Last updated on August 23, 2025
KUALA LUMPUR: MNRB Holdings Bhd’s shares climbed 11.18 per cent in morning trade after the reinsurance and takaful group posted an 82.7 per cent jump in net profit for the first quarter ended June 30, 2025 (1Q25).
The stock opened 18 sen, or 10.59 per cent, higher at RM1.88, briefly hitting RM1.89 before settling at RM1.88 at press time. Trading volume reached 1.19 million shares — the most in over three months.
Listed on the Main Market, MNRB started the year at RM2.23, with a year-to-date decline of 33 sen or 13.90 per cent, giving it a market value of RM1.48 billion.
The group attributed its stronger results to better underwriting performance, higher net investment income, improved contributions from associates, and lower operating expenses. Quarterly revenue rose 13.76 per cent to RM975.56 million from RM857.58 million a year earlier, driven by higher insurance and takaful contributions across its reinsurance, general takaful, family takaful and retakaful businesses. No dividend was declared.
Looking ahead, MNRB, which operates Takaful Ikhlas, said the newly imposed eight per cent service tax on financial services may slightly affect profitability in the family takaful segment due to higher distribution and investment management costs.
“The general takaful segment is largely unaffected as contributions are already subject to service tax,” it noted, adding that it remains confident in long-term growth and will continue balancing its portfolio across all business segments.
