KUALA LUMPUR: LPI Capital Bhd
’s net profit for the first quarter ended March 31, fell 25.25% to RM61.53mil compared with the same quarter a year ago due to a higher claims ratio and lacklustre performance in the investment portfolio.
The insurer reported that revenue came in at RM397.7mil or 9.8% lower against RM440.8mil in the corresponding quarter in the previous year due mainly to lower gross earned premium.
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