PETALING JAYA: MNRB Holdings Bhd
reported double-digit year-on-year (y-o-y) growth in its bottom line for the second quarter of financial year 2026 (2Q26) and anticipates a better outlook ahead.
The company also expects takaful industry penetration to double by 2028 amid evolving customer expectations and intensifying competition.
In 2Q26 ended Sept 30, MNRB saw its net profit rise 21% y-o-y to RM112.3mil, driven by higher revenue growth and stronger investment results.
Revenue also increased 5.5% y-o-y to RM927.6mil, supported by stronger contributions from the general takaful, retakaful and family takaful segments.
MNRB’s net profit in the first half (1H26) rose 51.8% y-o-y to RM280.7mil.
The group’s reinsurance/retakaful arm – Malaysian Reinsurance Bhd – also saw a strong 46.9% y-o-y increase in its 1H26 net profit to RM206.5mil despite revenue only rising 3% y-o-y to RM1.1bil.
