United Overseas Insurance
UOI bets on hybrid insurance model as customers seek both digital ease and human touch
It also offers specialised products that meet specific consumer needs, such as Singapore’s first dedicate cruise insurance
UOI 9-month comprehensive income rises 34.9% to S$40.6 million on investment gains
The improvement is mainly driven by better returns from equity and fixed-income investments
United Overseas Insurance aims to increase technology investments by almost 50% by 2029
[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, will increase its technology investments by almost 50 per cent from 2023 levels by 2029.
UOI H1 profit falls 39.1% to S$8.6 million, declares lower dividend of S$0.07 per share
Insurance revenue rises 12.2% in the first half-year to S$57.2 million
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million
The real prize in minority investor action at UOI could well be Haw Par Corp
UOI’s high capital ratios and concentrated position in Haw Par shares are probably not an accident; UOB is itself a holder of 17.4 million such shares
Minority shareholders request UOI to distribute Haw Par shares, unlock shareholder value
All shareholder requests and questions will be addressed at the insurer’s upcoming AGM, says UOI CEO
UOI’s H2 profit down 9.8% at S$15.6 million
For the full year, profit comes in at S$29.8 million, a 1.7% increase from S$29.3 million in the previous fiscal year
UOI profit before tax down 2% to S$22.1 million amid fall in net insurance service and financial results
Its insurance revenue is 14% up to S$79.4 million; other income is 8% higher to S$10.3 million
United Overseas Insurance declares S$0.085 dividend per share on higher H1 2024 earnings
UNITED Overseas Insurance (UOI) reported an 18.8 per cent growth in its earnings for the first half of 2024 to S$14.2 million, from S$11.9 million in the first half of 2023.
