United Overseas Insurance's Insurance Revenue Slips in Q1

MT Newswires

05/05

United Overseas Insurance's (SGX:U13) insurance revenue dropped to SG$24.9 million in the first quarter of the year from SG$27.3 million a year earlier, according to a Monday filing with the Singapore Exchange.

Shares of the insurance services provider were down under 1% in late Tuesday morning trading.

Total comprehensive income also fell to SG$5.1 million from SG$12.6 million, while non-underwriting income slipped year on year to SG$100,000 from SG$3.7 million.

Meanwhile, net insurance service and financial results came in at SG$4.4 million, compared with SG$4.1 million in Q1 2025.

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