Target Insurance (Holdings) Limited provided earnings guidance for the year ended December 31, 2018. For the year, the company anticipated that the group will record a loss before tax of approximately over HKD 125 million for the year ended 31 December 2018 as compared with the net profit for the last corresponding year. The loss was due to the substantial increase in net insurance claims and loss adjustment expenses of approximately HKD 98 million caused by the increase of claims frequency and claims severity.