Business description: MNRB Holdings

MNRB Holdings Berhad is an investment holding company. The Company is engaged in the provision of management services to its subsidiaries. Its segments include Investment holding and others, Reinsurance, Retakaful, General takaful, and Family takaful. Investment holding and others segment is engaged in investment holding and non-insurance/takaful subsidiaries. Reinsurance segment is engaged in underwriting of all classes of general reinsurance business. Retakaful segment is engaged in the management of family and general retakaful businesses. General takaful segment is engaged in the management of the general takaful business. Family takaful segment is engaged in the management of family and investment-linked takaful businesses. Its subsidiaries include Malaysian Reinsurance Berhad (Malaysian Re), Takaful Ikhlas Family Berhad (Takaful IKHLAS Family), Takaful Ikhlas General Berhad (Takaful IKHLAS General), Sinar Seroja Berhad, MMIP Services Sdn. Bhd. and Malaysian Re (Dubai) Ltd.

Number of employees: 1,123

Sales by Activity: MNRB Holdings

Fiscal Period: March 2021 (MYR) 2022 (MYR) 2023 (MYR) 2024 (MYR) 2025 (MYR)

Reinsurance Business

1.4B 1.52B 1.82B 1.54B 1.66B

Retakaful Business

49.86M 59.59M 73.83M 91.87M 68.7M

General Takaful

- - - 579M 634M

Family Takaful

- - - 334M 367M

Others

11.92M 8.01M 8.74M 110M 255M

Adjustments and Eliminations

-133M -144M -94.43M -143M -227M

Investment Holding

127M 130M 89.42M - -

Takaful Operator

1.04B 1.13B 1.39B - -

Geographical breakdown of sales: MNRB Holdings

Fiscal Period: March 2021 (MYR) 2022 (MYR) 2023 (MYR) 2024 (MYR) 2025 (MYR)

Malaysia

2.5B 2.69B 3.27B 2.52B 2.76B

Executive Committee: MNRB Holdings

Manager TitleAgeSince
Director of Finance/CFO 58 11/12/2022
Chief Investment Officer 42 12/02/2023
Chief Tech/Sci/R&D Officer 55 12/09/2021
Corporate Officer/Principal 49 31/12/2010
Comptroller/Controller/Auditor 57 02/05/2019

Composition of the Board of Directors: MNRB Holdings

Director TitleAgeSince
Chairman 63 13/02/2025
Director/Board Member 58 30/09/2019
Director/Board Member 72 31/12/2017
Director/Board Member 67 30/09/2019
Shariah Board Member 59 02/11/2020
Shariah Board Member 56 02/11/2020
Shariah Board Member 63 02/11/2020
Shariah Board Member 52 30/06/2022
Shariah Board Member 58 02/11/2022
Director/Board Member 57 30/09/2023

Shareholders: MNRB Holdings

NameEquities%Valuation
Permodalan Nasional Bhd.
41.88 %
327,926,500 41.88 % 215 M RM
Bumiputra Investment Foundation
12.03 %
94,191,400 12.03 % 62 M RM
4.768 %
37,337,000 4.768 % 25 M RM
1.718 %
13,457,200 1.718 % 9 M RM
Promserv Sdn. Bhd.
0.8343 %
6,533,070 0.8343 % 4 M RM

Company details: MNRB Holdings

MNRB Holdings Bhd.

Bangunan Malaysian Re

50490, Kuala Lumpur

+60 3 2096 8000

http://www.mnrb.com.my
address MNRB Holdings(6459)

Group companies: MNRB Holdings

NameCategory and Sector
Multi-Line Insurance
Multi-Line Insurance
Financial Conglomerates

Other Reinsurance

Change 5d. change 1-year change 3-years change Capi.($)
+9.76%+12.03%+25.58%+175.51% 493M
-0.54%+1.02%-8.00%+34.48% 49.67B
-1.24%+1.37%+4.51%+146.09% 7.57B
+0.49%-0.41%+11.87%+26.16% 6.04B
+1.27%+11.22%+66.42%+154.96% 1.66B
0.00%+2.47%+68.70%+224.22% 1.53B
+0.18%+1.67%+4.77%+49.59% 700M
+0.93%+2.86%-3.14%+47.44% 212M
+1.42%0.00%-5.84%+17.70% 166M
Average +1.38%+1.84%+18.32%+97.35% 7.56B
Weighted average by Cap. -0.28%+1.60%-0.91%+54.53%
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
2.700MYR
Average target price
2.400MYR
Spread / Average Target
-11.11%

Annual profits - Rate of surprise