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UOI posts 2.9% rise in full-year earnings
Published Wed, Feb 11, 2015 · 09:50 PM
Singapore
UNITED Overseas Insurance (UOI) has reported a 2.9 per cent rise in financial year 2014 net profit to S$28.2 million. This was despite a 1.2 per cent dip in gross premiums written for the full year to S$108.1 million, due to portfolio pruning.
Net earned premiums rose slightly to S$44.6 million, while net claims incurred fell 9.5 per cent to S$18.4 million.
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