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UOI sees 35.4% increase in earnings in 1H2021 following lower claims

Amala Balakrishner
Amala Balakrishner7/29/2021 9:8 PM GMT+08  • 3 min read
UOI sees 35.4% increase in earnings in 1H2021 following lower claims
UOI has posted earnings of $11.6 million in 1HFY21 ended June 30 up 35.4% from the $8.6 million logged in the year before.
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United Overseas Insurance (UOI) – the insurance arm of the United Overseas Bank (UOB) - has posted earnings of $11.6 million in 1HFY21 ended June, up 35.4% from the $8.6 million logged in the year before.

On a fully diluted basis, this translates to earnings per share (EPS) of 37.91 cents, up 35.4% from the 28 cents seen in 1HFY20.

With this, UOI’s net asset value per share stood at $7.26 in 1HFY21, compared to $6.94 in the previous year.

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