Kuala Lumpur, 28 February 2014 - MNRB Group saw a rise in its net profit by 20.6% for the nine-month period ended 31 December 2013, mainly due to the improvement in its reinsurance subsidiary's results.

MNRB's President & Group CEO, Mohd Din Merican said, "We are satisfied with the Group's results, which are in line with our expectations."

The Group's reinsurance subsidiary, Malaysian Reinsurance Berhad (Malaysian Re) continued to record a strong performance with a reported RM1.08 billion in revenue, an increase of 2.9% from RM1.04 billion recorded in the corresponding period last year. This resulted in a profit after tax of RM117.5 million for the period under review as compared to RM96.9 million in the same period last year, on the back of improved claims experience.

"Malaysian Re continues to deliver outstanding underwriting results despite the higher incidence of natural catastrophic events that occurred in the region last year. The expansion in overseas business has been promising with a 10% year-on-year growth for the nine-month period ended 31 December 2013", Din said.

Takaful Ikhlas Sdn. Bhd. (Takaful IKHLAS), the takaful arm of MNRB, saw its revenue increase by 4.8% from RM601.4 million to RM630.2 million during the first nine months of the current financial year, mainly due to the growth in gross contribution as well as higher investment income. This resulted in a 14.3% increase in its net profit to RM6.9 million, as compared to RM6.0 million recorded last year.

Another subsidiary of MNRB, MNRB Retakaful Berhad (MRT) however, recorded a net loss of RM28.1 million for the period ended 31 December 2013, largely due to the increase in actuarial reserves for its family business. According to Din, "MRT delivered a higher net loss this quarter as it continued to strengthen its reserve position for its family portfolio. This loss was offset by the strong performance of Malaysian Re and the profitable growth of Takaful IKHLAS."

MNRB Holdings Berhad is an investment holding company. Amongst its wholly owned subsidiaries are Malaysian Reinsurance Berhad, Takaful Ikhlas Sdn. Bhd., MNRB Retakaful Berhad and Malaysian Re (Dubai) Ltd. MNRB is listed on the Main Market of the Bursa Malaysia Securities Berhad.

For more information, please log on to www.mnrb.com.my

###

For any further enquiries, kindly contact:

Puan Noorazimah Tahir (Azie)

Vice President & Head of Corporate Communications at

03-2096 8120 or fax: 03-2096 8003 or

email at:azie@mnrb.com.my



distributed by