KUALA LUMPUR, Aug 21 — Tune Protect Group Bhd posted a lower net profit or RM10.71 million in its second quarter ended June 30, 2019, compared to the RM12.81 million recorded a year earlier.
In the quarter under review, gross written premiums increased 2.6 per cent year-on-year to RM125.2 million on higher GWP of RM107.4 million recorded by the group’s Malaysian general insurance subsidiary, Tune Protect Malaysia . In a press statement, it said the business portfolio restructuring initiative aimed at achieving the preferred portfolio mix of 30 per cent motor and 70 per cent non-motor was part of the group’s strategy to ensure the sustainability and profitability of its Malaysian general insurance business.
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