United Overseas Insurance reports 15.5% lower 2Q earnings of $6.9 mil; declares 8.5 cents interim dividend

SINGAPORE (July 18): United Overseas Insurance (UOI) reported earnings of $6.9 million for the quarter ended May, down 15.5% from 2Q17 earnings of $8.2 million a year ago due to lower profit from both underwriting and non-underwriting income.

This brings the company’s earnings for 1H18 to $11.4 million, representing a 24.8% decline from $15.2 million a year ago.