KUALA LUMPUR: LPI Capital Bhd
’s net profit for the first quarter ended March 31, 2026 (1Q26) rose to RM99.53mil, up from RM97.97mil in the same quarter last year.
In a Bursa Malaysia filing, the investment holding company attributed its performance to the increase in profit recorded by its investment holding segment, contributed by higher tax-exempt dividend income received from its equity investment during the quarter under review.
Meanwhile, its revenue jumped to RM547.7mil from RM515.1mil in 1Q25, mainly contributed by profits from its general insurance segment which increased to RM521.5mil from RM490.9mil in 1Q25, driven by higher insurance revenue.
“The investment holding segment recorded a higher revenue of RM26.2mil compared to RM24.2mil in 1Q25, contributed by higher dividend income received,” it said.
Looking ahead, LPI Capital said that Malaysia’s economic fundamentals are expected to remain resilient, supported by steady domestic demand and continued infrastructure activity.
“The group remains mindful of ongoing challenges, including claims volatility, medical inflation, climate-related risks and heightened geopolitical uncertainties.
“Present conflicts in West Asia, especially the war in Iran, will continue to cause global market volatility, higher energy prices, a volatile investment environment and broader economic uncertainty, which could have indirect implications for the insurance industry,” it said.
Despite the softer demand for insurance due to the broader economic slowdown, the group said it will continue to improve its market share by expanding its distribution channels and enhancing the quality of its agency service to better serve a bigger pool of customers. — Bernama
