United Overseas Insurance (UOI)

"Evolve or die. That’s what’s happening here." - Bridgewater Associates CEO Nir Bar Dea.

Wee will retire by rotation and not seek a re-election at the group’s AGM, which will be held on April 14.

UOI has posted earnings of $11.6 million in 1HFY21 ended June 30 up 35.4% from the $8.6 million logged in the year before.

United Overseas Insurance (UOI) reported a 67.5% plunge in 1Q2020 earnings ended March to $3.7 million from a year ago.

SINGAPORE (Dec 18): United Overseas Insurance (UOI) is acquiring an office property located at 146 Robinson Road from United Overseas Bank (UOB) for $52 million, the group reported on Wednesday. 

SINGAPORE (July 30): United Overseas Insurance reported a 21.2% rise in 2Q earnings ended June to $8.4 million from a year ago.

SINGAPORE (Feb 12): United Overseas Insurance reported a 27.7% drop in FY18 earnings to $23.8 million from $32.9 million a year ago.

(Oct 11): United Overseas Bank is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said.

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.

SINGAPORE (Feb 5): United Overseas Insurance (UOI) reported a 72.9% rise in 4Q17 profit after tax to $12.3 million, bringing FY17 profit after tax to $32.9 million.