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United Overseas Insurance reports 15.5% lower 2Q earnings of $6.9 mil; declares 8.5 cents interim dividend

Michelle Zhu
Michelle Zhu7/18/2018 11:24 PM GMT+08  • 2 min read
United Overseas Insurance reports 15.5% lower 2Q earnings of $6.9 mil; declares 8.5 cents interim dividend
SINGAPORE (July 18): United Overseas Insurance (UOI) reported earnings of $6.9 million for the quarter ended May, down 15.5% from 2Q17 earnings of $8.2 million a year ago due to lower profit from both underwriting and non-underwriting income.
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SINGAPORE (July 18): United Overseas Insurance (UOI) reported earnings of $6.9 million for the quarter ended May, down 15.5% from 2Q17 earnings of $8.2 million a year ago due to lower profit from both underwriting and non-underwriting income.

This brings the company’s earnings for 1H18 to $11.4 million, representing a 24.8% decline from $15.2 million a year ago.

Gross premium for the latest quarter fell 0.9% to $29.5 million from $29.8 million a year ago.

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