Target Insurance (Holdings) Limited announced earnings results guidance for the six months ended June 30, 2018. For the period, the company anticipated that the Group will record a net loss of approximately HKD 55 million for the six months ended 30 June 2018 as compared with the net profit for the last corresponding period. Apart from the substantial increase in net insurance claims and loss adjustment expenses of approximately HKD 28 million due to the increase of claims frequency and claims severity, the estimated net loss was attributable by the reduction of investment income of approximately HKD 23 million for the six months ended 30 June 2018.