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United Overseas Insurance 1Q earnings dip 0.6% to $7 mil

Jude Chan
Jude Chan4/19/2017 06:45 PM GMT+08  • 2 min read
United Overseas Insurance 1Q earnings dip 0.6% to $7 mil
SINGAPORE (April 19): United Overseas Insurance saw 1Q earnings fall marginally by 0.6% to $7.0 million.
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SINGAPORE (April 19): United Overseas Insurance saw 1Q earnings fall marginally by 0.6% to $7.0 million.

For the first quarter ended March 31, gross premium declined 4.9% to $28.9 million, while net earned premium fell 9.2% to $10.8 million.

In a filing to SGX, United Overseas Insurance says this was largely attributable to timing difference in premium declarations. It adds that there was “no apparent significant loss in business”.

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