MNRB’s 1Q25 revenue rises to RM976mil

PETALING JAYA: MNRB Holdings Bhd expects Malaysia’s reinsurance and retakaful industry to sustain its growth trajectory in 2026, driven by regulatory enhancements, growing demand for financial protection and supportive government framework.

In a filing with Bursa Malaysia, the wholesale providers of reinsurance and retakaful said Malaysia’s current tariff exposure and constructive trade policies continue to support its competitiveness amid global trade challenges.

For its first quarter ended June 30, 2025 (1Q25), MNRB’s net profit surged to RM168.43mil from RM92.20mil, while revenue during the quarter rose to RM975.56mil from RM857.58mil a year earlier.

“This improvement was mainly driven by stronger insurance/takaful service results, supported by higher insurance/takaful revenue and lower insurance/takaful service expenses arising from better claims experience in the reinsurance business.

“The performance was further strengthened by higher net investment income, primarily from net fair value gains in equities and bonds following the rebound in Malaysian investment markets,” it said.