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.
Join our Telegram channel to get our Evening Alerts and breaking news highlights
