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
