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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Thursday, 9 April 2009
Lonpac's underwriting profit improves
LPI Capital Bhd's has achieved a strong improvement in underwriting profit in Q1 2009 compared to Q1 2008. The underwriting profit is RM10.4 mil, an increase of RM6 mil.Other financial highlights:
- Group revenue rose 13.6% to RM210.9 mil
- EPS increased 29.4% to 25.77 sen
- Shareholders' equity grew by 78% to RM647.1 mil, compared with RM363.7 mil at 31/12/2008
- Total assets increased by 40% to RM1.19 bil in Q1 2009
Source: The Star
Labels: Financial Results, 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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- Rationalisation of insurance arms
- Hong Leong Bank to dispose of HLTMT
- Retirement planning in Malaysia
- TakafulmyJalinan
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- Prudential buys over agents
- MAA not under receivership
- Resignation of 3 CEOs
- Impact of economic downturn on GI industry
- ASCAP in dispute with ACE INA
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