LPI Capital Q3 net profit eases to RM96.82mil

KUALA LUMPUR – The net profit of LPI Capital Bhd decreased by 15.7% to RM96.82 million in the third quarter, ending September 30, 2026, compared to RM114.83 million in the same quarter last year. This decline was primarily due to a drop in profit from its investment holding segment. However, revenue saw a slight increase of 1.1% to RM555.52 million, up from RM549.31 million in the same period last year, primarily boosted by higher insurance revenue from the general insurance segment.

For the first nine months of 2026, the company's net profit fell by 11.1% to RM263.21 million, down from RM295.97 million in the same period the previous year, while revenue grew to RM1.64 billion from RM1.57 billion, largely driven by the general insurance segment.

LPI Capital, which offers general insurance products and services, expressed confidence in Malaysia's economic growth outlook, citing support from technology-related exports and investments, as well as strong domestic demand. Despite this optimism, the company cautioned that geopolitical tensions in West Asia, fluctuations in energy prices, trade uncertainties, and supply chain disruptions posed significant external risks.

In response to this unstable business environment, LPI Capital emphasized that its primary focus remains on profitable growth rather than just increasing market share. To achieve this, the group pledged to prioritize sustainable underwriting profitability over premium growth by enhancing technical pricing, risk segmentation, and loss ratio analysis.

Furthermore, LPI Capital announced its commitment to adopting artificial intelligence technology to improve risk monitoring, enhance pricing accuracy, and strengthen underwriting decisions. This strategic move aims to reinforce the company's underwriting discipline and support overall profitability in the face of ongoing market challenges.