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Overview
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Business Background LPI Capital Bhd is a diversified insurance company that provides a wide range of products. LPI Capital generates revenue by writing premiums on insurance policies that it sells to individuals and businesses. The company’s personal insurance offerings include fire, health, liability, auto, and accident insurance. LPI Capital’s business insurance product portfolio expands on its personal line products by adding marine, glass, and burglary insurance. The company offers flexibility to its corporate customers by providing tailor-made plans for small and midsize enterprises.
  Lawman Fire insurance is mandatory every single year to be paid by every single condo owner. How often does a condo unit ever burn down? Worthwhile reading below. https://www.thestar.com.my/business/business-news/2020/02/18/fire-insurance-review-would-not-be-overly-detrimental-to-lpi LPI is one of those companies you can just buy and forget about, and just keep collecting dividends far higher than your bank FD rate. The best listed insurance company in Malaysia, always profitable rain or shine and consistent dividend payer. Sadly, it no longer has the 15-20%+ compounded annual growth it used to have 10 years ago - mainly just a dividend stock now. 14/09/2021 10:21 PM unicornbird Lawman thank you for the good article on fire insurance. the problem here is that LPI's fire insurance price is much higher than Great eastern. Public bank bundle LPI fire insurance into their mortgage and force borrowers to buy it at about 50% more expensive than market rate. If bank negara allow borrowers to freely choose their fire insurer, then LPI could suffer? 19/09/2021 2:07 PM Lawman unicornbird Okay so LPI Gross Written Premiums for Fire insurance in 2020 accounts for 41% of total premiums but accounts for the lions share of underwriting surplus at ~64%. I don't really benchmark between the various insurance providers but it seems that fire insurance only amounts to about RM100+ or less for a typical KL condo per year. This is based on amounts I have been paying for my KL condo properties which non seem to use LPI as the master fire insurance provider. Not sure how price sensitive customers are as typically condo management committee will be the ones who chooses which insurance provider to use and get a master fire insurance title for the whole condo building. Public Bank bundling mortgage with fire insurance will go on unless government makes a law against this type of practice but in the meantime LPI will keep benefiting as Public Bank customers will keep using the LPI insurance. 19/09/2021 10:03 PM Lawman So I think issues on fire insurance are quite negligible to LPIs earnings for at least the near/mid term. What is more pressing is that Tan Sri owns ~44% of LPI and at age 91 nobody or at least very few know what will happen in the future to these controlling shares. Who will take over the 44% ownership of LPI and how will LPI management and structure/culture be at that time.... 19/09/2021 10:08 PM unicornbird Lawman thank you for sharing your experience. the founder's age is also my main concern about buying into LPI & Public bank. they may be taken over by other shareholders which can't manage well. Fire insurance can be extremely price sensitive, as we move into digital age. they could be bundled into Grab's / Lazada's online packages. LPI benefit currently from gov's ignorance, but don't think the situation will remain for long. Everyone eyeing the fat pie I dislike also about LPI's focus on fire. If they have more diversified like life insurance, hospitalization, etc. At least they can buffer for shocks 21/09/2021 1:57 PM goody99 I ask the following question in MNRB forum but no response. Maybe someone here is able to help: for an insurance company, the problem is usually the motor claims. Do insurance companies benefited from lockdown as there are less motor theft? Could someone in the general insurance industry please enlighten us? 18/10/2021 9:49 AM unicornbird goody i think insurance company benefit from it. Less traffic, less accident, less payout. But premium is the same 21/11/2021 4:40 PM whocare1982 https://youtu.be/Fyp5TgesJwY EP7:Public Bank,Maybank,CIMB ,Hong Leong Bank,LPI Capital Target Price & Technical Analysis！ 17/12/2021 7:00 PM VivoPrince Prospect for "angpow" is probably keeping LPI's share price steady. Can LPI also usher in the prospect of a bonus issue in the Year of the Tiger? 22/01/2022 8:40 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ All values MYR Thousands. 2021 2020 2019 2018 2017 5-year trend Cash Dividends Paid - Total (290,820.0) (282,852.0) (274,884.0) (252,973.0) (272,228.0) ==== KEY STOCK DATA P/E Ratio (TTM) 16.90(05/18/22) EPS (TTM) RM0.81 Market Cap RM5.43 B (RM 13.74 per share) Shares Outstanding N/A Public Float 145.76 M Yield 5.39%(05/18/22) Latest Dividend RM0.449999988(03/02/22) 18/05/2022 8:19 PM NatsukoMishima Should leave this stock asap to ptevent get div but lose capital ! 18/10/2022 2:17 PM unicornbird Anyone know why the profit drop so much? is it because fire insurance is liberalized? 08/11/2022 9:03 AM 777777 only 35cents dividend???? will sell my share after taking the dividend.PBB also not doing well. may sellmy Pbb shares as well 08/02/2023 2:04 AM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ Security LastPr PE DY% Divcts ROE ttm-marg LPI (Insurance) 12.08 17.4 5 60 12.7 16.7 30/03/2023 4:47 PM Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ LPI Capital's 2Q net profit up 19% on stronger general insurance contribution By Justin Lim / theedgemalaysia.com 25 Aug 2023, 06:21 pm main news image KUALA LUMPUR (Aug 25): LPI Capital Group Bhd’s net profit rose 19.42% to RM63.94 million in the second quarter ended June 30, 2023 (2QFY2023), from RM53.52 million a year ago, driven by higher earnings contribution from the general insurance segment amid higher investment return. Earnings per share increased to 16.05 sen from 13.44 sen. Revenue came in at RM462.36 million, 14.39% higher than the RM404.22 million reported for 2QFY2022, on the back of higher insurance revenue, according to the group's bourse filing on Friday (Aug 25). The insurer, founded by the late banking magnate Tan Sri Teh Hong Piow, declared a first interim dividend of 26 sen per share, compared to 25 sen last year. Totalling RM103.6 million, the dividend represents 75.2% of the group’s net profit attributable to shareholders. It will be paid on Sept 20. For the cumulative six months ended June 30, LPI Capital's net profit grew 16.34% to RM137.78 million, from RM118.42 million in the previous January-June period, as revenue expanded 12.84% to RM925.66 million from RM820.31 million. The better first-half profitability was contributed by higher profit contributions from the general insurance segment, which recorded higher investment return due to net fair value gains of RM17 million in its investment portfolio, compared with net fair value losses of RM11.1 million previously. The increase in revenue for the six-month period was also driven by the general insurance segment. However, it was offset by the investment holding segment, which recorded lower contributions due to lower dividends received. Looking ahead, LPI said it will continue efforts to expand its insurance market share, especially in the fire and miscellaneous accident insurance segments. On top of that, it will also seek new opportunities through various government initiatives. “With prudent underwriting and claims management as its core business philosophy, LPI group also aims to improve the insurance service result in the second half of FY2023,” the group added. At Friday's closing bell, LPI shares settled unchanged at RM11.86, valuing the group at RM4.73 billion. Over the past one year, the stock has dropped 10%. 26/08/2023 5:36 PM Fabien _the efficient capital allocator No one likes LPI anymore? except 3i of course 28/09/2023 10:17 AM VivoPrince Have a feeling LPI will announce its 4Q FY2023 financial results today (alongside the much awaited dividends). 22/02/2024 11:49 AM doubleup One of the best, well-managed dividend counters. Sit back relax and enjoy. 05/04/2024 3:35 PM skc761103 if u guys attend the AGM , when the shareholders asking the top management bout the opinion of depression of the share price recently, the ego aging management response is " we think that our share performance is doing very well".....SPEEECHLESS ,GIVING SAME STANDARD ANSWER LIKE PUBLIC BANK MANAGEMENT, REALLY SISTER COMPANY 08/04/2024 11:52 AM doubleup Yeah, no choice. They really sister company ma. The two big bosses are best friends even though THP passed away. Anyway both all really good companies making tons of money and paying good dividends for donkey years. Can't help it if they arrogant a bit. 16/04/2024 9:36 PM BlackFish SKC761103 Bro, u dun like TSDS THP style but u like to keep his company in ur investment portfolio 😂😂 18/04/2024 6:05 PM skc761103 Black Fish, i kept his company years before THP passed away. At that time share performance for both company is doing very well with solid financial results but management after THP nowadays only good in playing TAICHI...ALL SITTING IN CONFORT ZONE FOR SO LONG 22/04/2024 10:32 AM liowst Any idea where can I see the comparison of stocks in the same industry? Wonder what is the PE for other stocks in Financial sector. LPI PE at 14 and the NTA seems to be pretty low at 5.54 comparing to the current share price at 11.80 29/04/2024 1:59 PM  raymondroy wow best qtr results thus far.... breached 6 figure profit for the first time in its history.... time to buy 29/04/2024 2:41 PM alibiii frankly i dunno how to judge future prospect of insurance companies as the earning is influenced greatly by investment income and claim amounts where the companies have very little control. LPI revenues seemed flattish but current quarter profit is among the highest in past few years 29/04/2024 3:02 PM raymondroy baldy hell..... right after i buy it goes down :-( hahahaha.... so thinly traded 29/04/2024 3:11 PM teknikal LPI Capital’s 1Q net profit surges 37%, shares turn positive after results https://theedgemalaysia.com/node/709704 29/04/2024 3:44 PM Gun8811 The management of LPI is a group of old people who spend the rest of their lives sitting in the office, earning high salaries every month, and the stock price has nothing to do with them. 29/04/2024 8:50 PM teknikal LPI’s 1QFY24 results beat expectations as net claims appeared lower following reversal of past claims provisions, prompting us to raise our FY24F-FY25F earnings by 13%-4%. We see that there could be more intensive competition especially in the fire class insurance segment, but are not overly deterred by LPI’s position, thanks to their backing from a leading bank. We maintain OUTPERFORM call but raise our TP to RM15.00 (from RM14.70) as we roll over our valuations. Kenanga Research 30/04/2024 9:14 AM KingKKK This is a BORING stock with strong fundamental, dividend yield 5.5% better than keep in bank FD. 30/04/2024 10:33 AM  | |
