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.
