United Overseas Insurance Limited (SGX:U13)

United Overseas Insurance Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	113.51	94.45	94.88	40.94	41.42
Total Interest & Dividend Income	17.4	16.09	13.19	12.76	13.7
Gain (Loss) on Sale of Investments	0.5	1.16	-8.57	-1.32	-0.04
Other Revenue	-6.91	0.32	-9.57	0.38	-1.99
Total Revenue	124.5	112.01	89.92	52.76	53.09
Revenue Growth (YoY)	11.15%	24.56%	70.44%	-0.63%	-23.29%
Policy Benefits	93.56	71.46	48.41	11.79	11.66
Policy Acquisition & Underwriting Costs	-	-	-	18	17.96
Depreciation & Amortization	0.28	0.28	0.27	1.9	1.81
Selling, General & Administrative	1.3	1.32	1.33	1.44	1.33
Other Operating Expenses	1.83	2.75	1.47	5.42	5.41
Reinsurance Income or Expense	-	-	-22.51	24.25	23.83
Total Operating Expenses	96.96	75.81	73.98	23.44	21.99
Operating Income	27.54	36.2	15.94	29.32	31.1
Interest Expense	-	-	-0.83	-	-
Currency Exchange Gain (Loss)	6.39	-2.99	5.64	0.67	0.55
EBT Excluding Unusual Items	33.93	33.21	20.76	30	31.65
Gain (Loss) on Sale of Assets	-	-	-	-0.02	-
Asset Writedown	-	-	3.22	2.79	-2.15
Pretax Income	33.93	33.21	23.98	32.77	29.51
Income Tax Expense	4.13	3.95	5.05	6.18	5.4
Net Income	29.8	29.26	18.93	26.59	24.1
Net Income to Common	29.8	29.26	18.93	26.59	24.1
Net Income Growth	1.85%	54.55%	-28.79%	10.30%	-40.33%
Shares Outstanding (Basic)	61	61	61	61	61
Shares Outstanding (Diluted)	61	61	61	61	61
EPS (Basic)	0.49	0.48	0.31	0.43	0.39
EPS (Diluted)	0.49	0.48	0.31	0.43	0.39
EPS Growth	1.85%	54.55%	-28.79%	10.30%	-40.33%
Free Cash Flow	3.95	21.37	5.02	4	-0.31
Free Cash Flow Per Share	0.07	0.35	0.08	0.07	-0.01
Dividend Per Share	0.170	0.170	0.170	0.170	0.170
Operating Margin	22.12%	32.32%	17.73%	55.58%	58.58%
Profit Margin	23.94%	26.13%	21.06%	50.40%	45.40%
Free Cash Flow Margin	3.17%	19.07%	5.59%	7.57%	-0.57%
EBITDA	29.13	37.67	17.16	30.02	31.58
EBITDA Margin	23.40%	33.63%	19.09%	56.90%	59.49%
D&A For EBITDA	1.6	1.47	1.22	0.7	0.48
EBIT	27.54	36.2	15.94	29.32	31.1
EBIT Margin	22.12%	32.32%	17.73%	55.58%	58.58%
Effective Tax Rate	12.16%	11.89%	21.04%	18.85%	18.31%

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.