Latest news with #RM857.58
New Straits Times
3 days ago
- Business
- New Straits Times
MNRB shares jump 11pct on Q1 profit surge
KUALA LUMPUR: Shares of MNRB Holdings Bhd jumped 11.18 per cent in morning trade after the reinsurance and takaful group posted an 82.7 per cent surge in net profit for the first quarter ended June 30, 2025 (1Q25). The counter opened 18 sen or 10.59 per cent higher at RM1.88 before briefly touching RM1.89. It was last traded at RM1.88 at press time with 1.19 million shares changing hand, its busiest day in over three months. Main Market-listed MNRB began the year at RM2.23, hitting a high of RM2.27 and a low of RM1.69. Year-to-date, the stock has fallen 33 sen, or 13.90 per cent, valuing the company at RM1.48 billion. The group said the stronger quarterly earnings were driven by improved underwriting performance, higher net investment income, greater contributions from associates and lower operating expenses. Quarterly revenue rose 13.76 per cent to RM975.56 million from RM857.58 million a year earlier, supported by higher insurance and takaful contributions across its reinsurance, general takaful, family takaful and retakaful operations. No dividend was declared. On its outlook, MNRB, which operates Takaful Ikhlas, said the newly imposed eight per cent service tax on financial services could marginally impact profitability in the family takaful segment through higher distribution and investment management costs. "The general takaful segment is largely not impacted by this development as the contributions are already subject to service tax," it said. Despite the potential headwind, MNRB said it remains confident in its long-term growth prospects and will continue to focus on balancing its portfolio across the reinsurance, takaful and retakaful segments.
Barnama
3 days ago
- Business
- Barnama
MNRB's Net Profit Surges To Record High Of RM168.43 Mln In 1Q FY2026
BUSINESS 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 Rodzilla 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
The Star
4 days ago
- Business
- The Star
MNRB's net profit surges to record high of RM168.43mil in 1QFY26
KUALA LUMPUR: 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 Rodzilla 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 optimisation," 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
