Target Insurance (Holdings) Limited provided group earnings guidance for the six months ended 30 June 2016. The management accounts of the group for the six months ended 30 June 2016 and the financial information currently available, it is anticipated that the Group will record a decrease of not less than 20% in net profit for the six months ended 30 June 2016 as compared with the corresponding period last year. Despite of the continued increase in net insurance premium revenue, such decrease in net profit was mainly attributable to the substantial increase of net insurance claims and loss adjustment expenses during the six months ended 30 June 2016.