Net return on equity improved to 5.1% from 4.9% in the same quarter last year while earnings per share rose to 26.45 sen from 21.63 sen....
However, the restrictive MCOs also resulted in lower claims reported with Lonpac's claims incurred ratio improving significantly to 33.6% from 39.5% in the same quarter last year....
It added that both motor and medical insurances continued to register lower claims incurred ratios, which contributed to better underwriting profits....
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2021-10-14 00:00:00.0