Target Insurance (Holdings) Limited provided earnings guidance for the year ending 31 December 2016. For the period, it is anticipated that the Group will record a net loss for the year ending 31 December 2016 as compared with the net profit for the last corresponding year. Apart from the substantial increase of net insurance claims and loss adjustment expenses due to the increase of claims frequency, the estimated net loss was attributable by the impairment loss of available-for-sale financial assets of not less than HKD 40 million for the year ending 31 December 2016.