Kuala Lumpur, 13 February 2026 - MNRB Holdings Berhad ("MNRB" or the "Group") today announced its financial results for the nine-month period ended 31 December 2025 ("Q3 FY2026"). The Group delivered outstanding results, driven by strong growth across all business segments. This reflects the effective execution of its strategic priorities and disciplined operating model.
Q3 FY2026 Highlights
- Profit After Tax (PAT) surged 43.5% year-on-year ("YoY") to RM431.7 million, propelled by strong operating performance and higher net investment income across key business segments.
- Reinsurance/Retakaful continued to anchor the Group's performance, contributing 74.1% of total earnings, reinforcing its position as the primary earnings engine.
- Takaful segment sustained its growth momentum with a 60.3% YoY increase in PAT.
- Total Revenue rose 12.3% YoY to RM2.9 billion, reflecting steady business expansion across core segments and growing market relevance.
- Net Investment Income increased sharply by 32.3% YoY to RM412.8 million, supported by disciplined asset allocation and strong returns from fixed income and equity portfolios.
- Annualised Return on Equity ("ROE") strengthened to 14.3%.
Strong Growth Across Core Businesses
For the nine-month period under review, the Group recorded a 43.5% improvement in PAT of RM431.7 million (Q3 FY2025: RM300.8 million). The performance was driven by compelling, broad-based growth across its core reinsurance/retakaful, general takaful and family takaful segments. This demonstrates the depth and resilience of MNRB's business model. PAT was further supported by higher insurance/takaful service results, complemented by robust investment income.
Insurance/takaful service results grew 16.1% to RM381.1 million (Q3 FY2025: RM328.2 million), on the back of stronger revenue from the reinsurance/retakaful and general takaful segments.
MNRB maintained a solid upward growth trajectory across all its business segments. Insurance and takaful revenue rose 13.6% to RM2.5 billion (Q3 FY2025: RM2.2 billion), led by the reinsurance/retakaful and general takaful segments.
Investment performance also strengthened, with net investment income climbing 32.3% to RM412.8 million (Q3 FY2025: RM312.0 million) supported by valuation gains across both equity and bond portfolios.
MNRB's annualised ROE strengthened to 14.3% compared with 11.9% in the previous corresponding period, signalling enhanced profitability and capital efficiency.
Third Quarter FY2026 Performance
The Group delivered another quarter of robust earnings growth in Q3 FY2026, reinforcing its positive growth momentum and sustained resilient performance throughout the financial year.
PAT for the individual third quarter increased 30.3% to RM151.0 million (Q3 FY2025: RM115.9 million) on the back of higher insurance and takaful revenue across all segments. Growth was led by the general takaful segment, particularly the Motor portfolio, as well as the reinsurance segment, supported by expansion in the Specialty portfolio.
Total revenue for the third quarter rose 17.9% to RM973.9 million (Q3 FY2025: RM826.4 million), reflecting consistent growth across the Group's business segments.
Leadership Commentary
Commenting on the Group's results, Dato' Rudy Rodzila Che Lamin, Interim President & Group Chief Executive Officer of MNRB said:
"MNRB's strong performance in Q3 FY2026 marks a significant milestone in our growth journey, reflecting disciplined underwriting, prudent risk selection and consistent execution across our core businesses. The improvement in earnings quality and returns underscores the resilience of our operating model in a dynamic market environment. We hope that the commendable performance will continue to drive the upward momentum of our organisation values."
"The continued growth we are witnessing validates the effectiveness of our strategic initiatives and the dedication of our people. We remain firmly focused on sustaining this trajectory through disciplined underwriting, portfolio optimisation and active capital management, while expanding scales and deepening our relevance across the reinsurance, retakaful and takaful segments".
Business Segment Performance
Reinsurance/Retakaful: Malaysian Re Sustains Positive Trajectory
Malaysian Reinsurance Berhad ("Malaysian Re"), the Group's reinsurance arm, continued to anchor the Group's earnings, recording a 24.3% increase in PAT to RM319.9 million (Q3 FY2025: RM257.3 million). The improvement was bolstered by stronger insurance/takaful service results, supported by favourable claims experience and higher insurance and takaful revenue, as well as resilient investment performance.
Malaysian Re's insurance and takaful revenue grew 7.1% to RM1.5 billion (Q3 FY2026: RM1.4 billion), demonstrating disciplined underwriting, prudent risk selection and continued portfolio diversification. This was led by steady growth in its Voluntary Cessions, Domestic Treaty, Specialty and Family Retakaful businesses.
Takaful Business: Takaful IKHLAS Records Continued Progress
The Group's takaful segments - Takaful Ikhlas General Berhad and Takaful Ikhlas Family Berhad, collectively known as "Takaful IKHLAS" - recorded a 60.3% increase in combined PAT to RM79.1 million (Q3 FY2025: RM49.4 million). This improvement came on the back of higher takaful service results, supported by strong revenue growth across both its general and family takaful segments, as well as favourable investment performance.
Takaful IKHLAS' takaful revenue rose 28.1% to RM1.1 billion (Q3 FY2025: RM868.0 million), driven mainly by the growth of the general takaful business, particularly within its Motor and Fire portfolios, through the Agency, Direct and Bancatakaful channels. The family takaful business also supported takaful revenue growth with solid contributions from the Regular Contributions, Group Credit Term Takaful ("GCTT") and Group Hospitalisation Scheme ("GHS") businesses arising from the Agency, Bancatakaful and Corporate channels.