LPI Capital sells and distributes premier general insurance in Malaysia, Singapore and Cambodia by ‘providing personal, project, and operational coverage for both individuals and commercial entities’. It was incorporated as a private limited company in 1962 and listed as a public company in December 1972.
LPI has been helmed by founder and chairman Teh Hong Piow, the third richest man in Malaysia, for more than 40 years. He received a round of applause when he entered the meeting hall at LPI’s 2019 annual general meeting. Shareholders showed a sense of respect to the board of directors and management partly due to LPI’s remarkable stock price performance since it listed:
Source: Google Finance
As at 31 December 2018, LPI owns 21 branches in Malaysia and one in Singapore under its wholly-owned subsidiary Lonpac Insurance. Its Cambodian business is managed by its 45%-owned Campu Lonpac Insurance Plc.
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