SINGAPORE (Feb 5): United Overseas Insurance (UOI) reported a 72.9% rise in 4Q17 profit after tax to $12.3 million, bringing FY17 profit after tax to $32.9 million.
Gross premium written for 4Q17 decreased by 0.6% to $21.3 million from a year ago.
Net earned premium increased by 2.9% to $11.7 million in 4Q17 compared to 4Q16 due to an increase in policy retention.
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