Net commission expense increased by 25.8% to $3.164 million in light of higher premium income and profit commission accrual.
SINGAPORE (Nov 13): Singapore Reinsurance reported a 8% rise in 3Q earnings to $1.93 million from $1.8 million a year ago.
The group’s gross written premium rose 24.8% to $39.56 million due to new business and higher premiums, as well as timing difference in receipt and booking of statement of accounts.
