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LPI Capital FY15 earnings higher at RM321m 

LPI Capital FY15 earnings higher at RM321mTAS160127a

Wednesday, January 27, 2016 10:29:00 AM Categories: Lonpac
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Lonpac builds market share preparing for more competition 

Insurance News

  -  March 18, 2014
The insurance industry is expected to become increasingly competitive with the entry of foreign players and the detariffing of motor and fire insurance in 1/2016. Lonpac has been actively building its market share to achieve economies of scale and increase its competitive edge. It has exposure of 3 PA policies in MH370 and some reinsurance exposure through its participation in the aviation pool.  http://bit.ly/TAS140318a 

 

Posted by Loo Hai Tuesday, March 18, 2014 7:25:00 PM Categories: Lonpac
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Lonpac performed well in Q3 

Insurance News

  -  October 9, 2013
Lonpac has delivered a strong set of results in Q3. YTD gross premium income grew 5% while Q3 claims incurred ratio reduced to 44% and combined ratio dropped to 69%.
LPI Capital Q3 net profit up 27% - The Sun Daily PETALING JAYA (Oct 9, 2013): LPI Capital Bhd, controlled by Public Bank Bhd's chairman Tan Sri Dr Teh Hong Piow (pix), saw its net profit grow 27% to RM60.36 million for the third quarter ended Sept 30, 2013 (Q3FY13) from RM47.63 million a year ago, thanks to its wholly-owned subsidiary, Lonpac Insurance Bhd, which reported a 24.2% jump in pre-tax profit to RM61.1 million from RM49.2 million.

 

Posted by Loo Hai Wednesday, October 9, 2013 6:05:00 PM Categories: Lonpac
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Lonpac delivered strong 1H results 

Insurance News

  -  July 9, 2013
Lonpac has delivered a strong set of results for 1H 2013: NCI ratio reduced from 52% to 48%, combined ratio reduced to 73% from 79% and pre-tax profit improved by 24.1%.
LPI Capital Q2 net profit jumps 15.3% - The Sun Daily PETALING JAYA (July 9, 2013): LPI Capital Group Bhd, which announced the appointment of Tan Kok Guan as CEO yesterday, saw second quarter (Q2) net profit grow by 15.3% mainly due to the performance of subsidiary Lonpac Insurance Bhd.

 

Posted by Loo Hai Tuesday, July 9, 2013 7:15:00 PM Categories: Lonpac
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Lonpac delivers outstanding Q1 results 

Insurance News

  -  Apr 8, 2013
Lonpac has chalked up 49% growth in its pre-tax profit (Q1 2013: RM35.1 mil; Q1 2012: RM23.6 mil).  Underwriting profit improved by 72% for the same period.
LPI Capital Q1 earnings up 33.7% to RM42.1m - The Star KUALA LUMPUR: LPI Capital Bhd kicked off the January-March financial results season on Monday on a firm note, as its earning rose 33.7% to RM42.11mil from RM31.47mil a year ago.

 

Posted by Loo Hai Monday, April 8, 2013 9:00:00 PM Categories: Lonpac
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Lonpac focuses on organic growth 

Insurance News

  -  Feb 26, 2013
Lonpac will continue its strategy of focusing on organic growth going forward. It may also consider a capital repayment.
LPI may consider capital repayment - The Edge KUALA LUMPUR: LPI CAPITAL BHD [] may consider a capital repayment to reward its shareholders who have been long with the company, said CEO Tee Choon Yeow.

 

Posted by Loo Hai Tuesday, February 26, 2013 6:39:00 PM Categories: Lonpac Outlook Strategy
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High single-digit growth for conventional, 20% growth for takaful 

Insurance News

  -  Dec 28, 2012
OSK predicts a high single-digit growth in conventional insurance and a growth rate of around 20% for the takaful industry in 2013. It has a "buy" call on both STMB and Allianz and a "neutral" call on LPI Capital.
OSK upbeat on insurance sector's income - Business Times KUALA LUMPUR:OSK Research Sdn Bhd has projected a high single-digit growth in premium income for the insurance industry next year.
Posted by Loo Hai Friday, December 28, 2012 9:16:00 PM Categories: Allianz Lonpac Outlook STMB
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