KUALA LUMPUR: MNRB Holdings Bhd
’s net profit rose 9.1% to RM183.8mil in the first quarter ended June 30, 2026 (1Q27), from RM168.4mil a year earlier.
Revenue increased 2.8% to RM1bil from RM975.6mil previously, while earnings per share improved to 23.47 sen from 21.51 sen.
The reinsurer declared a dividend of five sen per share for the quarter.
MNRB said it remained confident in the long-term prospects of its reinsurance and takaful businesses, supported by its diversified portfolio, disciplined underwriting and focus on sustainable profitability.
The group said the reinsurance market entered 2026 in a broadly soft but stable phase, with capacity returning and competition intensifying following several years of hard market conditions.
While the softer cycle is expected to continue through 2026 and into the 2027 renewal season, MNRB said the Asia-Pacific region continued to offer growth opportunities for Malaysian Re, supported by economic expansion, infrastructure development and rising insurance awareness.
It noted that the region remained significantly underinsured, with protection gaps in areas including natural catastrophes, climate-related risks, health and cyber.
“On the domestic takaful front, the group expects the industry to sustain its stable growth trajectory, supported by favourable macroeconomic conditions, increasing awareness of financial protection and various government initiatives.
“Takaful IKHLAS will continue to leverage these positive industry fundamentals through its diversified multi-channel distribution capabilities and efficient claims management practices.
“Meanwhile, Malaysian Re expects the retakaful sector to grow in tandem with the takaful industry, particularly within the Medical and Health segment, reflecting the increasing demand for protection and healthcare-related solutions,” MNRB said.
MNRB said Malaysia’s economy was expected to remain resilient in 2026, supported by domestic demand, favourable labour market conditions and continued investments in infrastructure, digitalisation and high-value manufacturing.
However, it cautioned that geopolitical tensions, evolving global trade policies and uncertainty over monetary policy in major economies could continue to drive volatility in financial markets, commodity prices, foreign exchange and capital flows.
