MNRB HOLDINGS BERHAD 197201001795 (13487-A)
C R E AT I N G A D V A N C I N G
V A L U E , G R O W T H
A N N U A L R E P O R T 2 0 2 2
Vision
We Protect Everyone
Core Values
Integrity
Collaboration
Expertise
Forefront of the Industry
Embracing innovation while improving value creation to remain being at the forefront of the industry.
Together Forward
Leveraging on the synergies amongst our reinsurance, takaful and retakaful business to drive robust performance, implement astute business strategies and foster strong partnerships.
Driving Value through Integration
We leverage on drawing strengths from the integration within our Group to maximise productivity and efficiency through the sharing of experiences, knowledge and continuously creating sustainable growth for the future.
CREATING VALUE, ADVANCING GROWTH
In such a volatile macro-economic landscape, we understand that the need to become an agile corporation is all the more imperative to create future value. Becoming an agile organisation starts with a mindset shift. Our organisation is composed of talented, driven individuals, committed to continuous improvement by constantly sourcing new ideas and innovations to optimise our products, services, and business processes. We are relentlessly pursuing customer satisfaction. Employees on the frontline are empowered to pioneer new programs to deliver excellent customer experience.
Success to us, will help the Group develop significant competitive advantages over our peers. From business to operations to human resources, agility confers to the Group, the creation of future value.
Inside This Report
OUR BUSINESS
02 At a Glance
- Corporate Profile & Presence
- Corporate Information
- Key Business Entities
- Group Corporate Structure
- Our Business Model
OUR PERFORMANCE & OUTLOOK
10 Chairman's Statement
- Economic and Industry Review and Prospects
- Management Discussion & Analysis
- Code of Conduct & Business Ethics
- Sustainability Statement
OUR FINANCIAL REVIEW
- Five-YearFinancial Highlights
- Five-YearGroup Performance
- Simplified Group Statements of Financial Position
- Group Operating Revenue
- Group's Growth
- Investors Information
- Financial Calendar 2022
OUR GOVERNANCE
81 Directors' Profile
- Group Shariah Committee Members' Profile
- Key Senior Management Team
- Key Senior Management Team's Profile
- Corporate Governance Overview Statement
- Audit Committee Report
114 Statement on Risk Management and Internal Control
- Statement of Directors' Responsibility in Relation to the Financial Statements
- Additional Compliance Information
OTHER INFORMATION
- Analysis of Shareholdings
- List of Properties
- Group's Offices
- Notice of 49th Annual General Meeting
133 Statement Accompanying Notice of the 49th Annual General Meeting
OUR FINANCIAL REPORT
134 Financial Statements
PROXY FORM
Scan the QR code to download our Annual Report 2022 or visit our website https://www.mnrb.com.my/investor-relations/annual-report
MNRB HOLDINGS BERHAD ANNUAL REPORT 2022
At A Glance
GROUP TOTAL REVENUE | MARKET CAPITALISATION |
RM3.3 billion | (31 March 2022) |
RM845.7 million |
GROUP PROFIT BEFORE TAX
RM127.5 million
-16.9% IN FY2022
GROUP PROFIT AFTER TAX
RM114.4 million
GROUP TOTAL ASSETS | MNRB SCHOLARSHIP FUND |
RM11.3 billion | RM15.3 million |
Scholarship Disbursed |
+13.7% | +4.1% |
IN FY2022 | IN FY2022 |
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OUR BUSINESS
Corporate Profile & Presence
Malaysian National Reinsurance Berhad, the country's national reinsurer was set up in 1972 to reduce the outflow of reinsurance premiums overseas. The Company commenced operations on 19 February 1973.
MALAYSIA
DUBAI,UNITED ARAB EMIRATES
In 2005, as a result of a restructuring exercise within the MNRB Group, the Company's reinsurance licence, business and assets were transferred to its subsidiary company, Malaysian Reinsurance Berhad. Pursuant to the restructuring, Malaysian National Reinsurance Berhad became an investment holding company and changed its name to MNRB Holdings Berhad ("MNRB"). Today, MNRB is listed on the Main Market of Bursa Malaysia Securities Berhad.
The MNRB Group comprises a leading wholesale provider of reinsurance and retakaful as well as two takaful operators. Its reinsurance subsidiary stands tall among the top reinsurers in the region, writing lines of general businesses locally and abroad. In Malaysia, its takaful operators are amongst the pioneers in the provision of financial protection services based on the takaful system.
The Company has a Share Capital of RM738.5 million.
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MNRB Holdings Berhad published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 09:48:03 UTC.