Founded in 1971, United Overseas Insurance Ltd (UOI) is an SGX-listed insurance company where it provides a few classes of general insurance products such as fire, general accident and marine. Presently, as of 10 April 2019, UOI is worth a total of S$ 4.43 billion in market capitalisation.
In this article, I’ll cover its latest financial results and valuation figures based on its current stock price of S$ 7.25 a share. Thus, here are 11 main things to know about UOI before you invest.
Insurance Class 1: Fire
Gross Written Premium (GWP) had increased to S$ 41.6 million in 2018 from S$ 30.1 million in 2009. Its Underwriting Profits (UP) had grown at a faster rate as it doubled to S$ 17.0 million in 2018, from S$ 8.8 million in 2009. This is attributable to lower net claims incurred and a rise in its reinsurance commissions received, particularly over the last