KUALA LUMPUR (Feb 13): MNRB Holdings Bhd (KL:MNRB) reported a 30.3% increase in net profit for the third quarter ended Dec 31, 2025 (3QFY2026), driven by improved contributions across all business segments.

Net profit for the quarter stood at RM151 million or 19.28 sen per share, up from RM115.9 million or 14.8 sen per share a year earlier, the reinsurance and retakaful wholesale provider said in a filing with Bursa Malaysia on Friday.

Revenue rose 17.8% year-on-year to RM973.9 million from RM826.4 million.

Reinsurance, the group’s largest revenue contributor, recorded a 7.1% increase to RM505.4 million from RM471.7 million, boosted by specialty, local and overseas treaty, as well as voluntary cession portfolios, supported by the release of the contractual service margin.

No dividend was announced for the quarter under review.

For the nine-month cumulative period ended Dec 31, 2025 (9MFY2026), MNRB’s net profit rose 43.5% to RM431.7 million or 55.12 sen per share from RM300.1 million or 38.41 sen per share, while revenue increased more than 12% to RM2.88 billion from RM2.56 billion.

On its outlook, MNRB expects Malaysia’s insurance and takaful industry to continue growing, supported by regulatory enhancements, rising demand for financial protection and government initiatives under Budget 2026.

The reinsurance and retakaful segment is expected to benefit from stable market conditions, favourable pricing and rising awareness of climate-related risks, the group said.

MNRB remains optimistic about its long-term prospects, as it plans to leverage portfolio diversification, disciplined underwriting and continued innovation to enhance financial performance and capture emerging opportunities, particularly overseas.

MNRB’s shares closed down three sen or 1.2% to RM2.46 on Friday, valuing the group at RM1.93 billion.