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UOI reports 21% rise in 2Q earnings of $8.4 mil on higher non-underwriting income profit

PC Lee
PC Lee • 1 min read
UOI reports 21% rise in 2Q earnings of $8.4 mil on higher non-underwriting income profit
SINGAPORE (July 30): United Overseas Insurance reported a 21.2% rise in 2Q earnings ended June to $8.4 million from a year ago.
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SINGAPORE (July 30): United Overseas Insurance reported a 21.2% rise in 2Q earnings ended June to $8.4 million from a year ago.

This brings 1H19 earnings to $19.8 million, 73.4% higher than a year ago,

In 2Q19, gross premium increased 3.6% to $30.6 million. Net earned premium fell 6.6% to $9.6 million while net claims incurred incurred increased 73.2% to $3.5 million.

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