KUALA LUMPUR: Etiqa Group Insurance & Takaful’s gross premium for FY ended Dec 31, 2018 increased by 17% to RM7.2bil and retained its position as the top online insurer in the country with more than 65% market share.
However, profit before tax (PBT) fell by 19% to RM825mil primarily caused by adverse equity market performance and designation of equities as fair value to profit and loss that resulted in equities realised and unrealised losses, the company said in a statement.
