UOI posts $32.3m full-year profit, hikes dividend to 26.5 cents
Insurance revenue up 2%, whilst service result falls 21%.
United Overseas Insurance Limited (UOI) recorded a profit after tax of $32.3m and a profit before tax of $31.9m for the financial year ended 31 December 2025.
Earnings per share increased to 52.81 cents from 48.74 cents in the prior year, according to the financial statement.
Performance included a tax refund from prior assessments. Insurance revenue grew 2% to $115.4m, whilst the insurance service result declined 21% to $15.8m.
Non-underwriting income rose to $16.6m from $14.4m, aided by dividend income. Total comprehensive income for the year reached $67.5m, including $35.2m in other comprehensive income from unrealised gains on equity securities and property valuations.
UOI reported total assets of $652.15m and total equity of $523.1m as at 31 December 2025. The company holds no borrowings, contingent liabilities, or loan capital, according to the financial statement.
The board of directors recommended a final dividend of 19.5 cents per share, bringing the total dividend for the year to 26.5 cents per share, up from 23 cents per share paid in 2024.
Final dividend payments are scheduled for 22 May 2026, subject to shareholder approval.
In the independent auditor’s report, Ernst & Young LLP identified the valuation of insurance contract liabilities and assets as a key audit matter.