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Mnrb Holdings Berhad (Malaysia)

Main Activities: Insurance Carriers | Management of Companies and Enterprises
Full name: Mnrb Holdings Berhad Profile Updated: March 11, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

MNRB Holdings Berhad, located in Kuala Lumpur, is an investment holding company that was incorporated in 1972. It was established to reduce the outflow of reinsurance premiums overseas. The company began its operations on February 19, 1973. In 2005, as part of a restructuring exercise, the company's reinsurance license, business, and assets were transferred to its subsidiary, Malaysian Reinsurance Berhad. Consequently, Malaysian National Reinsurance Berhad became an investment holding company and changed its name to MNRB Holdings Berhad. Today, MNRB is listed on the Bursa Malaysia. The MNRB Group consists of leading wholesale providers of reinsurance and retakaful, as well as two takaful operators. Its reinsurance subsidiary is one of the top reinsurers in the region, writing lines of general businesses locally and internationally. In Malaysia, its takaful operators are among the leaders in providing financial protection services based on the takaful system. MNRB Holdings Berhad and its subsidiaries offer a wide range of products and services related to reinsurance, retakaful, retail takaful, and more. Malaysian Re underwrites all classes of general reinsurance and retakaful businesses, while Takaful IKHLAS is primarily involved in providing financial protection services based on the principles and rulings of Shariah.

Headquarters
12Th Floor Bangunan Malaysian Re, No 17 Lorong Dungun, Damansara Heights
Kuala Lumpur; Federal Territories; Postal Code: 50490

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Website: http://www.mnrb.com.my

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1972
Key Executives
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Chairman
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President
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Chief Financial Officer
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Secretary
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Outside Director
Ownership Details
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12.03%
Subsidiaries
MMIP Services Sdn. Bhd.
100%
MNRB Retakaful Berhad
100%
Malaysian Re (Dubai) Ltd. (United Arab Emirates)
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-96.43%
Operating profit (EBIT)
73.22%
Net Profit (Loss) for the Period
98.69%
Total assets
2.06%
Investments
-69.25%
Total equity
11%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
3.1%
Loss Ratio
-57.83%
Underwriting Expenses Ratio
157.93%

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