Latest news with #UnitedOverseasInsurance
Business Times
6 days ago
- Business
- Business Times
United Overseas Insurance aims to increase technology investments by almost 50% by 2029
[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, will increase its technology investments by almost 50 per cent from 2023 levels by 2029. This will involve rolling out digital initiatives designed to enhance customer journeys and upgrading the insurer's core technology infrastructure, it said on Wednesday (Aug 13). 'These enhanced capabilities will enable the company to scale operations, improve service delivery, and respond more effectively to evolving customer expectations.' A digital intermediary portal launching in August will enable intermediaries to reach a broader customer base, especially those underserved by traditional channels. Motor and travel insurance now have fully digitalised product journeys, offering customers greater convenience and accessibility. UOI plans to extend this digital experience across all products by 2026. UOI will also streamline customer engagement and service feedback through messaging apps such as WhatsApp. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up On Wednesday, the group further said that it plans to increase talent acquisition by more than 60 per cent by 2029 in Singapore and across the region. This will support the insurer's accelerated growth and help it implement succession planning. UOI also said it is expanding its insurance products to meet the needs of its customers. For instance, it partnered UOB to launch InsureCruise, Singapore's first dedicated cruise insurance to address specific risks such as missed port departures, itinerary changes due to weather, and on-board medical emergencies. 'Unlike standard travel insurance plans, this plan helps customers avoid paying for benefits that are unnecessary for a cruise trip, such as rental vehicle excess or flight misconnection coverage,' UOI said.
Yahoo
03-08-2025
- Business
- Yahoo
United Overseas Insurance Limited (SGX:U13) Stock Goes Ex-Dividend In Just Two Days
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see United Overseas Insurance Limited (SGX:U13) is about to trade ex-dividend in the next two days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase United Overseas Insurance's shares before the 6th of August to receive the dividend, which will be paid on the 19th of August. The company's upcoming dividend is S$0.07 a share, following on from the last 12 months, when the company distributed a total of S$0.21 per share to shareholders. Looking at the last 12 months of distributions, United Overseas Insurance has a trailing yield of approximately 2.7% on its current stock price of S$8.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether United Overseas Insurance can afford its dividend, and if the dividend could grow. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. United Overseas Insurance paid out a comfortable 39% of its profit last year. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Check out our latest analysis for United Overseas Insurance Click here to see how much of its profit United Overseas Insurance paid out over the last 12 months. Have Earnings And Dividends Been Growing? Businesses with shrinking earnings are tricky from a dividend perspective. If earnings fall far enough, the company could be forced to cut its dividend. Readers will understand then, why we're concerned to see United Overseas Insurance's earnings per share have dropped 9.7% a year over the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. United Overseas Insurance has delivered 2.4% dividend growth per year on average over the past 10 years. The Bottom Line Is United Overseas Insurance an attractive dividend stock, or better left on the shelf? United Overseas Insurance's earnings per share are down over the past five years, although it has the cushion of a low payout ratio, which would suggest a cut to the dividend is relatively unlikely. At best we would put it on a watch-list to see if business conditions improve, as it doesn't look like a clear opportunity right now. However if you're still interested in United Overseas Insurance as a potential investment, you should definitely consider some of the risks involved with United Overseas Insurance. In terms of investment risks, we've identified 2 warning signs with United Overseas Insurance and understanding them should be part of your investment process. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-07-2025
- Business
- Yahoo
AM Best Affirms Credit Ratings of United Overseas Insurance Limited
SINGAPORE, July 25, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of "aa-" (Superior) of United Overseas Insurance Limited (UOI) (Singapore). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect UOI's balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management. In addition, UOI's ratings factor in rating enhancement from the company's ultimate majority ownership by, and importance to, United Overseas Bank Limited (UOB), a leading banking corporation in Asia. UOI's balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which is expected to remain comfortably at the strongest level over the medium term, as measured by Best's Capital Adequacy Ratio (BCAR). UOI has demonstrated good internal capital generation over time. The company's shareholder equity increased by 5.9% in 2024, supported by unrealised investment gains and good earnings retention. AM Best views UOI's investment portfolio to have moderate risk, comprising mainly high-quality fixed-income securities, cash and deposits, albeit with a moderate exposure to equity investments. In addition, balance sheet volatility arising from large loss and catastrophe losses is mitigated through reinsurance, and the company's credit risk is mitigated by a reinsurance panel that consists of well-rated counterparties. AM Best views the company's operating performance as very strong, supported by exceptionally strong and consistent underwriting results. UOI's disciplined underwriting approach and access to a defensible fire segment of the Singapore non-life insurance market have contributed to consistently stable earnings. The company's underwriting performance remained highly profitable in 2024, driven by its strong insurance revenue growth. Investment returns remained favourable and continued to be an important contributor to overall earnings. As the sole insurance subsidiary of UOB, UOI benefits from cross-selling insurance policies to UOB customers. The company's affiliation with its banking parent enables good access to business through the bancassurance channel. UOI's underwriting portfolio remains focused predominantly in Singapore, whereby approximately three quarters of gross premium is sourced domestically. Regional business expansion over the medium term is expected to be aligned with opportunities arising in connection with the group's strategy. Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Susan Tan Senior Financial Analyst +65 6303 5023 Chris Lim, FCII, CFA Associate Director, Analytics +65 6303 5018 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
United Overseas Insurance Limited (SGX:U13) Goes Ex-Dividend Soon
Readers hoping to buy United Overseas Insurance Limited (SGX:U13) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is commonly two business days before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase United Overseas Insurance's shares on or after the 5th of May, you won't be eligible to receive the dividend, when it is paid on the 16th of May. The company's upcoming dividend is S$0.145 a share, following on from the last 12 months, when the company distributed a total of S$0.23 per share to shareholders. Based on the last year's worth of payments, United Overseas Insurance stock has a trailing yield of around 3.0% on the current share price of S$7.75. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether United Overseas Insurance can afford its dividend, and if the dividend could grow. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately United Overseas Insurance's payout ratio is modest, at just 35% of profit. Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend. Check out our latest analysis for United Overseas Insurance Click here to see how much of its profit United Overseas Insurance paid out over the last 12 months. When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're discomforted by United Overseas Insurance's 5.9% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the past 10 years, United Overseas Insurance has increased its dividend at approximately 3.1% a year on average. Is United Overseas Insurance an attractive dividend stock, or better left on the shelf? United Overseas Insurance's earnings per share are down over the past five years, although it has the cushion of a low payout ratio, which would suggest a cut to the dividend is relatively unlikely. At best we would put it on a watch-list to see if business conditions improve, as it doesn't look like a clear opportunity right now. With that being said, if dividends aren't your biggest concern with United Overseas Insurance, you should know about the other risks facing this business. We've identified 2 warning signs with United Overseas Insurance (at least 1 which can't be ignored), and understanding these should be part of your investment process. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
United Overseas Insurance Limited (SGX:U13) Goes Ex-Dividend Soon
Readers hoping to buy United Overseas Insurance Limited (SGX:U13) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is commonly two business days before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase United Overseas Insurance's shares on or after the 5th of May, you won't be eligible to receive the dividend, when it is paid on the 16th of May. The company's upcoming dividend is S$0.145 a share, following on from the last 12 months, when the company distributed a total of S$0.23 per share to shareholders. Based on the last year's worth of payments, United Overseas Insurance stock has a trailing yield of around 3.0% on the current share price of S$7.75. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether United Overseas Insurance can afford its dividend, and if the dividend could grow. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately United Overseas Insurance's payout ratio is modest, at just 35% of profit. Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend. Check out our latest analysis for United Overseas Insurance Click here to see how much of its profit United Overseas Insurance paid out over the last 12 months. When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're discomforted by United Overseas Insurance's 5.9% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the past 10 years, United Overseas Insurance has increased its dividend at approximately 3.1% a year on average. Is United Overseas Insurance an attractive dividend stock, or better left on the shelf? United Overseas Insurance's earnings per share are down over the past five years, although it has the cushion of a low payout ratio, which would suggest a cut to the dividend is relatively unlikely. At best we would put it on a watch-list to see if business conditions improve, as it doesn't look like a clear opportunity right now. With that being said, if dividends aren't your biggest concern with United Overseas Insurance, you should know about the other risks facing this business. We've identified 2 warning signs with United Overseas Insurance (at least 1 which can't be ignored), and understanding these should be part of your investment process. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
