Equity investment gains boost LPI's H1 bottom line

Kuala Lumpur

BREXIT may be causing all sorts of uncertainties in financial markets but listed insurer LPI Capital Bhd is confident its "prudent underwriting approach" will continue to deliver favourable results after posting first half-earnings that were nearly double those a year ago.

Previously known as London & Pacific Insurance Company Bhd, LPI, which wholly owns Lonpac Insurance Bhd, rewarded shareholders with a first interim dividend of 25 sen a share after registering profits of RM278 million (S$94.1 million) for its first six months to end June from RM143 million a year ago.