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United Overseas Insurance posts $6.73m in H1 2025

In H1 2025, earnings per share stood at $0.22.

United Overseas Insurance’s January to June (H1 2025) earnings dipped 39.1% year-on-year (YoY) to $6.73m (S$8.63m).

During the six-month period, its insurance revenue increased 12.2% YoY to $44.59m (S$57.17m).

However, this was offset by higher insurance service expense, which also increased 28.7% to $31.16m (S$39.94m), primarily due to higher gross incurred claims, increased actuarial reserves, and rising acquisition and administrative costs.

Net expenses from reinsurance contracts also rose by $0.39m (S$0.5m). As a result, the insurance service result fell 38.5% to $4.13m (S$5.3m).

In H1 2025, earnings per share stood at $0.22 (S$0.2825), contracting 39.1% YoY.

Despite operating in a saturated and highly competitive local insurance market, the company expects steady growth supported by digital adoption and growing demand for private insurance products.

“The investment landscape is marked by market fluctuations, tariff uncertainty and global geopolitical headwinds. The Company exercises defensive strategies in preserving capital through diversifying portfolio risk across its asset classes and allocation of funds with two fund managers,” the company said in a media release.

($1.00 = S$1.29)
 

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