continued capability enhancement, greater market connectivity and selective expansion initiatives,” it added.
In view of the group’s strong performance during the first three quarters of FY2026, it will reward shareholders earlier through an interim single-tier dividend of five sen per ordinary share, it said.
-- BERNAMA