Invest
Will United Overseas Insurance Ltd Give You A 10% Return?
By Value Invest Asia  •  May 15, 2019

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...
Read the full article
By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance