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UOI posts 73% rise in 4Q profit after tax to $12.3 mil; says prudence is best policy in its outlook

PC Lee
PC Lee2/5/2018 10:03 PM GMT+08  • 2 min read
UOI posts 73% rise in 4Q profit after tax to $12.3 mil; says prudence is best policy in its outlook
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.
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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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