Tune Protect Group reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported profit attributable to owners of the parent of MYR 11.94 million or 1.59 sen per basic and diluted share compared to MYR 22.63 million or 3.01 sen per basic and diluted share a year ago. Net earned premiums were MYR 77.11 million compared to MYR 82.64 million a year ago. Operating revenue was MYR 130.1 million compared to MYR 129.54 million a year ago. Profit before taxation was MYR 15.1 million compared to MYR 26 million a year ago. Net cash generated from operating activities was MYR 22.733 million against MYR 23.32 million a year ago. Purchase of property and equipment was MYR 0.3 million against MYR 0.530 million a year ago. Purchase of intangible assets was MYR 0.3 million against MYR 0.124 million a year ago. The group's operating revenue increased due to increase of MYR 1.8 million in gross earned premiums, but offset by decrease of MYR 1.2 million in investment income mainly from reversal of MMIP investment income. The higher GEP came from fire class which was offset by decreases in motor, travel and marine classes of general insurance business, as well as in travel business of Philippines and Indonesia markets of general reinsurance business. The decrease of MYR 10.9 million or 42% in group's profit before tax mainly due to: decrease of MYR 5.5 million in net earned premiums mainly in Malaysia, Philippines, Thailand and Indonesia markets of general reinsurance business, offset by increase in Motor class of general insurance business; Increase of MYR 3.0 million in net claims mainly from Motor class of RM7.2 million, Marine class of MYR 1.5 million and Liabilities class of MYR 0.6 million in general insurance business, offset by MMIP claims write back of MYR 4.7 million and improvement in net claims of MYR 1.6 million in general reinsurance business; Decrease of MYR 1.2 million in investment income, mainly due to reversal of over recognition of MMIP investment income in general insurance business; Reduction of MYR 1.0 million in share of profits from oversea ventures.