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UOI 2Q earnings rise 63% to $8.2 mil

PC Lee
PC Lee7/18/2017 8:25 PM GMT+08  • 1 min read
UOI 2Q earnings rise 63% to $8.2 mil
SINGAPORE (July 18): United Overseas Insurance reported 2Q earnings rose 62.7% to $8.2 million from a year ago.
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SINGAPORE (July 18): United Overseas Insurance reported 2Q earnings rose 62.7% to $8.2 million from a year ago.

Profit before tax increased to $9.6 million due to higher profit from both underwriting and non-underwriting income.

UOI says gross premium decreased by $0.8 million or 2.8% to $29.8million. Net earned premium decreased by $0.4 million or 3.8% in 2Q17 as compared to 2Q16.

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