MNRB 2Q earnings increase

PETALING JAYA: MNRB Holdings Bhd will remain cautiously optimistic as it enters the final quarter of the calendar year.

In a filing with Bursa Malaysia, the insurance provider said uncertainties due to ongoing geopolitical tensions in the Middle East and the upcoming US presidential election could affect policies and market sentiment.

For its second quarter ended Sept 30, 2024, the group posted a lower revenue of RM974.3mil compared to RM977.5mil in the same quarter a year ago.

However, a higher profit of RM92.7mil was registered compared to RM41.57mil in the same quarter a year ago due to higher insurance service from improved claims experience, accretion of interest rates and foreign-exchange rate movements.