United Overseas Insurance Limited (SGX: U13)

United Overseas Insurance Income Statement

Financials in millions SGD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	99	94.45	94.88	40.94	41.42	42.35
Total Interest & Dividend Income	18.16	17.02	13.19	12.76	13.7	17.21
Gain (Loss) on Sale of Investments	2.08	1.16	-8.57	-1.32	-0.04	9.37
Other Revenue	-0.66	3.15	-9.57	0.38	-1.99	0.28
Total Revenue	118.57	115.77	89.92	52.76	53.09	69.2
Revenue Growth (YoY)	7.53%	28.75%	70.44%	-0.63%	-23.28%	69.15%
Policy Benefits	41.86	39.3	48.41	11.79	11.66	10.94
Policy Acquisition & Underwriting Costs	-	-	-	18	17.96	20.74
Depreciation & Amortization	0.28	0.28	0.27	1.9	1.81	1.41
Selling, General & Administrative	1.31	1.32	1.33	1.44	1.33	1.17
Other Operating Expenses	2.69	2.75	1.47	5.42	5.41	5.02
Reinsurance Income or Expense	-33.62	-32.16	-22.51	24.25	23.83	28.18
Total Operating Expenses	79.77	75.81	73.98	23.44	21.99	19.78
Operating Income	38.81	39.97	15.94	29.32	31.1	49.42
Interest Expense	-0.94	-0.94	-0.83	-	-	-
Currency Exchange Gain (Loss)	-2.55	-5.82	5.64	0.67	0.55	-3.16
EBT Excluding Unusual Items	35.32	33.21	20.76	30	31.65	46.26
Gain (Loss) on Sale of Assets	-	-	-	-0.02	-	-0
Asset Writedown	-	-	3.22	2.79	-2.15	-
Pretax Income	35.32	33.21	23.98	32.77	29.51	46.26
Income Tax Expense	3.81	3.95	5.05	6.18	5.4	5.87
Earnings From Continuing Ops.	31.51	29.26	18.93	26.59	24.1	40.39
Net Income	31.51	29.26	18.93	26.59	24.1	40.39
Net Income to Common	31.51	29.26	18.93	26.59	24.1	40.39
Net Income Growth	32.71%	54.55%	-28.79%	10.31%	-40.32%	69.49%
Shares Outstanding (Basic)	61	61	61	61	61	61
Shares Outstanding (Diluted)	61	61	61	61	61	61
EPS (Basic)	0.52	0.48	0.31	0.43	0.39	0.66
EPS (Diluted)	0.52	0.48	0.31	0.43	0.39	0.66
EPS Growth	32.71%	54.55%	-28.79%	10.31%	-40.32%	69.49%
Free Cash Flow	9.55	21.37	5.02	4	-0.31	0.16
Free Cash Flow Per Share	0.16	0.35	0.08	0.07	-0.00	0.00
Dividend Per Share	0.170	0.170	0.170	0.170	0.170	0.170
Operating Margin	32.73%	34.52%	17.73%	55.58%	58.58%	71.41%
Profit Margin	26.57%	25.28%	21.06%	50.40%	45.40%	58.37%
Free Cash Flow Margin	8.05%	18.45%	5.59%	7.57%	-0.57%	0.23%
EBITDA	40.36	41.44	17.16	30.02	31.58	49.51
EBITDA Margin	34.04%	35.79%	19.09%	56.90%	59.49%	71.55%
D&A For EBITDA	1.55	1.47	1.22	0.7	0.48	0.09
EBIT	38.81	39.97	15.94	29.32	31.1	49.42
EBIT Margin	32.73%	34.52%	17.73%	55.58%	58.58%	71.41%
Effective Tax Rate	10.79%	11.89%	21.04%	18.85%	18.31%	12.68%

Source: S&P Capital IQ. Insurance template. Financial Sources.