Trade United Overseas Insurance Limited - U13sg CFD

Trading Conditions

• Type: CFD
• Spread: 0.268
• Long position overnight funding adjustment: -0.01368%
• Short position overnight funding adjustment: -0.00824%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: SGD
• Min traded quantity: 1
• Margin: 5.00%
• Stock exchange: Singapore
• Commission on trade: 0%
• Guaranteed stop premium: 1%

Key Stats

• Prev. Close: N/A
• Open: 7.802
• 1-Year Change: N/A
• Day's Range: 7.802 - 7.901

United Overseas Insurance Limited Company profile

About United Overseas Insurance Limited

United Overseas Insurance Limited (UOI) is a Singapore-based company that is engaged in the underwriting of the general insurance business and reinsurance. The Company's general insurance covers a range of classes of insurance, which include fire, marine, motor, engineering, general accident and liability business. The Company's segments include Singapore Insurance Fund (SIF), which is for insurance business relating to Singapore policies; Offshore Insurance Fund (OIF), which is for insurance business relating to offshore policies and Shareholders' Fund (SHF), which relates to the Company's investment activities of its non-insurance funds. UOI provides management services for Union (2009) Limited. The Company's Singapore and international operations are supported by insurance brokers, agents and international reinsurance companies.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, United Overseas Insurance Limited revenues decreased 10% to SP$49.9M. Net income increased 10% to SP$26.6M. Revenues reflect Interest income from investments decrease of 10% to SP$8M, Net earned premium decrease of 1% to SP$40.9M. Net income reflects GAAP Expense Ratio - %-Commission Ratio decrease of 8% to -15.3%, Exchange gains/(losses) decrease from SP$3.3M (expense) to SP$5.8M (income).

Equity composition

06/2007, Rights Issue, 1 new share for every 2 shares held @ SGD 2.5 (Factor: 1.253290).