KUALA LUMPUR: LPI Capital Bhd's net profit for the first quarter ended March 31, 2022, fell 25.25% to RM61. 53mil from the same quarter a year ago owing to a higher claims ratio and a lacklustre performance in the investment portfolio. The insurer reported that revenue came in at RM397. 7mil, 9.8% lower as compared to RM440. 8mil in the corresponding quarter in the previous year due mainly to lower gross earned premium. Net return on equity was 2.9% while earnings per share dropped 25.3% to 15.4

KUALA LUMPUR: LPI Capital Bhd announced a net profit of RM344. 7mil in the financial year ended Dec 31, 2021, was 2.4% higher compared to RM336. 7mil in 2020 on the back of higher revenue. The group said topline for the financial year increased to RM1. 72bil from RM1. 62bil due to higher gross earned premium, which made up 93.8% of the total operating revenue.“ Despite the various challenges encountered, triggered mainly by the prolonged pandemic, the LPI Group remained resilient and continued t

PETALING JAYA: LPI Capital Bhd says since the implementation of the phased liberalisation of Malaysia’s general insurance industry, there has been greater price competition which is likely to exert pressure on underwriting margins.In the fourth quarter ended Dec 31, 2023( 4Q23), the insurer posted a higher net profit of RM78. 58mil compared with RM54. 61mil achieved a year ago. The group’s net return on equity was reported at 3.4% and earnings per share at 19.72 sen for 4Q23, against 2.5% and 13