January 23, 2017 4:55 PM ET

Insurance

Company Overview of Lonpac Insurance Bhd

Company Overview

Lonpac Insurance Bhd offers personal and business insurance products. It offers performance/advance payment bond insurance products; engineering insurance products, including boilers, civil engineering completed risks, contractor’s risks, deterioration of stock in cold storage, electronic equipment, employer’s liability, erection all risks, machinery breakdown, machinery breakdown loss of profits, storage tank, and workmen's compensation insurance; and fire and health insurance. The company also offers liability insurance products, such as general, director's and officer's, management, products, professional indemnity, and public liability insurance; marine insurance; and miscellaneous insur...

LG, 6th, 7th, 21st to 26th Floor

Bangunan Public Bank

6, Jalan Sultan Sulaiman

Kuala Lumpur,  50000

Malaysia

Founded in 1994

Phone:

60 3 2262 8688

Fax:

60 3 2715 1332

Key Executives for Lonpac Insurance Bhd

Chief Executive Officer and Executive Director
Age: 60
General Manager of Accounts & Finance
Age: 60
Chief Operating Officer
Age: 54
Company Secretary, Assistant General Manager of Secretariat and Director
Director of Administration
Age: 59
Compensation as of Fiscal Year 2016.

Lonpac Insurance Bhd Key Developments

Lonpac Insurance Bhd Reports Premium Results for the First Half Year Ended June 30, 2016

Lonpac Insurance Bhd reported premium results for the first half year ended June 30, 2016. For the period, the company earned premium registered a healthy growth of 14.4% to MYR 202.4 million from MYR 177.0 million in the previous corresponding quarter. Gross premium income edged up by 4.0% to MYR 702.9 million from MYR 675.6 million, despite slow growth in the Malaysian general insurance industry. Earned premium income came in stronger, having grown by 11.5% to MYR 357.8 million for the half year under review.

Lonpac Insurance Bhd Reports Earnings Results for the First Quarter Ended March 31, 2016

Lonpac Insurance Bhd reported earnings results for the first quarter ended March 31, 2016. Lonpac registered a 21.8% jump in pre-tax profit to MYR 64.9 million from MYR 53.3 million, largely due to higher underwriting profit, which came in at MYR 50.0 million, a 18.8% increase from MYR 42.1 million reported in the first quarter of 2015. Despite facing stiff competition, Lonpac managed to grow its gross premium income by 7.9% to MYR 401.7 million during the first quarter of 2016, from MYR 372.4 million in the first quarter of 2015. This was the result of efforts in strengthening sales force as well as expanding agency network and global partnerships.

Lonpac Announces Earnings Results for the First Quarter Ended March 31 2015

Lonpac announced earnings results for the first quarter ended March 31, 2015. The company reported a pre-tax profit of MYR 53.3 million during the period, up 13.6% over MYR 46.9 million a year ago. Gross premium income increased by 5% to MYR 372.4 million from MYR 354.6 million registered in the previous corresponding quarter, while its net earned premium income also increased in tandem by 5.9% from MYR 135.9 million to MYR 143.9 million.

Recent Private Companies Transactions

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