MNRB CEO: "In the reinsurance and retakaful segment, the group will continue take a proactive stance to risk diversification, pursuing growth in overseas markets and venturing into specialised business lines."
Company is doing really well thanks to the recent rally in Malaysian equities. In the last quarter, capital calls were negligible. Retakaful and family takaful combined ratio/GWP/NWP all looked healthy. The main factor for the spectacular earnings was the ATH investment returns supported by company's aggressive move to expand their re-takaful business
I look see look see... This MNRB is really unbeatable as of now.. No other stock. ... Yet can compete. Some more is insurance.. Taiko is PNB.. ... Every criteria Tick Tock Tick
Takaful’s capitalization is $3.2 b . Whereas , MNRB’s capitalization is only $2b MNRB capitalization should match Takaful’s based on its annual insurance premium underwritten and its profitability. Therefore, MNRB has 50% upside potential from today’s price of $2.60 per share .
Allianz SE reported 6.8% higher profit for the first quarter amid strong results from the non-life insurance business and inflows at its bond manager Pacific Investment Management Co.
Group operating profit climbed to €3.99 billion ($4.3 billion), driven by better-than-expected results in property-casualty insurance, Allianz said Wednesday. Pimco attracted €32.4 billion from outside clients, the best quarter in at least five years, reversing outflows at the end of last year.
Allianz Chief Executive Officer Oliver Baete is relying on the asset management business, which also includes Allianz Global Investors, to diversify the company beyond insurance. After a challenging two years that saw some clients flee fixed-income securities, Pimco is now profiting from returning investor appetite for bonds as interest rates are expected to have peaked.
one thing i dont understand about this MNBR cash in bank... why only have 127 millions of cash in bank since this company every years make 100 millions abouve profit ? this latest financial year make 428 millions of profit ... Where this profit money go ? why no increase in cash in bank since got huge profit ???
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Posted by troy88 > 2024-05-14 11:29 | Report Abuse
Easily RM3+