Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Friday, 10 October 2008
Lonpac Delivers Despite Tough Environment
Lonpac Insurance has quite impressive scorecard despite difficult economic environment:- 14% growth in net premium income (RM293.2 mil compared with RM257.1 mil)
- Solvency margin surplus of RM221.2 mil on top of the minimum required solvency margin of RM490.2 mil)
The holding company LPI Capital saw 14.4% growth in net profit and 16.6% growth in revenue.
Lonpac's investment portfolio: 70% in FD, 20% in equities (mainly in Public Bank shares) and 10% in government securities.
Source: The Star
Labels: Lonpac
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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