MNRB net profit rises to RM183.75mil in Q1
KUALA LUMPUR: MNRB Holdings Bhd’s net profit rose to RM183.75 million in the first quarter ended June 30, 2026 (1Q FY27) from RM168.43 million in 1Q FY26 due to better contributions from the reinsurance, family takaful and retakaful businesses.
KUALA LUMPUR: In the first quarter of 2026, MNRB Holdings Bhd reported a net profit of RM183.75 million, an increase from RM168.43 million in the same period last year. This growth was attributed to stronger performances from the group's reinsurance, family takaful, and retakaful businesses. Revenue for the quarter also rose by 2.8% to RM1 billion, driven by the general takaful, family takaful, and retakaful segments.
The company's diversified business portfolio and disciplined underwriting, effective claims management, and prudent investment strategies contributed to its sustained profitability. MNRB remains confident in the long-term growth prospects of its reinsurance and retakaful businesses, supported by the industry's stable growth trajectory and favorable macroeconomic conditions.
The group is planning to focus on its reinsurance and retakaful businesses by proposing the acquisition of Labuan Reinsurance (L) Ltd and the divestment of its takaful businesses.
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