United Overseas Insurance Limited · SGX:U13
United Overseas Insurance — FY2022 Earnings Presentation
15 slides from United Overseas Insurance's earnings presentation, 2023
Slide 1: United Overseas Insurance Limited Financial Highlights For Full Year 2022 Results
United Overseas Insurance Limited Financial Highlights For Full Year 2022 Results Private and Confidential
Slide 2: Profit For The Financial Year
Profit For The Financial Year ($’000) 2022 2021 Change Gross Premium 98,987 97,419 + 1.6% Underwriting Profit 21,169 20,763 + 2.0% Other Income 618 12,002 - 94.9% Profit Before Tax 21,787 32,765 - 33.5%
Slide 3: Selected Balance Sheet Items As At Year End
Selected Balance Sheet Items As At Year End ($’000) 2022 2021 Change Total Assets 619,906 655,783 - 5.5% Net Technical Balances 68,095 68,464 - 0.5% Shareholders’ Equity 419,585 448,212 - 6.4%
Slide 4: Financial Ratios
Financial Ratios (Cents) 2022 2021 Dividend declared per share • Interim 8.50 8.50 • Final 8.50 8.50 • Special 4.00 8.00 Total 21.00 25.00 NAV per share (1) $6.86 $7.33 (1) NAV – net asset value
Slide 5: Five-year Development: Gross Premium
Five-year Development (i) Gross Premium ($ Million) 120 105.94 103.26 96.86 97.42 98.99 100 80 60 40 20 0 2018 2019 2020 2021 2022
Slide 6: Five-year Development: Underwriting Profit
Five-year Development (ii) Underwriting Profit ($ Million) 30 24.50 24.44 25 21.05 20.76 21.17 20 15 10 5 0 2018 2019 2020 2021 2022
Slide 7: Five-year Development: Other Income
Five-year Development (iii) Other Income ($ Million) 25 21.82 20 15 12.00 10 8.46 5 1.29 0.62 0 2018 2019 2020 2021 2022
Slide 8: Five-year Development: Profit Before Tax
Five-year Development (iv) Profit Before Tax ($ Million) 50 46.26 40 32.76 29.51 30 25.79 21.79 20 10 0 2018 2019 2020 2021 2022
Slide 9: Five-year Development: Total Assets
Five-year Development (v) Total Assets ($ Million) 700 655.78 635.66 637.88 610.72 619.91 600 500 400 300 200 100 0 2018 2019 2020 2021 2022
Slide 10: Five-year Development: Net Technical Balances
Five-year Development (vi) Net Technical Balances ($ Million) 80 72.74 71.09 70 67.84 68.46 68.10 60 50 40 30 20 10 0 2018 2019 2020 2021 2022
Slide 11: Five-year Development: Shareholders' Equity
Five-year Development (vii) Shareholders’ Equity ($ Million) 500 448.21 418.27 424.40 419.59 400 378.37 300 200 100 0 2018 2019 2020 2021 2022
Slide 12: Five-year Development: Earnings Per Share
Five-year Development (viii) Earnings Per Share (basic & diluted) (Cents) 70.0 66.1 60.0 50.0 43.5 39.0 39.4 40.0 30.0 27.4 20.0 10.0 0.0 2018 2019 2020 2021 2022
Slide 13: Five-year Development: Dividend Declared Per Share
Five-year Development (ix) Dividend Declared Per Share (Cents) 30 25 7.00 8.00 20 5.00 4.00 4.00 15 10 17.00 17.00 17.00 17.00 17.00 5 0 2018 2019 2020 2021 2022
Slide 14: Five-year Development: Net Asset Value Per Share
Five-year Development (x) Net Asset Value Per Share ($) 8.00 7.33 6.84 6.94 6.86 7.00 6.19 6.00 5.00 4.00 3.00 2.00 1.00 0.00 2018 2019 2020 2021 2022
Slide 15: Member of the UOB Group
itt UOL Member of the UOB Group
United Overseas Insurance — FY2022 Earnings Presentation on 6ix