Latest news with #MNRBHoldingsBhd
The Star
27-05-2025
- Business
- The Star
Lower profits for MNRB in FY25
MNRB Holdings said the decrease during 4Q24 was due to the deterioration in insurance and takaful revenue. PETALING JAYA: MNRB Holdings Bhd will maintain a prudent and selective investment strategy, and while the coverage provider says it will remain invested in fixed income, the emphasis will be on high-quality assets for capital preservation. Capping its financial year ended March 2025 (FY25) with its results release yesterday, MNRB Holdings saw net profit sinking by 60.7% year-on-year (y-o-y) for the final quarter (4Q25), although over the entire FY25, the drop was less pronounced at 9.1% y-o-y to RM394.2mil. Revenue declined by 11.2% y-o-y to RM921.9mil for 4Q25 and actually grew 3.5% for FY25 to RM3.63bil. MNRB Holdings said the decrease during 4Q24 was due to the deterioration in insurance and takaful revenue in the reinsurance, retakaful and general takaful business.
The Star
27-05-2025
- Business
- The Star
MNRB Holdings posts lower net profit of RM394.2mil in FY25
KUALA LUMPUR: MNRB Holdings Bhd posted a lower net profit of RM394.20 million for the financial year ended March 31, 2025 (FY2025), compared with RM433.54 million recorded in the preceding year. However, revenue rose to RM3.63 billion in FY2025, an increase of 3.5 per cent from RM3.51 billion previously, due to the growth in insurance/takaful revenue contributed by the reinsurance and general takaful businesses. "This was offset by deterioration in the retakaful business. The increase was also attributed to better investment income. "The total revenue of this segment increased by RM98.3 million or 5.2 per cent, mainly contributed by the increase in insurance revenue from the voluntary cession and domestic treaties portfolios as well as investment income,' it said in a filing with Bursa Malaysia today. MNRB Holdings noted that the revenue of its general takaful business segment stood at RM918.2 million, representing an increase of RM74.8 million or 8.9 per cent, driven by growth in takaful revenue from the motor and fire portfolios. The family takaful business segment revenue also rose by RM1 million to RM650.50 million. For the fourth quarter ended March 31, 2025 (4Q FY2025), the group's net profit narrowed to RM93.40 million from RM237.82 million in the same quarter last year, while revenue declined to RM921.91 million from RM1.04 billion previously. On prospects, the company said that in 2025, Malaysia's takaful industry is expected to continue growing, supported by rising demand for shariah-compliant solutions and strong government initiatives. Among the key initiatives are the Financial Sector Blueprint 2022-2026, the MADANI Economy Framework and digital sandbox programmes, which promote inclusion, innovation, and environment, social and governance (ESG)-aligned offerings. "The group also remains committed to achieving a net-zero carbon status by 2050, balancing our economic performance with ESG practices. "This will be anchored by our sustainability roadmap, as well as the relevant regulatory requirements and best practices,' it added. - Bernama
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
MNRB's 4Q net profit falls 61% on lower revenue and fair value losses
MNRB Holdings Bhd reported a 60.7% year-on-year drop in net profit for the fourth quarter ended March 31, 2025 (4Q25), falling to RM93.4 million from a record RM237.82 million in the previous year, weighed down by lower insurance revenue, fair value losses of RM29.96 million, and a weaker contribution from associates. Quarterly revenue declined 11.2% to RM921.92 million. For the full financial year (FY25), net profit slipped 9.1% to RM394.2 million, although revenue rose 3.5% to RM3.63 billion. Despite anticipating continued challenges in the global reinsurance market and ongoing natural disaster losses in FY2026, the group remains upbeat on growth prospects, supported by its focus on profitable and diversified business segments. MNRB shares closed unchanged at RM2.08 today, giving it a market capitalisation of RM1.61 billion. — TMR
New Straits Times
27-05-2025
- Business
- New Straits Times
MNRB Holdings posts lower net profit of RM394.2mil in FY25
KUALA LUMPUR: MNRB Holdings Bhd posted a lower net profit of RM394.20 million for the financial year ended March 31, 2025 (FY2025), compared with RM433.54 million recorded in the preceding year. However, revenue rose to RM3.63 billion in FY2025, an increase of 3.5 per cent from RM3.51 billion previously, due to the growth in insurance/takaful revenue contributed by the reinsurance and general takaful businesses. "This was offset by deterioration in the retakaful business. The increase was also attributed to better investment income. "The total revenue of this segment increased by RM98.3 million or 5.2 per cent, mainly contributed by the increase in insurance revenue from the voluntary cession and domestic treaties portfolios as well as investment income," it said in a filing with Bursa Malaysia today. MNRB Holdings noted that the revenue of its general takaful business segment stood at RM918.2 million, representing an increase of RM74.8 million or 8.9 per cent, driven by growth in takaful revenue from the motor and fire portfolios. The family takaful business segment revenue also rose by RM1 million to RM650.50 million. For the fourth quarter ended March 31, 2025 (4Q FY2025), the group's net profit narrowed to RM93.40 million from RM237.82 million in the same quarter last year, while revenue declined to RM921.91 million from RM1.04 billion previously. On prospects, the company said that in 2025, Malaysia's takaful industry is expected to continue growing, supported by rising demand for shariah-compliant solutions and strong government initiatives. Among the key initiatives are the Financial Sector Blueprint 2022–2026, the MADANI Economy Framework and digital sandbox programmes, which promote inclusion, innovation, and environment, social and governance (ESG)-aligned offerings. "The group also remains committed to achieving a net-zero carbon status by 2050, balancing our economic performance with ESG practices. "This will be anchored by our sustainability roadmap, as well as the relevant regulatory requirements and best practices," it added.
